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

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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 211/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

एक वस्तु की चालू मात्रा (250) इकाई चालू कीमत (₹18) और आधार कीमत (₹14) है। नाममात्र मूल्य कितना होगा?

A good has current quantity of (250) units current price of ₹18 and base price of ₹14. What is its nominal value?

Explanation opens after your attempt
Correct Answer

C. ₹4,500

Step 1

Concept

The nominal value is \(250\times18=4500\). Multiply current price by current quantity.

Step 2

Why this answer is correct

The correct answer is C. ₹4,500. The nominal value is \(250\times18=4500\). Multiply current price by current quantity.

Step 3

Exam Tip

नाममात्र मूल्य \(250\times18=4500\) रुपये है। चालू कीमत को चालू मात्रा से गुणा करें।

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Question 212/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

एक वस्तु की चालू मात्रा (250) इकाई चालू कीमत (₹18) और आधार कीमत (₹14) है। वास्तविक मूल्य कितना होगा?

A good has current quantity of (250) units current price of ₹18 and base price of ₹14. What is its real value?

Explanation opens after your attempt
Correct Answer

B. ₹3,500

Step 1

Concept

The real value is \(250\times14=3500\). Multiply base price by current quantity.

Step 2

Why this answer is correct

The correct answer is B. ₹3,500. The real value is \(250\times14=3500\). Multiply base price by current quantity.

Step 3

Exam Tip

वास्तविक मूल्य \(250\times14=3500\) रुपये है। आधार कीमत और चालू मात्रा का गुणन करें।

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Question 213/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

यदि नाममात्र सकल घरेलू उत्पाद (₹1{,}500) करोड़ और वास्तविक सकल घरेलू उत्पाद (₹1{,}250) करोड़ है तो सकल घरेलू उत्पाद अपस्फीतिक कितना होगा?

If nominal GDP is ₹1,500 crore and real GDP is ₹1,250 crore then what is the GDP deflator?

Explanation opens after your attempt
Correct Answer

C. 120

Step 1

Concept

The deflator is \(\frac{1500}{1250}\times100=120\). The price level is 20 percent above the base year.

Step 2

Why this answer is correct

The correct answer is C. 120. The deflator is \(\frac{1500}{1250}\times100=120\). The price level is 20 percent above the base year.

Step 3

Exam Tip

अपस्फीतिक \(=\frac{1500}{1250}\times100=120\)। कीमत स्तर आधार वर्ष से (20) प्रतिशत अधिक है।

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Question 214/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

यदि नाममात्र सकल घरेलू उत्पाद (₹1{,}080) करोड़ और सकल घरेलू उत्पाद अपस्फीतिक (120) है तो वास्तविक सकल घरेलू उत्पाद कितना होगा?

If nominal GDP is ₹1,080 crore and the GDP deflator is (120) then what is real GDP?

Explanation opens after your attempt
Correct Answer

B. ₹900 करोड़₹900 crore

Step 1

Concept

Real GDP is \(\frac{1080\times100}{120}=900\) crore. Adjust nominal value using the deflator.

Step 2

Why this answer is correct

The correct answer is B. ₹900 करोड़ / ₹900 crore. Real GDP is \(\frac{1080\times100}{120}=900\) crore. Adjust nominal value using the deflator.

Step 3

Exam Tip

वास्तविक सकल घरेलू उत्पाद \(=\frac{1080\times100}{120}=900\) करोड़ रुपये। अपस्फीतिक से नाममात्र मूल्य को समायोजित करें।

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Question 215/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

यदि वास्तविक सकल घरेलू उत्पाद (₹2{,}400) करोड़ और सकल घरेलू उत्पाद अपस्फीतिक (115) है तो नाममात्र सकल घरेलू उत्पाद कितना होगा?

If real GDP is ₹2,400 crore and the GDP deflator is (115) then what is nominal GDP?

Explanation opens after your attempt
Correct Answer

D. ₹2,760 करोड़₹2,760 crore

Step 1

Concept

Nominal GDP is \(\frac{2400\times115}{100}=2760\) crore. Multiply real value by the deflator.

Step 2

Why this answer is correct

The correct answer is D. ₹2,760 करोड़ / ₹2,760 crore. Nominal GDP is \(\frac{2400\times115}{100}=2760\) crore. Multiply real value by the deflator.

