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Economics Real GDP and Nominal GDP MCQ Questions for Class 12 Humanities

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16 topics
01 Practice Topic What is Macroeconomics? 600 MCQs 02 Practice Topic Consumption goods, capital goods, final goods, intermediate goods 600 MCQs 03 Practice Topic Stocks and flows 600 MCQs 04 Practice Topic Gross investment and depreciation 600 MCQs 05 Practice Topic Circular flow of income: two-sector model 600 MCQs 06 Practice Topic Methods of calculating national income - Value Added/Product Method 400 MCQs 07 Practice Topic Methods of calculating national income - Expenditure Method 400 MCQs 08 Practice Topic Methods of calculating national income - Income Method 400 MCQs

Real GDP and Nominal GDP Practice Questions

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Question 101/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

नाममात्र सकल घरेलू उत्पाद किस प्रकार की कीमतों पर आधारित होता है?

Nominal GDP is based on which type of prices?

Explanation opens after your attempt
Correct Answer

A. चालू कीमतों परCurrent prices

Step 1

Concept

Nominal GDP is measured at current year prices. Remember it as output valued at current prices.

Step 2

Why this answer is correct

The correct answer is A. चालू कीमतों पर / Current prices. Nominal GDP is measured at current year prices. Remember it as output valued at current prices.

Step 3

Exam Tip

नाममात्र सकल घरेलू उत्पाद चालू वर्ष की कीमतों पर मापा जाता है। इसे वर्तमान कीमत वाला उत्पादन समझें।

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Question 102/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

वास्तविक सकल घरेलू उत्पाद किस प्रकार की कीमतों पर आधारित होता है?

Real GDP is based on which type of prices?

Explanation opens after your attempt
Correct Answer

B. स्थिर आधार वर्ष की कीमतों परConstant base year prices

Step 1

Concept

Real GDP is measured at constant base year prices. This removes the effect of price changes.

Step 2

Why this answer is correct

The correct answer is B. स्थिर आधार वर्ष की कीमतों पर / Constant base year prices. Real GDP is measured at constant base year prices. This removes the effect of price changes.

Step 3

Exam Tip

वास्तविक सकल घरेलू उत्पाद आधार वर्ष की स्थिर कीमतों पर मापा जाता है। इससे कीमतों का प्रभाव हटता है।

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Question 103/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

वास्तविक सकल घरेलू उत्पाद में वृद्धि मुख्यतः क्या दर्शाती है?

What does an increase in real GDP mainly indicate?

Explanation opens after your attempt
Correct Answer

A. वास्तविक उत्पादन में वृद्धिIncrease in real output

Step 1

Concept

Real GDP reflects changes in quantity. Therefore its rise indicates higher real output.

Step 2

Why this answer is correct

The correct answer is A. वास्तविक उत्पादन में वृद्धि / Increase in real output. Real GDP reflects changes in quantity. Therefore its rise indicates higher real output.

Step 3

Exam Tip

वास्तविक सकल घरेलू उत्पाद मात्रा में बदलाव को दिखाता है। इसलिए इसकी वृद्धि वास्तविक उत्पादन बढ़ने का संकेत है।

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Question 104/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

मुद्रास्फीति का प्रभाव हटाने के लिए कौन सा माप अधिक उपयोगी है?

Which measure is more useful for removing the effect of inflation?

Explanation opens after your attempt
Correct Answer

B. वास्तविक सकल घरेलू उत्पादReal GDP

Step 1

Concept

Real GDP is measured at constant prices. Therefore it removes the effect of inflation.

Step 2

Why this answer is correct

The correct answer is B. वास्तविक सकल घरेलू उत्पाद / Real GDP. Real GDP is measured at constant prices. Therefore it removes the effect of inflation.

Step 3

Exam Tip

वास्तविक सकल घरेलू उत्पाद स्थिर कीमतों पर मापा जाता है। इसलिए यह मुद्रास्फीति का प्रभाव हटाता है।

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Question 105/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

सकल घरेलू उत्पाद अपस्फीतिकारक में अंश में क्या आता है?

What appears in the numerator of the GDP deflator formula?

Explanation opens after your attempt
Correct Answer

B. नाममात्र सकल घरेलू उत्पादNominal GDP

Step 1

Concept

Nominal GDP is in the numerator of the deflator formula. The formula is \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\).

Step 2

Why this answer is correct

The correct answer is B. नाममात्र सकल घरेलू उत्पाद / Nominal GDP. Nominal GDP is in the numerator of the deflator formula. The formula is \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\).

Step 3

Exam Tip

अपस्फीतिकारक के सूत्र में अंश नाममात्र सकल घरेलू उत्पाद होता है। सूत्र \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\) है।

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Question 106/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

सकल घरेलू उत्पाद अपस्फीतिकारक में हर में क्या आता है?

What appears in the denominator of the GDP deflator formula?

Explanation opens after your attempt
Correct Answer

B. वास्तविक सकल घरेलू उत्पादReal GDP

Step 1

Concept

Real GDP is in the denominator of the deflator formula. Remember the order of numerator and denominator.

Step 2

Why this answer is correct

The correct answer is B. वास्तविक सकल घरेलू उत्पाद / Real GDP. Real GDP is in the denominator of the deflator formula. Remember the order of numerator and denominator.

Step 3

Exam Tip

अपस्फीतिकारक के सूत्र में हर वास्तविक सकल घरेलू उत्पाद होता है। अंश और हर का क्रम याद रखें।

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Question 107/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि नाममात्र सकल घरेलू उत्पाद ₹7,200 करोड़ और वास्तविक सकल घरेलू उत्पाद ₹6,000 करोड़ है तो अपस्फीतिकारक कितना होगा?

If nominal GDP is ₹7,200 crore and real GDP is ₹6,000 crore what will be the deflator?

Explanation opens after your attempt
Correct Answer

C. 120

Step 1

Concept

The deflator \(=\frac{7200}{6000}\times100=120\). It shows a price level 20 percent above the base year.

Step 2

Why this answer is correct

The correct answer is C. 120. The deflator \(=\frac{7200}{6000}\times100=120\). It shows a price level 20 percent above the base year.

Step 3

Exam Tip

अपस्फीतिकारक \(=\frac{7200}{6000}\times100=120\)। यह 20 प्रतिशत अधिक मूल्य स्तर दिखाता है।

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Question 108/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि नाममात्र सकल घरेलू उत्पाद ₹10,500 करोड़ और वास्तविक सकल घरेलू उत्पाद ₹10,000 करोड़ है तो अपस्फीतिकारक कितना होगा?

If nominal GDP is ₹10,500 crore and real GDP is ₹10,000 crore what will be the deflator?

Explanation opens after your attempt
Correct Answer

B. 105

Step 1

Concept

The deflator \(=\frac{10500}{10000}\times100=105\). The price level is 5 percent above the base year.

Step 2

Why this answer is correct

The correct answer is B. 105. The deflator \(=\frac{10500}{10000}\times100=105\). The price level is 5 percent above the base year.

Step 3

Exam Tip

अपस्फीतिकारक \(=\frac{10500}{10000}\times100=105\)। मूल्य स्तर आधार वर्ष से 5 प्रतिशत अधिक है।

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Question 109/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि नाममात्र सकल घरेलू उत्पाद ₹11,400 करोड़ और वास्तविक सकल घरेलू उत्पाद ₹12,000 करोड़ है तो अपस्फीतिकारक कितना होगा?

If nominal GDP is ₹11,400 crore and real GDP is ₹12,000 crore what will be the deflator?

Explanation opens after your attempt
Correct Answer

C. 95

Step 1

Concept

The deflator \(=\frac{11400}{12000}\times100=95\). It shows a price level 5 percent below the base year.

Step 2

Why this answer is correct

The correct answer is C. 95. The deflator \(=\frac{11400}{12000}\times100=95\). It shows a price level 5 percent below the base year.

Step 3

Exam Tip

अपस्फीतिकारक \(=\frac{11400}{12000}\times100=95\)। यह आधार वर्ष से 5 प्रतिशत कम मूल्य स्तर दिखाता है।

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Question 110/599 Easy Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 39

यदि वास्तविक सकल घरेलू उत्पाद ₹9,000 करोड़ और अपस्फीतिकारक 120 है तो नाममात्र सकल घरेलू उत्पाद कितना होगा?

If real GDP is ₹9,000 crore and the deflator is 120 what will be nominal GDP?

Explanation opens after your attempt
Correct Answer

C. ₹10,800 करोड़₹10,800 crore

Step 1

Concept

Nominal GDP \(=\frac{120\times9000}{100}=10800\) crore. Apply the deflator to real GDP.

Step 2

Why this answer is correct

The correct answer is C. ₹10,800 करोड़ / ₹10,800 crore. Nominal GDP \(=\frac{120\times9000}{100}=10800\) crore. Apply the deflator to real GDP.

Step 3

Exam Tip

नाममात्र सकल घरेलू उत्पाद \(=\frac{120\times9000}{100}=10800\) करोड़। अपस्फीतिकारक को वास्तविक सकल घरेलू उत्पाद पर लागू करें।

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