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

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GDP at factor cost में factor cost शब्द किससे संबंधित है?

What is the term factor cost related to in GDP at factor cost?

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Correct Answer

A. उत्पादन कारकों को मिले प्रतिफल सेRewards received by factors of production

Step 1

Concept

Factor cost is based on income received by factors of production. In exams, remember NIT as the difference between market price and factor cost.

Step 2

Why this answer is correct

The correct answer is A. उत्पादन कारकों को मिले प्रतिफल से / Rewards received by factors of production. Factor cost is based on income received by factors of production. In exams, remember NIT as the difference between market price and factor cost.

Step 3

Exam Tip

Factor cost उत्पादन कारकों को मिलने वाली आय पर आधारित है। परीक्षा में market price और factor cost में NIT का अंतर याद रखें।

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यदि किसी वर्ष real GDP बढ़ती है लेकिन nominal GDP घटती है, तो कौन-सी स्थिति संभव है?

If real GDP rises but nominal GDP falls in a year, which situation is possible?

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Correct Answer

A. कीमतों में भारी गिरावट और output में वृद्धिA sharp fall in prices and a rise in output

Step 1

Concept

Real GDP shows output quantity while nominal GDP is affected by current prices. In exams, understand the deflation situation.

Step 2

Why this answer is correct

The correct answer is A. कीमतों में भारी गिरावट और output में वृद्धि / A sharp fall in prices and a rise in output. Real GDP shows output quantity while nominal GDP is affected by current prices. In exams, understand the deflation situation.

Step 3

Exam Tip

Real GDP output quantity दिखाती है जबकि nominal GDP current prices से प्रभावित होती है। परीक्षा में deflation वाली स्थिति समझें।

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GDP में किसी कंपनी द्वारा कर्मचारियों को दिया गया उत्पादन-सम्बंधित overtime payment कैसे माना जाएगा?

How will production-related overtime payment given by a company to employees be treated in GDP?

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Correct Answer

A. compensation of employees का भागPart of compensation of employees

Step 1

Concept

Overtime payment is a reward for labour service. In exams, include production-linked wage payments in factor income.

Step 2

Why this answer is correct

The correct answer is A. compensation of employees का भाग / Part of compensation of employees. Overtime payment is a reward for labour service. In exams, include production-linked wage payments in factor income.

Step 3

Exam Tip

Overtime payment श्रम सेवा का प्रतिफल है। परीक्षा में production-linked wage payments को factor income में रखें।

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GDP में government द्वारा purchased medicines for public hospitals किस रूप में आ सकती हैं?

In GDP, government-purchased medicines for public hospitals may come under what?

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Correct Answer

A. सरकारी अंतिम उपभोग व्ययGovernment final consumption expenditure

Step 1

Concept

Final purchases by government for providing public services enter GDP expenditure. In exams, distinguish government purchases from transfers.

Step 2

Why this answer is correct

The correct answer is A. सरकारी अंतिम उपभोग व्यय / Government final consumption expenditure. Final purchases by government for providing public services enter GDP expenditure. In exams, distinguish government purchases from transfers.

Step 3

Exam Tip

सरकार द्वारा public service देने के लिए final purchase GDP expenditure में आती है। परीक्षा में government purchases और transfers में अंतर करें।

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यदि घरेलू उत्पादन में वृद्धि के साथ depletion of forests भी तेज हो, तो GDP की कौन-सी सीमा सामने आती है?

If domestic output rises along with faster depletion of forests, which limitation of GDP appears?

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Correct Answer

A. प्राकृतिक संसाधन क्षय को पूरा न दिखानाNot fully showing depletion of natural resources

Step 1

Concept

GDP shows production but does not fully adjust natural capital loss. In exams, connect this with the need for green GDP.

Step 2

Why this answer is correct

The correct answer is A. प्राकृतिक संसाधन क्षय को पूरा न दिखाना / Not fully showing depletion of natural resources. GDP shows production but does not fully adjust natural capital loss. In exams, connect this with the need for green GDP.

Step 3

Exam Tip

GDP production दिखाती है लेकिन natural capital loss का पूरा adjustment नहीं करती। परीक्षा में green GDP की आवश्यकता से इसे जोड़ें।

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GDP में market price का अर्थ किस कीमत से है?

