National Income & Growth PYQs

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1. Prelims 2000Q94National Income & Growth

   In an open economy, the national income (Y) of the economy is: (C, I, G, X, M stand for Consumption, Investment, Government Expenditure, total exports and total imports respectively.)

   aY = C + I + G + XbY = C + I + G – X + McY = C + I + G + (X – M)dY = C + I – G + X – M
2. Prelims 1999Q12National Income & Growth

   Consider the following statements:

   Regional disparities in India are high and have been rising in recent years because

   1.There is persistent investment over time only in select locales.

   2.Some areas are agro-climatically less conducive to development.

   3.Some areas continue to face little or no agrarian transformation and the consequent lack of social and economic opportunities.

   4.Some areas have faced continuous political instability.

   Which of the above statements are correct?

   a1, 2 and 3b1, 3 and 4c2, 3 and 4d1, 2 and 4
3. Prelims 1999Q95National Income & Growth

   Since 1980, the share of the tertiary sector in the total GDP of India has

   ashown an increasing trendbshown a decreasing trendcremained constantdbeen fluctuating
4. Prelims 1998Q17National Income & Growth

   A consumer is said to be in equilibrium, if

   ahe is able to fulfil his need with a given level of incomebhe is able to live in full comforts with a given level of incomeche can fulfil his needs without consumption of certain itemsdhe is able to locate new sources of income
5. Prelims 1998Q20National Income & Growth

   The supply-side economics lays greater emphasis on the point of view of the

   aproducerbglobal economycconsumerdmiddle-man
6. Prelims 1998Q43National Income & Growth

   Human Poverty Index was introduced in the Human Development Report of the year

   a1994b1995c1996d1997
7. Prelims 1997Q5National Income & Growth

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

   a15 to 20 per centb20 to 25 per centc25 to 30 per centd30 to 35 per cent
8. Prelims 1997Q46National Income & Growth

   Human Development Index comprises literacy rates, life expectancy at birth and

   aGross Domestic Product per head in US dollarsbGross Domestic Product per head at real purchasing powercGross National Product in US dollarsdNational Income per head in US dollars
9. Prelims 1997Q99National Income & Growth

   National Income is the

   aNet National Product at market pricebNet National Product at factor costcNet Domestic Product at market pricedNet Domestic Product at factor cost
10. Prelims 1996Q27National Income & Growth

    Which one of the following is correct regarding stabilization and structural adjustment as two components of the new economic policy adopted in India?

    aStabilization is a gradual, multi-step process while structural adjustment is a quick adaptation processbStructural adjustment is a gradual, multi-step process, while stabilization is a quick adaptation processcStabilization and structural adjustment are very similar and complementary policies. It is difficult to separate one from the otherdStabilization mainly deals with a set of policies which are to be implemented by the Central Government while structural adjustment is to be set in motion by the State Governments
11. Prelims 1996Q70National Income & Growth

    Assertion (A): Though India’s national income has gone up several fold since 1947, there has been no marked improvement in the per capita income level.

    Reason (R): Sizeable proportion of the population of India is still living below the poverty line.

    In the context of the above two statements which one of the following is correct?

    aBoth A and R are true and R is the correct explanation of AbBoth A and R are true but R is not a correct explanation of AcA is true but R is falsedA is false but R is true
12. Prelims 1995Q92National Income & Growth

    The main reason for low growth rate in India, in spite of high rate of savings and capital formation is

    ahigh birth rateblow level of foreign aidclow capital / output ratiodhigh capital / output ratio