A. देश के घरेलू क्षेत्र में final goods and services का सकल मूल्य/Gross value of final goods and services in domestic territory
Step 1
Concept
GDP is the gross value of final output in domestic territory. In exams remember GDP as gross domestic final output.
Step 2
Why this answer is correct
The correct answer is A. देश के घरेलू क्षेत्र में final goods and services का सकल मूल्य / Gross value of final goods and services in domestic territory. GDP is the gross value of final output in domestic territory. In exams remember GDP as gross domestic final output.
Step 3
Exam Tip
GDP domestic territory में final output का gross value है। परीक्षा में GDP को gross domestic final output के रूप में याद रखें।
A. मूल्यह्रास घटाने से पहले/Before deducting depreciation
Step 1
Concept
Gross means the amount before deducting depreciation. Distinguish gross and net through depreciation in exams.
Step 2
Why this answer is correct
The correct answer is A. मूल्यह्रास घटाने से पहले / Before deducting depreciation. Gross means the amount before deducting depreciation. Distinguish gross and net through depreciation in exams.
Step 3
Exam Tip
Gross का अर्थ depreciation घटाने से पहले की राशि है। परीक्षा में gross और net को depreciation से अलग करें।
A. आर्थिक क्षेत्र के आधार पर/On the basis of economic territory
Step 1
Concept
The word domestic indicates economic territory. Treat domestic product as a location-based concept in exams.
Step 2
Why this answer is correct
The correct answer is A. आर्थिक क्षेत्र के आधार पर / On the basis of economic territory. The word domestic indicates economic territory. Treat domestic product as a location-based concept in exams.
Step 3
Exam Tip
Domestic शब्द economic territory को दिखाता है। परीक्षा में domestic product को location-based concept समझें।
Final goods are included in GDP. Adding intermediate goods separately causes double counting in exams.
Step 2
Why this answer is correct
The correct answer is A. अंतिम वस्तुएं / Final goods. Final goods are included in GDP. Adding intermediate goods separately causes double counting in exams.
Step 3
Exam Tip
GDP में final goods शामिल होती हैं। परीक्षा में intermediate goods को अलग जोड़ने से double counting होती है।
GDP is gross and NDP is net, so the difference comes from depreciation. Remember (NDP=GDP-Depreciation).
Step 2
Why this answer is correct
The correct answer is A. मूल्यह्रास / Depreciation. GDP is gross and NDP is net, so the difference comes from depreciation. Remember (NDP=GDP-Depreciation).
Step 3
Exam Tip
GDP gross है और NDP net है इसलिए अंतर depreciation से आता है। परीक्षा में (NDP=GDP-Depreciation) याद रखें।
A. विदेश से शुद्ध साधन आय/Net factor income from abroad
Step 1
Concept
GDP is domestic and GNP is national, so NFIA adjustment is needed. Remember (GNP=GDP+NFIA).
Step 2
Why this answer is correct
The correct answer is A. विदेश से शुद्ध साधन आय / Net factor income from abroad. GDP is domestic and GNP is national, so NFIA adjustment is needed. Remember (GNP=GDP+NFIA).
Step 3
Exam Tip
GDP domestic है और GNP national है इसलिए NFIA adjustment जरूरी है। परीक्षा में (GNP=GDP+NFIA) याद रखें।
A. बाजार कीमत पर सकल घरेलू उत्पाद/Gross Domestic Product at Market Price
Step 1
Concept
GDPMP is GDP measured at market price. Remember MP means market price in exams.
Step 2
Why this answer is correct
The correct answer is A. बाजार कीमत पर सकल घरेलू उत्पाद / Gross Domestic Product at Market Price. GDPMP is GDP measured at market price. Remember MP means market price in exams.
Step 3
Exam Tip
GDPMP market price पर measured GDP है। परीक्षा में MP का अर्थ market price याद रखें।
A. साधन लागत पर सकल घरेलू उत्पाद/Gross Domestic Product at Factor Cost
Step 1
Concept
GDPFC is GDP measured at factor cost. Connect FC with factor cost in exams.
Step 2
Why this answer is correct
The correct answer is A. साधन लागत पर सकल घरेलू उत्पाद / Gross Domestic Product at Factor Cost. GDPFC is GDP measured at factor cost. Connect FC with factor cost in exams.
Step 3
Exam Tip
GDPFC factor cost पर measured GDP है। परीक्षा में FC को factor cost से जोड़ें।
A. क्योंकि यह वर्तमान सेवा है/Because it is a current service
Step 1
Concept
Dealer commission is current year service income. Separate old good value and service commission in exams.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह वर्तमान सेवा है / Because it is a current service. Dealer commission is current year service income. Separate old good value and service commission in exams.
Step 3
Exam Tip
Dealer commission current year service income है। परीक्षा में old good value और service commission को अलग करें।
Unemployment allowance is a transfer payment. Do not include payments received without productive service in GDP.
Step 2
Why this answer is correct
The correct answer is A. बेरोजगारी भत्ता / Unemployment allowance. Unemployment allowance is a transfer payment. Do not include payments received without productive service in GDP.
Step 3
Exam Tip
Unemployment allowance transfer payment है। परीक्षा में productive service के बिना मिले payment को GDP में include न करें।
Rent is a reward of the land factor, so it is factor income. Identify rent, wage, interest and profit in exams.
Step 2
Why this answer is correct
The correct answer is A. भूमि का किराया / Rent of land. Rent is a reward of the land factor, so it is factor income. Identify rent, wage, interest and profit in exams.
Step 3
Exam Tip
Rent land factor का reward है इसलिए factor income है। परीक्षा में rent, wage, interest और profit को पहचानें।
A. Reliable market valuation कठिन है/Reliable market valuation is difficult
Step 1
Concept
Market value of unpaid household work is difficult to determine. Keep non-market personal services separate.
Step 2
Why this answer is correct
The correct answer is A. Reliable market valuation कठिन है / Reliable market valuation is difficult. Market value of unpaid household work is difficult to determine. Keep non-market personal services separate.
Step 3
Exam Tip
Unpaid household work का market value तय करना कठिन होता है। परीक्षा में non-market personal services को अलग रखें।
A. किसान द्वारा अपने लिए रखी गई फसल का अनुमानित मूल्य/Imputed value of crop kept by farmer for self-use
Step 1
Concept
Self-consumed farm output is marketable production, so it can be included through imputed value. Separate own produced goods and unpaid services.
Step 2
Why this answer is correct
The correct answer is A. किसान द्वारा अपने लिए रखी गई फसल का अनुमानित मूल्य / Imputed value of crop kept by farmer for self-use. Self-consumed farm output is marketable production, so it can be included through imputed value. Separate own produced goods and unpaid services.
Step 3
Exam Tip
Self-consumed farm output marketable production है इसलिए imputed value से include हो सकता है। परीक्षा में own produced goods और unpaid services अलग करें।
Expenditure method includes consumption, investment, government expenditure and net exports. Subtract imports in exams.
Step 2
Why this answer is correct
The correct answer is A. (GDP=C+I+G+(X-M)). Expenditure method includes consumption, investment, government expenditure and net exports. Subtract imports in exams.
Step 3
Exam Tip
Expenditure method में consumption, investment, government expenditure और net exports शामिल होते हैं। परीक्षा में imports को subtract करें।
(C) shows final consumption expenditure of households. Treat consumer spending as (C) in exams.
Step 2
Why this answer is correct
The correct answer is A. Private final consumption expenditure. (C) shows final consumption expenditure of households. Treat consumer spending as (C) in exams.
Step 3
Exam Tip
(C) households के final consumption expenditure को दिखाता है। परीक्षा में consumer spending को (C) समझें।
(G) is government final consumption expenditure. Separate government purchases from transfer payments in exams.
Step 2
Why this answer is correct
The correct answer is A. Government final consumption expenditure. (G) is government final consumption expenditure. Separate government purchases from transfer payments in exams.
Step 3
Exam Tip
(G) government final consumption expenditure है। परीक्षा में government purchases को transfer payments से अलग करें।
A. क्योंकि वे घरेलू उत्पादन नहीं हैं/Because they are not domestic production
Step 1
Concept
Imports are foreign production, so they are subtracted from domestic output. Understand the logic of (X-M).
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वे घरेलू उत्पादन नहीं हैं / Because they are not domestic production. Imports are foreign production, so they are subtracted from domestic output. Understand the logic of (X-M).
Step 3
Exam Tip
Imports foreign production होते हैं, इसलिए domestic output से घटाए जाते हैं। परीक्षा में (X-M) का logic समझें।
A. क्योंकि यह transfer payment है/Because it is a transfer payment
Step 1
Concept
No current productive service is received in return for pension. Do not add transfer payments to GDP.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह transfer payment है / Because it is a transfer payment. No current productive service is received in return for pension. Do not add transfer payments to GDP.
Step 3
Exam Tip
Pension के बदले current productive service नहीं मिलती। परीक्षा में transfer payments को GDP में न जोड़ें।
A. Current final output के रूप में शामिल होगा/It will be included as current final output
Step 1
Concept
A new house is final capital output of the current year. Include new construction in exams.
Step 2
Why this answer is correct
The correct answer is A. Current final output के रूप में शामिल होगा / It will be included as current final output. A new house is final capital output of the current year. Include new construction in exams.
Step 3
Exam Tip
नया मकान current year का final capital output है। परीक्षा में new construction को include करें।
A. Nominal current prices पर, Real constant prices पर/Nominal at current prices, Real at constant prices
Step 1
Concept
Nominal GDP is at current prices and Real GDP is at constant prices. Identify price basis carefully.
Step 2
Why this answer is correct
The correct answer is A. Nominal current prices पर, Real constant prices पर / Nominal at current prices, Real at constant prices. Nominal GDP is at current prices and Real GDP is at constant prices. Identify price basis carefully.
Step 3
Exam Tip
Nominal GDP current prices और Real GDP constant prices पर होता है। परीक्षा में price basis को ध्यान से पहचानें।
A. \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\)
Step 1
Concept
In GDP deflator, nominal GDP is in numerator and real GDP in denominator. Do not forget to multiply by 100.
Step 2
Why this answer is correct
The correct answer is A. \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\). In GDP deflator, nominal GDP is in numerator and real GDP in denominator. Do not forget to multiply by 100.
Step 3
Exam Tip
GDP deflator में nominal GDP numerator में और real GDP denominator में होता है। परीक्षा में 100 से multiply करना न भूलें।
A. वास्तविक उत्पादन में वृद्धि/Increase in real output
Step 1
Concept
Real GDP shows output change at constant prices. Understand real growth as production growth.
Step 2
Why this answer is correct
The correct answer is A. वास्तविक उत्पादन में वृद्धि / Increase in real output. Real GDP shows output change at constant prices. Understand real growth as production growth.
Step 3
Exam Tip
Real GDP constant prices पर output change दिखाता है। परीक्षा में real growth को production growth समझें।
A. Prices या output दोनों में वृद्धि/Increase in prices or output or both
Step 1
Concept
Nominal GDP is at current prices, so both price and quantity affect it. Do not always treat nominal growth as real growth.
Step 2
Why this answer is correct
The correct answer is A. Prices या output दोनों में वृद्धि / Increase in prices or output or both. Nominal GDP is at current prices, so both price and quantity affect it. Do not always treat nominal growth as real growth.
Step 3
Exam Tip
Nominal GDP current prices पर होता है इसलिए price और quantity दोनों का प्रभाव आता है। परीक्षा में nominal growth को हमेशा real growth न मानें।
Per capita GDP is calculated by dividing total GDP by population. Treat it as average output per person.
