GST & National Income MCQs for RAS
Practice 20 free gst & national income multiple choice questions for RAS exam. Instant answers, explanations in Hindi and English, and topic-wise targeted practice.
Master GST & National Income under Indian Economy for RAS 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.
RAS — Indian Economy — GST & National Income
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
According to the provided definitions, why is a 'Tyre' used in a new car considered an intermediate good?
Question 2 of 20
Which ministry oversees the National Statistical Office (NSO)?
Question 3 of 20
What happens to the value of 'Intermediate Goods' to avoid double counting in National Income?
Question 4 of 20
When calculating 'Personal Income' (PI) from National Income, which of the following is subtracted?
Question 5 of 20
Which entity typically announces the quarterly GDP data in India (based on the system described)?
Question 6 of 20
According to the changes made in 2015, the term GVA (Gross Value Added) is used when GDP is calculated using which method?
Question 7 of 20
Assertion (A): Net Factor Income Abroad (NFIA) is added to GDP to calculate GNP. Reason (R): GNP focuses on the production by residents of the country, whether within the country or outside.
Question 8 of 20
Which month marks the beginning of the 'Fourth Quarter' (Q4) of the Indian Financial Year?
Question 9 of 20
Consider the following statements regarding GDP calculation at Current and Constant Prices: 1. GDP calculated at current year prices is known as Nominal GDP. 2. GDP calculated at base year prices is known as Real GDP. 3. Nominal GDP excludes the impact of inflation. Which of the statements given above is/are correct?
Question 10 of 20
Consider the following statement: 'Capital gains are not included in GDP.' Why is this statement correct?
Question 11 of 20
Which among the following is subtracted while calculating Gross Value Added (GVA) at Basic Prices from GVA at Factor Cost?
Question 12 of 20
Which of the following activities is NOT included in GDP calculation?
Question 13 of 20
Which of the following elements are included in the 'Domestic Territory' of a country for GDP calculation? 1. Geographical territory of the country. 2. Exclusive Economic Zone (up to 200 nautical miles). 3. Embassies and military bases located abroad. 4. Ships and aircraft registered in the country. Select the correct answer using the code given below:
Question 14 of 20
Match List-I with List-II regarding GDP calculation methods: List-I (Method) A. Income Method B. Expenditure Method C. Production Method List-II (Formula/Concept) i. Total Sales Value - Intermediate Cost ii. Rent + Wages + Interest + Profit iii. C + I + G + (X - M)
Question 15 of 20
Which of the following equations correctly represents the Expenditure Method of GDP calculation?
Question 16 of 20
What happens to the value of 'Intermediate Goods' in the final analysis of GDP?
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
Which of the following would be considered a 'Final Good'?
Question 19 of 20
In the context of the Production Method for GDP, how is 'Value Added' defined?
Question 20 of 20