Macro

National Income

Medium

Match List-I with List-II

List-I List-II
(A) GNPmp (I) GNPmp - Depreciation
(B) NNPmp (II) Net National Product at market prices + Other current transfers from the rest of the world
(C) National Disposable Income (III) GDPmp + Net factor income from abroad
(D) GDP deflator (IV) Nominal GDP / Real GDP

Choose the correct answer from the options given below:

List-I	List-II
(A) GNPmp	(I) GNPmp - Depreciation
(B) NNPmp	(II) Net National Product at market prices + Other current transfers from the rest of the world
(C) National Disposable Income	(III) GDPmp + Net factor income from abroad
(D) GDP deflator	(IV) Nominal GDP / Real GDP

(A) - (IV), (B) - (II), (C) - (III), (D) - (I)

(A) - (II), (B) - (I), (C) - (III), (D) - (IV)

(A) - (III), (B) - (I), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

✅ Correct Option: 3

$GNP_{mp} = GDP_{mp} +$ net factor income from abroad, so (A)-(III). $NNP_{mp} = GNP_{mp} -$ depreciation, so (B)-(I). National Disposable Income $= NNP_{mp} +$ other current transfers from the rest of the world, so (C)-(II). GDP deflator $=$ Nominal GDP / Real GDP, so (D)-(IV). This gives option 3.

2023: 30 May Shift 1

What will be the GDP by Income Method in crore ?

	Firm A	Firm B
Wages	20	60
Profits	30	90

2026: 21 May Shift 1

Match List-I with List-II

List-I	List-II
(A) GDP	(I) NDP $_{MP}$ + NFIA
(B) GDP $_{FC}$	(II) C+I+G+X-M
(C) NDP $_{MP}$	(III) GDP $_{MP}$ - Depreciation
(D) NNP $_{MP}$	(IV) GDP $_{MP}$ - NIT

Choose the correct answer from the options given below:

2025: 26 May Shift 2

The value of the nominal GNP of an economy was Rs 5000 crores in a particular year. The value of GNP of that country during the same year, evaluated at the prices of same base year, was Rs 6000 crores. What is the value of the GNP deflator of the year.

2023: 1 June Shift 1

To find Gross value added, arrange the following in sequence :

(A) Import

(B) Export

(D) Domestic purchase of Raw material

(E) Change in inventories

Choose the correct answer from the options given below :

2022: 16 July Shift 2

If NNPMP=Rs. 5,330, indirect tax=Rs. 1,770 and consumption of fixed capital = Rs. 1,550 then GNPFC will be x. The value of x is.

2026: 15 May Shift 1

The Central Statistics Office (CSO) of the Government of India has been reporting the GDP at factor cost and at market prices. In its revision in January, 2015 the CSO replaced GDP at factor cost with __________

Solution

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