Step 2
Why this answer is correct
The correct answer is A. \(GDP\ Per\ Capita=\frac{GDP}{Population}\). Per capita GDP is calculated by dividing total GDP by population. Treat it as average output per person.
Step 3
Exam Tip
Per capita GDP कुल GDP को population से divide करके निकाला जाता है। परीक्षा में इसे average output per person समझें।
A. Income inequality अधिक हो सकती है/Income inequality may be high
Step 1
Concept
GDP shows total output, not distribution. Treat inequality as a welfare limitation in exams.
Step 2
Why this answer is correct
The correct answer is A. Income inequality अधिक हो सकती है / Income inequality may be high. GDP shows total output, not distribution. Treat inequality as a welfare limitation in exams.
Step 3
Exam Tip
GDP total output दिखाता है, distribution नहीं। परीक्षा में inequality को welfare limitation समझें।
A. क्योंकि कई external costs market value में नहीं दिखते/Because many external costs do not appear in market value
Step 1
Concept
Negative externalities like pollution are not fully reflected in GDP. Distinguish output and welfare in exams.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि कई external costs market value में नहीं दिखते / Because many external costs do not appear in market value. Negative externalities like pollution are not fully reflected in GDP. Distinguish output and welfare in exams.
Step 3
Exam Tip
Pollution जैसी negative externalities GDP में पूरी तरह reflect नहीं होतीं। परीक्षा में output और welfare को अलग समझें।
A. विश्वसनीय data नहीं मिलता/Reliable data is not available
Step 1
Concept
Official and reliable records of illegal activities are difficult to get. Treat this as a measurement limitation.
Step 2
Why this answer is correct
The correct answer is A. विश्वसनीय data नहीं मिलता / Reliable data is not available. Official and reliable records of illegal activities are difficult to get. Treat this as a measurement limitation.
Step 3
Exam Tip
Illegal activities का official और reliable record मिलना कठिन होता है। परीक्षा में इसे measurement limitation मानें।
A. Domestic territory पर, national residents पर आधारित/Domestic is based on territory, national is based on residents
Step 1
Concept
GDP is based on domestic territory and GNP is based on residents. Remember NFIA adjustment between them.
Step 2
Why this answer is correct
The correct answer is A. Domestic territory पर, national residents पर आधारित / Domestic is based on territory, national is based on residents. GDP is based on domestic territory and GNP is based on residents. Remember NFIA adjustment between them.
Step 3
Exam Tip
GDP domestic territory पर based है और GNP residents पर based है। परीक्षा में दोनों के बीच NFIA adjustment याद रखें।
A. यह घरेलू क्षेत्र में final goods and services का gross value है/It is the gross value of final goods and services in domestic territory
Step 1
Concept
The basic idea of GDP is gross value of domestic final output. Remember gross, domestic and final output as three keywords.
Step 2
Why this answer is correct
The correct answer is A. यह घरेलू क्षेत्र में final goods and services का gross value है / It is the gross value of final goods and services in domestic territory. The basic idea of GDP is gross value of domestic final output. Remember gross, domestic and final output as three keywords.
Step 3
Exam Tip
GDP का basic idea domestic final output का gross value है। परीक्षा में gross, domestic और final output तीनों keywords याद रखें।
GNP (=GDP+NFIA=4200+(-200)=4000) crore. In exams apply the sign carefully while adding negative NFIA.
Step 2
Why this answer is correct
The correct answer is B. ₹4000 करोड़ / ₹4000 crore. GNP (=GDP+NFIA=4200+(-200)=4000) crore. In exams apply the sign carefully while adding negative NFIA.
Step 3
Exam Tip
GNP (=GDP+NFIA=4200+(-200)=4000) करोड़ होगा। परीक्षा में negative NFIA को जोड़ते समय sign ध्यान से लगाएं।
