The 'per capita income' is calculated by dividing national income by: MCQ with Answer and Explanation

Question

Share Report Error

The 'per capita income' is calculated by dividing national income by:

A. labour force

B. number of households

C. working population

D. total population

Answer: Option D

Solution (By JKSSB Mock Tests)

Per capita income is national income divided by total population.

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 marginal propensity to consume is the ratio of:

A. change in saving to change in income

B. consumption to saving

C. change in consumption to change in income

D. total consumption to total income

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
MPC is the ratio of change in consumption to change in income.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Employees' State Insurance Corporation' provides medical benefit to insured workers from:

A. day one of insurable employment for certain benefits

B. after retirement

C. after one year

D. first day of employment

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
ESIC medical benefit is available from day one of insurable employment.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' is collected by the central government under which component?

A. UTGST only

B. CGST and IGST

C. SGST

D. SGST only

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The central government collects CGST and IGST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs