PGT (Commerce previous year questions) (HTET) (Part – VI)

Total Questions: 100

61. Per capita income increases when:

Correct Answer: C. GNP increases faster than population

62. This year, if national product at factor cost is ₹ 600 crores, indirect taxes ₹ 200 crores and subsidies ₹ 75 crores, national product at market prices is:

Correct Answer: B. ₹ 725 crores

63. Which one of the following measures does not include final goods and services?

Correct Answer: C. Disposable income

64. National product at current prices is higher than national product at constant prices during a period of:

Correct Answer: A. Rising prices

65. Which of the following items are not included in estimating National income or

Correct Answer: B. Income of smugglers

66. The purchase of a new home is included in the GNP as a part of:

Correct Answer: C. Investment

67. Expenditure on defence is an item of:

Correct Answer: D. Public consumption

68. National income at constant prices can be found out by

Correct Answer: B.

69. For a closed economy having no foreign trade which one of the following is correct?

Correct Answer: A.

70. Which of the following statements explain the difference between NNP (Net National Product) and NMP (Net Material Product)?

1. NNP includes services
2. NNP excludes services.
3. NMP includes services
4. NMP excludes services.
Select the correct answer using the codes given below.
Codes :

Correct Answer: A. 1 and 4