Step 3

Exam Tip

नाममात्र सकल घरेलू उत्पाद \(=\frac{2400\times115}{100}=2760\) करोड़ रुपये। वास्तविक मूल्य को अपस्फीतिक से गुणा करें।

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Question 216/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

यदि नाममात्र और वास्तविक सकल घरेलू उत्पाद दोनों (₹2{,}000) करोड़ हों तो सकल घरेलू उत्पाद अपस्फीतिक कितना होगा?

If both nominal and real GDP are ₹2,000 crore then what will be the GDP deflator?

Explanation opens after your attempt
Correct Answer

B. 100

Step 1

Concept

When both are equal the ratio is (1). Therefore the deflator is (100).

Step 2

Why this answer is correct

The correct answer is B. 100. When both are equal the ratio is (1). Therefore the deflator is (100).

Step 3

Exam Tip

दोनों के बराबर होने पर अनुपात (1) होता है। इसलिए अपस्फीतिक (100) होगा।

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Question 217/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

यदि नाममात्र सकल घरेलू उत्पाद वास्तविक सकल घरेलू उत्पाद से कम है तो सामान्यतः क्या संकेत मिलता है?

If nominal GDP is lower than real GDP then what does it generally indicate?

Explanation opens after your attempt
Correct Answer

B. चालू कीमतें आधार कीमतों से कम हैंCurrent prices are below base prices

Step 1

Concept

A lower nominal value generally means the current price level is below the base year. The deflator is below (100).

Step 2

Why this answer is correct

The correct answer is B. चालू कीमतें आधार कीमतों से कम हैं / Current prices are below base prices. A lower nominal value generally means the current price level is below the base year. The deflator is below (100).

Step 3

Exam Tip

नाममात्र मूल्य कम होने का सामान्य अर्थ है कि चालू कीमत स्तर आधार वर्ष से कम है। इस स्थिति में अपस्फीतिक (100) से कम होता है।

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Question 218/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

आर्थिक वृद्धि मापने के लिए नाममात्र सकल घरेलू उत्पाद की तुलना में वास्तविक सकल घरेलू उत्पाद बेहतर क्यों है?

Why is real GDP better than nominal GDP for measuring economic growth?

Explanation opens after your attempt
Correct Answer

A. यह कीमत परिवर्तन को अलग करता हैIt separates price changes

Step 1

Concept

Real GDP is measured at constant prices. Therefore its growth better reflects actual output growth.

Step 2

Why this answer is correct

The correct answer is A. यह कीमत परिवर्तन को अलग करता है / It separates price changes. Real GDP is measured at constant prices. Therefore its growth better reflects actual output growth.

Step 3

Exam Tip

वास्तविक सकल घरेलू उत्पाद स्थिर कीमतों पर मापा जाता है। इसलिए इसकी वृद्धि वास्तविक उत्पादन वृद्धि को बेहतर दर्शाती है।

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Question 219/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

नाममात्र सकल घरेलू उत्पाद को वास्तविक सकल घरेलू उत्पाद में बदलने के लिए किसका उपयोग किया जाता है?

What is used to convert nominal GDP into real GDP?

Explanation opens after your attempt
Correct Answer

B. सकल घरेलू उत्पाद अपस्फीतिकGDP deflator

Step 1

Concept

The GDP deflator adjusts for price changes. It converts nominal GDP into real terms.

Step 2

Why this answer is correct

The correct answer is B. सकल घरेलू उत्पाद अपस्फीतिक / GDP deflator. The GDP deflator adjusts for price changes. It converts nominal GDP into real terms.

Step 3

Exam Tip

सकल घरेलू उत्पाद अपस्फीतिक कीमत परिवर्तन को समायोजित करता है। इसी से नाममात्र सकल घरेलू उत्पाद को वास्तविक रूप में बदला जाता है।

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Question 220/599 Medium Economics National Income and Related Aggregates Real GDP and Nominal GDP Class 12 Level 38

नाममात्र सकल घरेलू उत्पाद का अन्य प्रचलित नाम क्या है?

What is another common name for nominal GDP?

Explanation opens after your attempt
Correct Answer

B. चालू कीमतों पर सकल घरेलू उत्पादGDP at current prices

Step 1

Concept

Nominal GDP is measured at current-year prices. Therefore it is called GDP at current prices.

Step 2

Why this answer is correct

The correct answer is B. चालू कीमतों पर सकल घरेलू उत्पाद / GDP at current prices. Nominal GDP is measured at current-year prices. Therefore it is called GDP at current prices.

Step 3

Exam Tip

नाममात्र सकल घरेलू उत्पाद चालू वर्ष की कीमतों पर मापा जाता है। इसलिए इसे चालू कीमतों पर सकल घरेलू उत्पाद कहते हैं।

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