The 'National Income' estimates in India are prepared by: MCQ with Answer and Explanation

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The 'National Income' estimates in India are prepared by:

A. NITI Aayog

B. Ministry of Statistics and Programme Implementation

C. National Statistical Office

D. RBI

Answer: Option C

Solution (By JKSSB Mock Tests)

National income estimates are prepared by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

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Question #1

The term 'Gross Fixed Capital Formation' includes:

A. Only financial investments

B. Only inventory investment

C. Investment in fixed assets such as machinery, buildings and infrastructure

D. Only construction of buildings

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Correct Answer: Option C

Explanation:
Gross Fixed Capital Formation refers to the net addition to the stock of fixed assets such as plant, machinery, buildings and infrastructure during a period.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Multilateral Investment Guarantee Agency' is a member of the:

A. WTO

B. IMF

C. World Bank Group

D. OECD

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Correct Answer: Option C

Explanation:
MIGA is a member of the World Bank Group.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Keynesian cross' model shows equilibrium income where:

A. exports equal imports

B. aggregate demand equals aggregate supply

C. interest rate equals inflation

D. money supply equals money demand

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Correct Answer: Option B

Explanation:
The Keynesian cross shows equilibrium where aggregate demand equals aggregate supply.

This question belongs to: Economy GK Economy Set 1

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