GST & National Income MCQs for Rajasthan SI
Practice 20 free GST & National Income questions under Indian Economy — Economy.
Strengthen your GST & National Income knowledge for Rajasthan SI with curated MCQs. Switch between Hindi and English anytime.
Rajasthan SI — Indian Economy — GST & National Income
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
What is the key difference between 'Production Tax' and 'Product Tax'?
Question 2 of 20
Which formula correctly represents 'Personal Disposable Income' (PDI)?
Question 3 of 20
In the context of GVA, taxes like 'Land Revenue' and 'Registration Fees' are classified as:
Question 4 of 20
In the calculation of National Income, which of the following is synonymous with 'National Income'?
Question 5 of 20
Real GDP is calculated at:
Question 6 of 20
Which of the following formulas correctly represents the GDP Deflator?
Question 7 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 8 of 20
Which of the following is NOT included in the 'Domestic Territory' of India?
Question 9 of 20
Which of the following is NOT part of 'Factor Income'?
Question 10 of 20
If $GDP_{MP} = 500$ and Depreciation = 50, what is $NDP_{MP}$?
Question 11 of 20
Which of the following is an example of an 'Intermediate Good'?
Question 12 of 20
Which component is added to 'Personal Income' to calculate 'Personal Disposable Income'?
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
Why is the GDP Deflator considered a more accurate indicator of inflation compared to CPI and WPI, yet is less popular?
Question 15 of 20
Which of the following is true regarding 'Gross Value Added at Basic Prices' ($GVA_{BP}$)?
Question 16 of 20
In the calculation of GDP by Expenditure method, what does '(X - M)' represent?
Question 17 of 20
Why are 'Capital Gains' generally excluded from National Income (implied by production definition)?
Question 18 of 20
Which entity typically announces the quarterly GDP data in India (based on the system described)?
Question 19 of 20
Match the factor of production with its corresponding remuneration (Factor Cost): List-I (Factor) I. Land II. Labour III. Capital IV. Entrepreneur List-II (Remuneration) 1. Interest 2. Profit 3. Rent 4. Wages
Question 20 of 20