What does market price mean in GDP?

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Correct Answer

A. खरीदार द्वारा चुकाई गई कीमत जिसमें indirect tax और subsidy का प्रभाव होPrice paid by buyer including effect of indirect tax and subsidy

Step 1

Concept

Market price is the price paid by the consumer. In exams, remember net indirect taxes for its difference from factor cost.

Step 2

Why this answer is correct

The correct answer is A. खरीदार द्वारा चुकाई गई कीमत जिसमें indirect tax और subsidy का प्रभाव हो / Price paid by buyer including effect of indirect tax and subsidy. Market price is the price paid by the consumer. In exams, remember net indirect taxes for its difference from factor cost.

Step 3

Exam Tip

Market price उपभोक्ता द्वारा चुकाई गई कीमत है। परीक्षा में factor cost से अंतर के लिए net indirect taxes याद रखें।

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यदि \(GDP_{MP}\) और \(GDP_{FC}\) बराबर हैं, तो इसका क्या अर्थ हो सकता है?

If \(GDP_{MP}\) and \(GDP_{FC}\) are equal, what can it mean?

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Correct Answer

A. NIT शून्य हैNIT is zero

Step 1

Concept

When net indirect tax is zero, market price and factor cost are equal. In exams, remember the equality condition.

Step 2

Why this answer is correct

The correct answer is A. NIT शून्य है / NIT is zero. When net indirect tax is zero, market price and factor cost are equal. In exams, remember the equality condition.

Step 3

Exam Tip

जब net indirect tax शून्य होता है तो market price और factor cost बराबर होते हैं। परीक्षा में equality condition याद रखें।

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GDP में firm द्वारा खरीदा गया raw cotton कपड़ा बनाने के लिए क्या होगा?

In GDP, what will raw cotton bought by a firm to make cloth be?

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Correct Answer

A. intermediate consumption

Step 1

Concept

Raw cotton is an input in further production. In exams, treat raw material as intermediate consumption.

Step 2

Why this answer is correct

The correct answer is A. intermediate consumption. Raw cotton is an input in further production. In exams, treat raw material as intermediate consumption.

Step 3

Exam Tip

Raw cotton further production में input है। परीक्षा में raw material को intermediate consumption मानें।

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GDP में quality improvement की limitation किस उदाहरण से दिखती है?

Which example shows the limitation of quality improvement in GDP?

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Correct Answer

A. एक ही कीमत पर बेहतर स्वास्थ्य सेवा मिलना लेकिन value पूरी तरह न दिखनाBetter health service at same price but value not fully reflected

Step 1

Concept

GDP focuses more on quantity and price, so quality improvement may not be fully captured. In exams, treat quality changes as a welfare limitation.

Step 2

Why this answer is correct

The correct answer is A. एक ही कीमत पर बेहतर स्वास्थ्य सेवा मिलना लेकिन value पूरी तरह न दिखना / Better health service at same price but value not fully reflected. GDP focuses more on quantity and price, so quality improvement may not be fully captured. In exams, treat quality changes as a welfare limitation.

Step 3

Exam Tip

GDP quantity और price पर अधिक केंद्रित होती है, quality improvement पूरी तरह capture नहीं हो सकता। परीक्षा में quality changes को welfare limitation समझें।

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GDP में domestic product शब्द का मुख्य संकेत क्या है?

What is the main indication of the term domestic product in GDP?

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Correct Answer

A. उत्पादन घरेलू आर्थिक सीमा के अंदर हुआ हैProduction occurred within domestic economic territory

Step 1

Concept

Domestic product means production within economic territory. In exams, remember the difference between domestic and national terms.

Step 2

Why this answer is correct

The correct answer is A. उत्पादन घरेलू आर्थिक सीमा के अंदर हुआ है / Production occurred within domestic economic territory. Domestic product means production within economic territory. In exams, remember the difference between domestic and national terms.

Step 3

Exam Tip

Domestic product का अर्थ economic territory के भीतर उत्पादन है। परीक्षा में domestic और national शब्दों का अंतर याद रखें।

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