GST & National Income MCQs for CET Graduate
Practice 20 free GST & National Income questions under Indian Economy — Economy.
Strengthen your GST & National Income knowledge for CET Graduate with curated MCQs. Switch between Hindi and English anytime.
CET Graduate — Indian Economy — GST & National Income
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Per Capita Income is calculated using which of the following formulas?
Question 2 of 20
Which of the following equations correctly represents the Expenditure Method of GDP calculation?
Question 3 of 20
Which ministry oversees the National Statistical Office (NSO)?
Question 4 of 20
Which component is added to 'Personal Income' to calculate 'Personal Disposable Income'?
Question 5 of 20
Which of the following methods are used for GDP calculation in India? 1. Income Method 2. Expenditure Method 3. Production Method
Question 6 of 20
The National Statistical Office (NSO) functions under which Ministry?
Question 7 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 8 of 20
The difference between 'Domestic Income' ($NDP_{FC}$) and 'National Income' ($NNP_{FC}$) is:
Question 9 of 20
In the context of GVA, taxes like 'Land Revenue' and 'Registration Fees' are classified as:
Question 10 of 20
Match the following aggregate measures with their correct formulas: List-I (Aggregate) I. Net Domestic Product (NDP) II. Gross National Product (GNP) III. Net National Product (NNP) IV. Market Price (MP) List-II (Formula) 1. GDP + Net Factor Income Abroad 2. GDP - Depreciation 3. Factor Cost + Indirect Tax - Subsidy 4. GNP - Depreciation
Question 11 of 20
In the context of the Indian economy, the 'Third Quarter' of a financial year comprises which of the following months?
Question 12 of 20
Which month marks the beginning of the 'Fourth Quarter' (Q4) of the Indian Financial Year?
Question 13 of 20
Under the Income Method of calculating GDP, which of the following components are added together?
Question 14 of 20
According to the provided definitions, why is a 'Tyre' used in a new car considered an intermediate good?
Question 15 of 20
Consider the following statements regarding 'Transfer Payments': 1. They are added to National Income to get Personal Income. 2. They include payments like pensions and scholarships. 3. They are earned through productive activity. Which of the statements given above are correct?
Question 16 of 20
Identify the tax that is an example of 'Production Tax'.
Question 17 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 18 of 20
Calculate Per Capita Income if the National Income ($NNP_{FC}$) is Rs. 50,000 Crores and the Population is 50 Crores.
Question 19 of 20
What is the specific economic term for 'Net National Product at Factor Cost' ($NNP_{FC}$)?
Question 20 of 20