UPSC 2001 › Indian Economy › National Income & Economic Growth

4 questions · 2001 · answers as per the UPSC key

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All years of National Income & Economic Growth · Full UPSC 2001 paper

The term National Income represents

(a) Gross National Product at market prices minus depreciation
(b) Gross National Product at market prices minus depreciation net factor income from abroad
(c) Gross National Product at market prices minus depreciation and indirect taxes subsidies
(d) Gross National Product at market prices minus net factor income from abroad
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Answer: (c) Gross National Product at market prices minus depreciation and indirect taxes subsidies

Consider the following States: I. Gujarat II. Karnataka III. Maharashtra IV. Tamil Nadu

The descending order of these States with reference to their level of Per Capita Net State Domestic Product is

(a) I, III, IV, II
(b) III, I, II, IV
(c) I, III, II, IV
(d) III, I, IV, II
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Answer: (b) III, I, II, IV

The most appropriate measure of a country’s economic growth is its

(a) Gross Domestic Product
(b) Net Domestic Product
(c) Net National Product
(d) Per Capita Real Income
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Answer: (d) Per Capita Real Income

The following table shows the percentage change in the consumption of electricity by five towns P, Q, R, S, T from 1986 to 1988: Town Per cent change from 1986 to 1987 From 1987 to 1988 P +8 −18 Q +15 −11 R +6 +9 S −7 −5 T +13 −6 If town T consumed 500,000 units in 1986, how much did it consume in 1988?

(a) 371,000 units
(b) 531,100 units
(c) 551,100 units
(d) 571,100 units
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Answer: (b) 531,100 units
This question uses a table or figure from the original paper that is not reproduced here.