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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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GDP में शुद्ध निर्यात ऋणात्मक होने का क्या अर्थ है?

What does negative net exports mean in GDP?

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Correct Answer

A. exports imports से कम हैंExports are less than imports

Step 1

Concept

Net exports is (X-M), and it becomes negative when imports are higher. In exams, treat negative net exports as reducing GDP.

Step 2

Why this answer is correct

The correct answer is A. exports imports से कम हैं / Exports are less than imports. Net exports is (X-M), and it becomes negative when imports are higher. In exams, treat negative net exports as reducing GDP.

Step 3

Exam Tip

Net exports (X-M) है और imports अधिक होने पर यह negative होता है। परीक्षा में negative net exports को GDP से घटता हुआ मानें।

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यदि nominal GDP बढ़ती है लेकिन GDP deflator भी तेजी से बढ़ता है, तो वास्तविक उत्पादन के बारे में क्या सावधानी रखनी चाहिए?

If nominal GDP rises but the GDP deflator also rises sharply, what caution should be kept about real output?

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Correct Answer

A. वास्तविक उत्पादन शायद उतना नहीं बढ़ा होReal output may not have risen as much

Step 1

Concept

Nominal GDP also rises due to prices. In exams, look at constant price GDP for real output.

Step 2

Why this answer is correct

The correct answer is A. वास्तविक उत्पादन शायद उतना नहीं बढ़ा हो / Real output may not have risen as much. Nominal GDP also rises due to prices. In exams, look at constant price GDP for real output.

Step 3

Exam Tip

Nominal GDP कीमतों से भी बढ़ती है। परीक्षा में real output के लिए constant price GDP देखें।

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किस विकल्प में GDP की limitation सही दिखाई गई है?

Which option correctly shows a limitation of GDP?

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Correct Answer

A. GDP income distribution नहीं बतातीGDP does not show income distribution

Step 1

Concept

GDP shows total output, not distribution of income. In exams, place inequality under welfare limitation.

Step 2

Why this answer is correct

The correct answer is A. GDP income distribution नहीं बताती / GDP does not show income distribution. GDP shows total output, not distribution of income. In exams, place inequality under welfare limitation.

Step 3

Exam Tip

GDP कुल उत्पादन बताती है, आय का वितरण नहीं। परीक्षा में inequality को welfare limitation में रखें।

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यदि इस वर्ष बनी वस्तु दुकान में बिना बिके रह गई, तो GDP में उसका मूल्य क्यों आएगा?

If a good produced this year remains unsold in a shop, why will its value enter GDP?

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Correct Answer

A. क्योंकि यह current production और inventory हैBecause it is current production and inventory

Step 1

Concept

Unsold current output is treated as change in stock or inventory investment. In exams, separate production and sales.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह current production और inventory है / Because it is current production and inventory. Unsold current output is treated as change in stock or inventory investment. In exams, separate production and sales.

Step 3

Exam Tip

Unsold current output change in stock या inventory investment माना जाता है। परीक्षा में production और sales अलग रखें।

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GDP में self consumed farm output को कब शामिल किया जा सकता है?

When can self-consumed farm output be included in GDP?

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Correct Answer

A. जब उसका उचित मूल्यांकन संभव होWhen its reasonable valuation is possible

Step 1

Concept

Self-consumed output may be included if its imputed value is available. In exams, remember the condition of valuation.

Step 2

Why this answer is correct

The correct answer is A. जब उसका उचित मूल्यांकन संभव हो / When its reasonable valuation is possible. Self-consumed output may be included if its imputed value is available. In exams, remember the condition of valuation.

Step 3

Exam Tip

स्व-उपभोग output का अनुमानित मूल्य उपलब्ध हो तो उसे शामिल किया जा सकता है। परीक्षा में valuation की शर्त याद रखें।

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GDP में pollution cleanup खर्च बढ़ने पर welfare analysis में कौन-सी बात ध्यान रखनी चाहिए?

When pollution cleanup expenditure rises in GDP, what should be kept in mind in welfare analysis?

