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Who prepared the first estimate of National Income for the country ?
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- Central Statistical Organisation
- National Income Committee
- Dadabhai Naoroji
- National Sample Survey Organisation
- Central Statistical Organisation
Correct Option: C
Dadabhai Naoroji prepared the first estimates of National income in 1876. He estimated the national income by first estimating the value of agricultural production and then adding a certain percentage as non agricultural production. However, such method can only been called as a non-scientific method. The first person to adopt a scientific procedure in estimating the national income was Dr. VKRV Rao in 1931.
