The 'National Income' in India was first estimated by: MCQ with Answer and Explanation

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The 'National Income' in India was first estimated by:

A. V.K.R.V. Rao

B. P.C. Mahalanobis

C. Dadabhai Naoroji

D. R.C. Dutt

Answer: Option A

Solution (By JKSSB Mock Tests)

V.K.R.V. Rao made the first scientific estimate of India's national income.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Universal Immunization Programme' aims to protect children against:

A. only polio

B. only COVID-19

C. only smallpox

D. vaccine-preventable diseases including polio, measles, tuberculosis and others

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Correct Answer: Option D

Explanation:
Universal Immunization Programme protects children against multiple vaccine-preventable diseases.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on health care services is:

A. 5%

B. 18%

C. 0%

D. exempt

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Correct Answer: Option D

Explanation:
Health care services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a method of measuring national income?

A. Income method

B. Product method

C. Balance of payments method

D. Expenditure method

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Correct Answer: Option C

Explanation:
National income is measured by product (value added), income and expenditure methods. Balance of payments is used for recording international transactions, not for measuring national income.

This question belongs to: Economy GK Economy Set 1

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