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Correct Answer

A. खर्च GDP बढ़ा सकता है लेकिन pollution damage welfare घटा सकता हैExpenditure may raise GDP but pollution damage may reduce welfare

Step 1

Concept

GDP may show cleanup activity as output but not fully show damage. In exams, treat environmental cost as a limitation.

Step 2

Why this answer is correct

The correct answer is A. खर्च GDP बढ़ा सकता है लेकिन pollution damage welfare घटा सकता है / Expenditure may raise GDP but pollution damage may reduce welfare. GDP may show cleanup activity as output but not fully show damage. In exams, treat environmental cost as a limitation.

Step 3

Exam Tip

GDP cleanup activity को output के रूप में दिखा सकती है पर नुकसान को पूरा नहीं दिखाती। परीक्षा में environmental cost को limitation मानें।

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यदि (Real\ GDP=20000) और (GDP\ Deflator=110), तो (Nominal\ GDP) कितना होगा?

If (Real\ GDP=20000) and (GDP\ Deflator=110), what is (Nominal\ GDP)?

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Correct Answer

C. 22000

Step 1

Concept

\(Nominal\ GDP=\frac{Real\ GDP\times Deflator}{100}=22000\). In exams, the deflator formula can be used in both directions.

Step 2

Why this answer is correct

The correct answer is C. 22000. \(Nominal\ GDP=\frac{Real\ GDP\times Deflator}{100}=22000\). In exams, the deflator formula can be used in both directions.

Step 3

Exam Tip

\(Nominal\ GDP=\frac{Real\ GDP\times Deflator}{100}=22000\)। परीक्षा में deflator formula दोनों दिशा में लगा सकते हैं।

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GDP में किसे fixed capital formation कहा जाएगा?

What will be called fixed capital formation in GDP?

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Correct Answer

A. कंपनी द्वारा नई मशीन खरीदनाA company buying a new machine

Step 1

Concept

A new machine is a productive fixed asset and comes under investment. In exams, connect capital formation with final capital goods.

Step 2

Why this answer is correct

The correct answer is A. कंपनी द्वारा नई मशीन खरीदना / A company buying a new machine. A new machine is a productive fixed asset and comes under investment. In exams, connect capital formation with final capital goods.

Step 3

Exam Tip

नई मशीन productive fixed asset है और investment में आती है। परीक्षा में capital formation को final capital goods से जोड़ें।

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GDP में routine repair और new machine purchase का अंतर क्यों महत्वपूर्ण है?

Why is the difference between routine repair and new machine purchase important in GDP?

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Correct Answer

A. repair intermediate cost हो सकती है जबकि new machine capital formation हैRepair may be intermediate cost while new machine is capital formation

Step 1

Concept

Maintenance repair keeps an old asset running, while a new machine adds capacity. In exams, separate replacement and routine maintenance.

Step 2

Why this answer is correct

The correct answer is A. repair intermediate cost हो सकती है जबकि new machine capital formation है / Repair may be intermediate cost while new machine is capital formation. Maintenance repair keeps an old asset running, while a new machine adds capacity. In exams, separate replacement and routine maintenance.

Step 3

Exam Tip

Maintenance repair पुराने asset को चालू रखती है, नई मशीन capacity जोड़ती है। परीक्षा में replacement और routine maintenance अलग करें।

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GDP में एक paid coaching class की fee क्यों शामिल होगी?

Why will the fee of a paid coaching class be included in GDP?

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Correct Answer

A. क्योंकि यह चालू वर्ष की paid educational service हैBecause it is a current year paid educational service

Step 1

Concept

Paid educational service is a market transaction and is included in GDP. In exams, treat service output like goods.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह चालू वर्ष की paid educational service है / Because it is a current year paid educational service. Paid educational service is a market transaction and is included in GDP. In exams, treat service output like goods.

Step 3

Exam Tip

Paid educational service market transaction है और GDP में शामिल होती है। परीक्षा में service output को goods की तरह मानें।

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