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Economics Aggregates related to national income - GDP MCQ Questions for Class 12 Humanities

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Aggregates related to national income - GDP Practice Questions

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यदि \(GDP_{MP}=9400\) करोड़ और (NFIA=-350) करोड़ है, तो \(GNP_{MP}\) कितना होगा?

If \(GDP_{MP}=9400\) crore and (NFIA=-350) crore, what will be \(GNP_{MP}\)?

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Correct Answer

A. 9050 करोड़9050 crore

Step 1

Concept

\(GNP_{MP}=GDP_{MP}+NFIA=9400-350=9050\) crore. Negative (NFIA) reduces the national aggregate.

Step 2

Why this answer is correct

The correct answer is A. 9050 करोड़ / 9050 crore. \(GNP_{MP}=GDP_{MP}+NFIA=9400-350=9050\) crore. Negative (NFIA) reduces the national aggregate.

Step 3

Exam Tip

\(GNP_{MP}=GDP_{MP}+NFIA=9400-350=9050\) करोड़। Negative (NFIA) national aggregate को घटाता है।

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GDP में market value का उपयोग क्यों किया जाता है?

Why is market value used in GDP?

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Correct Answer

A. विभिन्न वस्तुओं और सेवाओं को एक सामान्य monetary measure में जोड़ने के लिएTo add different goods and services in one common monetary measure

Step 1

Concept

GDP adds different goods and services in money value. Market value gives a common measuring unit.

Step 2

Why this answer is correct

The correct answer is A. विभिन्न वस्तुओं और सेवाओं को एक सामान्य monetary measure में जोड़ने के लिए / To add different goods and services in one common monetary measure. GDP adds different goods and services in money value. Market value gives a common measuring unit.

Step 3

Exam Tip

GDP अलग-अलग goods and services को money value में जोड़ता है। Market value common measuring unit देता है।

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GDP के product method में intermediate consumption घटाने का कारण क्या है?

What is the reason for deducting intermediate consumption in the product method of GDP?

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Correct Answer

A. Value added निकालने के लिएTo calculate value added

Step 1

Concept

Value added is obtained by deducting intermediate consumption from output. This reduces double counting.

Step 2

Why this answer is correct

The correct answer is A. Value added निकालने के लिए / To calculate value added. Value added is obtained by deducting intermediate consumption from output. This reduces double counting.

Step 3

Exam Tip

Value added output में से intermediate consumption घटाकर मिलता है। इससे double counting कम होती है।

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यदि total output (4800) करोड़ और intermediate consumption (1750) करोड़ है, तो value added कितना होगा?

If total output is (4800) crore and intermediate consumption is (1750) crore, what will be value added?

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Correct Answer

A. 3050 करोड़3050 crore

Step 1

Concept

Value added (=4800-1750=3050) crore. In the product method, check newly added value rather than full output value.

Step 2

Why this answer is correct

The correct answer is A. 3050 करोड़ / 3050 crore. Value added (=4800-1750=3050) crore. In the product method, check newly added value rather than full output value.

Step 3

Exam Tip

Value added (=4800-1750=3050) करोड़। Product method में output की पूरी value नहीं बल्कि नई added value देखें।

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GDP में wheat से flour और flour से bread की पूरी value अलग-अलग जोड़ने से क्या समस्या होगी?

What problem will arise if the full value of wheat, flour and bread is added separately in GDP?

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Correct Answer

A. Double counting

Step 1

Concept

Adding full values of intermediate stages separately counts the same value repeatedly. Use final bread or value added approach.

Step 2

Why this answer is correct

The correct answer is A. Double counting. Adding full values of intermediate stages separately counts the same value repeatedly. Use final bread or value added approach.

Step 3

Exam Tip

Intermediate stages की पूरी values अलग-अलग जोड़ने से same value बार-बार गिनेगी। अंतिम bread या value added approach अपनाएं।

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GDP के expenditure method में निजी अंतिम उपभोग व्यय किस symbol से दिखाया जाता है?

In the expenditure method of GDP, private final consumption expenditure is shown by which symbol?

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Correct Answer

A. (C)

Step 1

Concept

(C) represents households' consumption expenditure. Remember (C+I+G+(X-M)) in the GDP expenditure formula.

Step 2

Why this answer is correct

The correct answer is A. (C). (C) represents households' consumption expenditure. Remember (C+I+G+(X-M)) in the GDP expenditure formula.

Step 3

Exam Tip

(C) households के consumption expenditure को दर्शाता है। GDP expenditure formula में (C+I+G+(X-M)) याद रखें।

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यदि (C=3500), (I=1200), (G=900), (X=700), (M=1000) करोड़ हैं, तो GDP कितना होगा?

If (C=3500), (I=1200), (G=900), (X=700), (M=1000) crore, what will GDP be?

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Correct Answer

A. 5300 करोड़5300 crore

Step 1

Concept

GDP (=3500+1200+900+(700-1000)=5300) crore. Net exports are negative when imports exceed exports.

Step 2

Why this answer is correct

The correct answer is A. 5300 करोड़ / 5300 crore. GDP (=3500+1200+900+(700-1000)=5300) crore. Net exports are negative when imports exceed exports.

Step 3

Exam Tip

GDP (=3500+1200+900+(700-1000)=5300) करोड़। Imports अधिक होने पर net exports negative होते हैं।

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GDP में net exports का formula क्या है?

What is the formula for net exports in GDP?

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Correct Answer

A. (X-M)

Step 1

Concept

Net exports are exports minus imports. In the expenditure method, it is written as (X-M).

Step 2

Why this answer is correct

The correct answer is A. (X-M). Net exports are exports minus imports. In the expenditure method, it is written as (X-M).

Step 3

Exam Tip

Net exports exports minus imports होते हैं। Expenditure method में इसे (X-M) लिखा जाता है।

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GDP में imports को घटाने का सबसे सही कारण क्या है?

What is the most correct reason for subtracting imports in GDP?

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Correct Answer

A. वे घरेलू उत्पादन का भाग नहीं हैंThey are not part of domestic production

Step 1

Concept

Spending on imports does not create domestic output. Therefore, (M) is deducted in the expenditure method of GDP.

Step 2

Why this answer is correct

The correct answer is A. वे घरेलू उत्पादन का भाग नहीं हैं / They are not part of domestic production. Spending on imports does not create domestic output. Therefore, (M) is deducted in the expenditure method of GDP.

Step 3

Exam Tip

Imports पर खर्च domestic output नहीं बनाता। इसलिए GDP के expenditure method में (M) घटाया जाता है।

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GDP में government expenditure और transfer payments में क्या अंतर है?

What is the difference between government expenditure and transfer payments in GDP?

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Correct Answer

A. Government final expenditure current output खरीदता है, transfer payment output के बदले नहीं होताGovernment final expenditure buys current output, transfer payment is not against output

Step 1

Concept

GDP includes government purchase of current goods and services. Transfer payments are not rewards for production.

Step 2

Why this answer is correct

The correct answer is A. Government final expenditure current output खरीदता है, transfer payment output के बदले नहीं होता / Government final expenditure buys current output, transfer payment is not against output. GDP includes government purchase of current goods and services. Transfer payments are not rewards for production.

Step 3

Exam Tip

GDP में current goods and services की government खरीद शामिल होती है। Transfer payments उत्पादन के प्रतिफल नहीं होते।

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