JKSSB Mock Tests

Which of the following is NOT correct with regards to the history of calculating National Income (NI) in India?

A. First official attempt to compute NI was made by PC Mahalanobis.
B. Dadabhai Naoroji divided the Indian economy into two parts: primary sector and secondary sector.
C. National Income is NNP at FC.
D. National Income is GDP at MP.
Answer: Option D
Solution (By JKSSB Mock Tests Team)
National Income is officially defined as Net National Product at Factor Cost (NNP at FC), not Gross Domestic Product at Market Price (GDP at MP).
This Question Belongs to: General knowledge mcqs Economics set 1

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