The 'Net National Product at factor cost' is also known as: MCQ with Answer and Explanation

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The 'Net National Product at factor cost' is also known as:

A. National Income

B. Personal Income

C. Disposable Income

D. Gross Domestic Product

Answer: Option A

Solution (By JKSSB Mock Tests)

National Income is NNP at factor cost.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Dunkel Draft' was associated with:

A. IMF reforms

B. human rights

C. climate change

D. GATT/WTO negotiations

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Correct Answer: Option D

Explanation:
The Dunkel Draft was a proposal by Arthur Dunkel that formed the basis of the Uruguay Round agreement.

This question belongs to: Economy GK Economy Set 1

Question #2

Non-Banking Financial Companies are regulated by:

A. Reserve Bank of India

B. Ministry of Finance

C. SEBI

D. IRDA

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Correct Answer: Option A

Explanation:
NBFCs are regulated by the Reserve Bank of India.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Payments Corporation of India' operates which of the following?

A. UPI and RuPay

B. NSE

C. BSE

D. IRDAI

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Correct Answer: Option A

Explanation:
NPCI operates retail payment systems such as UPI, RuPay, NACH and IMPS.

This question belongs to: Economy GK Economy Set 1

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