CUET Economics Macro > National Income PYQs

Goods and Services Market.

Factors of Production Market.

Product Market.

Financial Market.

Real GDP.

GDP Deflator.

Constant Prices.

Nominal GDP.

(A), (C) and (D) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

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

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

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

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

$135.29$

$1350$

$600$

$139.29$

₹ 700 crore

₹ 900 crore

₹ 800 crore

₹ 500 crore

Reduction in income inequality.

Rapid growth of infrastructure.

Expansion of environmentally harmful industries.

Increased government investment in education and healthcare.

(D), (B), (C), (A)

(B), (C), (D), (A)

(C), (A), (D), (B)

(C), (B), (D), (A)

Payment of an interest by an individual to a bank.

Bonus paid to employees.

National debt interest.

Payment of corporate tax by a firm.

Production of durable goods.

Value of output - intermediate consumption.

Production of non durable goods.

Expenditure on intermediate goods.

An Indian citizen working in USA embassy located at New Delhi.

An Indian official working in Indian embassy in China.

An Indian diplomat visiting Canada for a conference.

An Indian working in an American company located in New York for a period of more than 1 year.

(A), (B), (D), (C)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

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.

(B), (C), (A), (D)

(A), (B), (C), (D)

(B), (C), (D), (A)

(C), (B), (D), (A)

0.9

1.1

1

0.8

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

(A), (B) and (D) only

Profit.

Interest.

Subsidies.

Capital.

Asset Appreciation.

Consumption.

Stock.

Investment.

Product Method.

Income Method.

Gross Value Added Method.

Expenditure Method.

(B) and (C) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(A), (B) and (D) only

Unsold finished, or semifinished goods which a firm carries to the next year.

Inventory may have a higher value at the end of the year.

The change of inventories of a firm during a year = production – Sale

It is a flow variable.

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

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

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

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

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Rs 2.073 Cr

Rs 2.73 Cr

Rs 12.73 Cr

• Rs 2.730 Cr

1.405

1.046

1.45

1.46

Consider for how long the resources are held.

Consider how these resources are used in generating a continuous flow of income and wealth.

Consider whether the possession of resources is increasing with the passage of time or not.

Consider whether the resources fulfill the need for next 10 years or not.

Gross Investment.

Interest on capital.

Net Investment.

Investment Expenditure.

(A), (B) and (D) only

(B) and (D) only

(A), (C) and (D) only

(A), (B) and (C) only

Brokerage for facilitating sale of old car.

Interest paid by production units to households.

Payment of GST by firms to the government.

Interest paid by banks on deposits by individuals.

(A) - (i), (B) - (ii), (C) - (III), (D) - (IV)

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

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

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

(A), (B), (C), (D)

(A), (D), (C), (B)

(B), (A), (D), (C)

(A), (C), (D), (B)

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

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

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

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

₹ 4,000

₹ 2,000

₹ 3,000

₹ 1,500

Inventory investment.

Fixed investment.

Gross investment.

Gross Domestic capital formation.

Annual Expenditure of a school.

Distance between Punjab and Haryana.

Bank balance of Mr. Mukesh as on 31st March 2023.

Investment of Mr. Mohit as on 31st December 2023.

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Rent received from commercial banks located in Delhi.

Salary received by an Indian from any foreign embassy.

Direct purchases by foreigners from Indian markets.

Purchase of new shares of domestic company.

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

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

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

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

(A), (B) and (D) only

(A), (C) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Passes through the stages of production.

Undergo transformation by the action of the retailer.

A product that will not pass through any more stages of production or transformation.

Resale of the product by traders.

Social security contributions by employees.

Expenditure on procuring the building materials for maintenance.

Expenditure on adding a floor to the building.

Payment of interest on a loan taken by an employee from the employer.

Income.

Capital.

Production of Bricks.

Capital Formation.

Capital Goods.

Consumer Goods.

Intermediate Goods.

Giffen Goods.

200 Crores.

160 Crores.

240 Crores.

180 Crores.

(B), (C), (A), (D)

(A), (B), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Rs 1000 per year.

Rs 900 per year.

Rs 700 per year.

Rs 100 per year.

National Disposable Income.

Private Income.

National debt interest.

Current transfers from government.

50 percent.

150 percent.

10 percent.

100 percent.

