The 'National Income' in India is now compiled by: MCQ with Answer and Explanation

Question

Share Report Error

The 'National Income' in India is now compiled by:

A. Ministry of Finance

B. National Statistical Office

C. RBI

D. NITI Aayog

Answer: Option B

Solution (By JKSSB Mock Tests)

National income is compiled by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'International Court of Justice' is the principal judicial organ of:

A. European Union

B. World Bank

C. United Nations

D. WTO

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The International Court of Justice is the principal judicial organ of the United Nations.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'International Labour Organization' headquarters is in:

A. Paris

B. New York

C. Rome

D. Geneva

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
ILO headquarters is in Geneva.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Life-Cycle Hypothesis' of consumption?

A. Individuals plan consumption over their entire lifetime

B. Only permanent income matters and age is irrelevant

C. Saving is independent of age

D. Consumption depends only on current income

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The life-cycle hypothesis, associated with Modigliani, posits that individuals smooth consumption over their lifetime by saving during working years and dissaving during retirement.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs