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National Income
General Studies
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National Income

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National Income is an important topic in General Studies for competitive exam aspirants. This guide gives you a clear, exam-focused explanation of National Income, shows how it is typically asked, and pairs it with solved practice questions so you can learn the approach and test yourself right away. Work through the questions below to build speed and accuracy.

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Questions
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Q1Consider the following statements regarding National Income: 1. Net National Product at Factor Cost is also known as National Income. 2. National Income includes transfer payments like old-age pensions. Which of the above is/are correct?MediumSolve →Q2Which of the following is NOT a method of measuring National Income?MediumSolve →Q3Consider the following statements about GDP deflators: 1. GDP deflator is a measure of inflation. 2. It uses a fixed basket of goods and services. Which is correct?MediumSolve →Q4Which of the following are included in India’s GDP? 1. Value of services rendered by housewives. 2. Income from illegal activities. 3. Imputed rent of owner-occupied houses.MediumSolve →Q5Disposable Income is:MediumSolve →Q6Which one of the following is correct?MediumSolve →Q7Which one of the following is true about India’s GDP?MediumSolve →Q8Which of these correctly defines Net Domestic Product (NDP)?MediumSolve →Q9Which of the following best describes 'Green GDP'?MediumSolve →Q10Which among the following is NOT an economic activity?MediumSolve →

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