UPSC CSE Prelims

National Income and Growth question bank (Indian Economy)

Practice 458 free UPSC CSE Prelims Indian Economy - National Income and Growth questions with answers and step-by-step solutions.

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Q1.

Which of the following best defines Gross Domestic Product (GDP)?

Topic: GDP, GNP and NNP | Source: AI Generated (UPSC CSE Prelims) | Status: pending review

(A)
Total value of all goods and services produced by citizens of a country living anywhere in the world.
(B)
Total monetary value of all final goods and services produced within the domestic territory of a country during a given year.
(C)
Total value of all raw materials and intermediate goods produced in a country.
(D)
Total income earned by the government through taxation in a financial year.
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Q2.

What is the primary difference between Gross Domestic Product (GDP) and Gross National Product (GNP)?

Topic: GDP, GNP and NNP | Source: AI Generated (UPSC CSE Prelims) | Status: pending review

(A)
Depreciation
(B)
Net Indirect Taxes
(C)
Net Factor Income from Abroad (NFIA)
(D)
Subsidies provided by the government
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