GST & National Income MCQs for CET 12th Level
Practice 20 free gst & national income multiple choice questions for CET 12th Level exam. Instant answers, explanations in Hindi and English, and topic-wise targeted practice.
Master GST & National Income under Indian Economy for CET 12th Level with our curated MCQ set. Every question is sourced from real Rajasthan exam patterns and updated regularly. Switch between Hindi and English anytime. Use this daily to strengthen weak areas before the exam.
CET 12th Level — Indian Economy — GST & National Income
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Assertion (A): Old-age pensions are added to Personal Income but not to National Income. Reason (R): Pensions are transfer payments for which no productive service is rendered in the current year.
Question 2 of 20
If a ship is registered in India but operates between USA and UK, is it considered part of India's Domestic Territory?
Question 3 of 20
Which of the following best describes 'Nominal GDP'?
Question 4 of 20
The GDP of a country is best described as:
Question 5 of 20
Which of the following items is NOT deducted from Personal Income to arrive at 'Personal Disposable Income' (PDI)?
Question 6 of 20
In the context of the Production Method for GDP, how is 'Value Added' defined?
Question 7 of 20
What is the primary reason for deducting 'Intermediate Consumption' in the Production Method?
Question 8 of 20
According to the provided definitions, why is a 'Tyre' used in a new car considered an intermediate good?
Question 9 of 20
The Exclusive Economic Zone (EEZ) of India, which is part of its domestic territory, extends up to how many nautical miles from the coast?
Question 10 of 20
The National Statistical Office (NSO) functions under which Ministry?
Question 11 of 20
Which formula correctly represents 'Personal Disposable Income' (PDI)?
Question 12 of 20
When is the 'Factor Cost' equal to the 'Market Price'?
Question 13 of 20
Match the formula with the concept: List-I I. $MP$ II. $FC$ III. $Gross$ IV. $National$ List-II 1. Net + Depreciation 2. Domestic + NFIA 3. Factor Cost + Net Indirect Tax 4. Market Price - Net Indirect Tax
Question 14 of 20
Which month marks the beginning of the 'Fourth Quarter' (Q4) of the Indian Financial Year?
Question 15 of 20
What distinguishes 'Real GDP' from 'Nominal GDP'?
Question 16 of 20
Which of the following is the correct formula to derive 'Personal Disposable Income' (PDI) from 'Personal Income' (PI)?
Question 17 of 20
Which entity typically announces the quarterly GDP data in India (based on the system described)?
Question 18 of 20
Which of the following defines 'Net Factor Income Abroad'?
Question 19 of 20
Which of the following equations correctly represents the Expenditure Method of GDP calculation?
Question 20 of 20