UPSC 1997 › Indian Economy › National Income & Economic Growth

2 questions · 1997 · answers as per the UPSC key

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All years of National Income & Economic Growth · Full UPSC 1997 paper

The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of

(a) 15 to 20 per cent
(b) 20 to 25 per cent
(c) 25 to 30 per cent
(d) 30 to 35 per cent
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Answer: (b) 20 to 25 per cent

National Income is the

(a) Net National Product at market price
(b) Net National Product at factor cost
(c) Net Domestic Product at market price
(d) Net Domestic Product at factor cost
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Answer: (b) Net National Product at factor cost