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

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

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

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

Department of Revenue

Central Board of Direct Taxes

Central Statistics Office

Niti Ayog

The part of Aggregate Income which belongs to the household.

The part of Aggregate Income which belongs to the Government.

The part of Aggregate Income which belongs to the firm.

The part of Aggregate Income which belongs to the rest of the world.

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

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

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

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

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Product method measures the aggregate value of final goods and services produced by all the firms.

Income method measures the sum total of consumption expenditure.

Product method refers to the final consumption expenditure on the goods and services produced by the firm.

Income method refers to the fixed cost of the goods and services produced by the firm.

In order to compare the GDP figures of the same countries at different points of time, nominal GDP is used.

In order to compare the GDP figures of different countries, real GDP is used.

Flows are defined at a particular point of time.

Stocks are defined over a period of time.

Customer Index Pricing

Consumer Index Pricing

Consumer Price Index

Customer Price Index

Gross Domestic Product at market price less net product taxes.

Market value of all final goods and services produced within a domestic territory of a country measured in a given financial year.

Expenditure to maintain the current GDP level.

Income earned by factors in the form of interest, profit, wages within the domestic territory of a country.

(A), (B), (C) and (D)

(A), (B) and (D) only

(B), (C) and (D) only

(A), (C) and (D) only

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

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

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

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

Expenditure.

Shortage.

Deduction.

Depreciation.

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

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

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

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

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Net current transfers by the government to the households.

Net remittances received by households from rest of the world.

Net tax payments by the households.

Nothing is to be subtracted as personal income is same as personal disposable income.

120

83.33

100

125

186

1800

2496

2539

(A), (B) and (D) only

(A), (B) and (C) only

(A) and (B) only

(C) and (D) only

Government and household sector.

Firms and government.

Firms, government and household sector.

Firms, government, household sector and trade.

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

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

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

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

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Net value added.

Value added.

Gross value added.

Gross domestic product.

Rs. 90 per year.

Rs. 100 per year.

Rs. 70 per year.

Rs. 80 per year.

National disposable Income.

Real GDP.

Nominal GDP.

GNP_MP.

Personal Disposable Income.

Personal Income.

Gross National Income.

Net National Income.

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Consumption Goods.

Final Goods.

Intermediate Goods.

Capital Goods.

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

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

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

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

(A) and (B) only

(A) and (C) only

(A), (C) and (D) only

(B) and (D) only

(A), (D), (C), (B)

(A), (C), (B), (D)

(B), (A), (D), (C)

(A), (C), (D), (B)

Current transfers to the rest of the world

Profits of the firm net of corporate taxes

Other current transfers from the rest of the world

profits of the firm net of retained earnings

Chalks used in a private school.

Seeds used by a farmer.

Rice purchased from a grocery store by a restaurant

Car used as a taxi by a person

(B) and (C) only

(A), (B) and (D) only

(A) and (B) only

(A) and (C) only

₹700 million

₹800 million

₹900 million

₹1000 million

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

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

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

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

Russian embassy located in India

Indian embassy located in Japan

A cargo ship operated by a French parked in Vishakhapatnam

An army base operated by the USA in India.

(A), (C) and (D) only

(A), (B) and (C) only

(A), (B) and (D) only

(B), (C) and (D) only

-700

700

850

-850

GNPMP is the value of all the final goods and services that are produced within the economic territory of India and is measured at the market prices, in a year.

GNPMP is the value of all the final goods and services that are produced by the normal residents of India and is measured at the market prices, in a year.

GNPMP is the value of the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

GNPMP is the market value of all final goods and services produced within a domestic territory of a country measured in a month.

Rs 3615 crore

Rs 3820 crore

Rs 3855 crore

Rs 3340 crore

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

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

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

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

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

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

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

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

Add depreciation and add Net Factor Income From Abroad.

Subtract depreciation and add Net Indirect Taxes.

Add depreciation and subtract Net Factor Income From Abroad.

Subtract depreciation and subtract Net Factor Income From Abroad.

Gross investment

Net investment

Depreciation

Inventory investment

(D), (B), (C), (A)

(B), (C), (D), (A)

(B), (A), (D), (C)

(C), (B), (D), (A)

A car purchased by a taxi driver is a capital good.

A television purchased by a family is a capital good.

Copper used in making utensils is a capital good.

Computers purchased by an educational institution are intermediate goods.

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only