Macro

National Income

Easy

The index of prices of a given basket of commodities which are bought by the representative consumers is called ?

Consumer Price Index.

Wholesale Price Index.

Index on industrial production

Dollar Price Index

✅ Correct Option: 1

The Consumer Price Index (CPI) is the index of prices of a given basket of commodities bought by the representative consumer. The Wholesale Price Index tracks prices at the wholesale level, and the index of industrial production measures physical output, not prices. Hence option 1.

2022: 16 July Shift 2

Which of the following is a factor income?

2025: 28 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Not pass through any more stages of production or transformations	(I) Capital goods
(B) Consumed when purchased by their ultimate consumers	(II) Intermediate goods
(C) Gradually undergo wear and tear	(III) Final goods
(D) Used by other producers as material inputs	(IV) Consumption goods

Choose the correct answer from the options given below:

2025: 28 May Shift 1

Which government body is responsible for reporting GDP in India ?

Department of Revenue
Central Board of Direct Taxes
Central Statistics Office
Niti Ayog

2025: 3 June Shift 1

Which of the following is added in the estimation of national income?

2026: 19 May Shift 2

Find the example of final expenditure among the following.

2026: 20 May Shift 1

On the basis of given information calculate the value of National Income:

Particulars	Amount (in Rs. crore)
Sales	1000
Depreciation	250
Rent	150
Intermediate consumption	350
N I T	100
NFIA	-50

The index of prices of a given basket of commodities which are bought by the representative consumers is called ?

Solution

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