CUET Economics - Identify which of the following statements is incorrect with reference to an economy? | PYQs + Solutions

CUET Economics 2025 2 June Shift 1

Macro

Medium

Sum of Gross Domestic Product (GDP) and Gross National Product (GNP) is always equal to zero.

Excess of Gross Domestic Product (GDP) over Gross National Product (GNP) is possible.

Equality between Gross Domestic Product (GDP) and Gross National Product (GNP) is possible.

Excess of Gross National Product (GNP) over Gross Domestic Product (GDP) is possible.

✅ Correct Option: 1

Related questions:

2 June Shift 1

Identify which of the following is not considered as 'Normal Resident' of India?

27 May Shift 2

Which statements are true in terms of basic national income aggregates:

(A) GNP at factor cost measures the value of output received by the factors of production belonging to a country in a year.

(B) GDP is the market value of all intermediate goods and final goods and services produced within a domestic territory of a country measured in a year.

(C) NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

(D) GDP at factor cost is gross domestic product at market prices, less net product taxes.

Choose the correct answer from the options given below:

29 May Shift 1

From the following, which will be included in the National Income?

CUET Economics 2025 2 June Shift 1 PYQs

Keyboard Shortcuts