National Income is the money value of all goods and services produced in a country during a year. The income method of the calculation of National Income adds up all incomes received by the factors of production generated in the economy during a year. This includes wages from employment and selfemployment, profits to firms, interest to lenders of capital and rents to owners of land.

Correct Option: D

National Income is the money value of all goods and services produced in a country during a year. The income method of the calculation of National Income adds up all incomes received by the factors of production generated in the economy during a year. This includes wages from employment and selfemployment, profits to firms, interest to lenders of capital and rents to owners of land.

National Income is essentially what a country produces in a given year. It takes into account the value of all the goods and services in an economy. The term is interchangeable with Gross Domestic Product (GDP) The services industry accounted for over 57% of India's gross domestic product in 20102011 and is by far the largest.

Correct Option: C

National Income is essentially what a country produces in a given year. It takes into account the value of all the goods and services in an economy. The term is interchangeable with Gross Domestic Product (GDP) The services industry accounted for over 57% of India's gross domestic product in 20102011 and is by far the largest.

Large quantity of imports of India comes from OPEC countries like Saudi Arabia, Iran, Brazil, etc. Normally, this group accounts for more than 25 per cent of India's imports. As per the Economic Survey 2011-2012, United Arab Emirates and Saudi Arabia were the major exporters to India. India's foreign trade with developing countries has been on the rise. Share of these countries in India's import trade has increased to over 31 per cent.

Correct Option: C

Large quantity of imports of India comes from OPEC countries like Saudi Arabia, Iran, Brazil, etc. Normally, this group accounts for more than 25 per cent of India's imports. As per the Economic Survey 2011-2012, United Arab Emirates and Saudi Arabia were the major exporters to India. India's foreign trade with developing countries has been on the rise. Share of these countries in India's import trade has increased to over 31 per cent.

Jawahar Gram Samridhi Yojana (JGSY) is the restructured, streamlined and comprehensive version of the erstwhile Jawahar Rozgar Yojana (JRY). It was launched on 1st April, 1999. It has been designed to improve the quality of life of the rural poor by providing them additional gainful employment.

Correct Option: B

Jawahar Gram Samridhi Yojana (JGSY) is the restructured, streamlined and comprehensive version of the erstwhile Jawahar Rozgar Yojana (JRY). It was launched on 1st April, 1999. It has been designed to improve the quality of life of the rural poor by providing them additional gainful employment.

Tata Power, in March 2012, synchronized the second unit of its Maithon power project in Jharkhand. With this 525 megawatt (Mw) unit, the company has a total power generation capacity of 5,297 Mw, making it the country’s largest private sector power generating firm. The Maithon project's first unit was commissioned in September 2011. It is a 74:26 joint venture between Tata Power and Damodar Valley Corporation.

Correct Option: E

Tata Power, in March 2012, synchronized the second unit of its Maithon power project in Jharkhand. With this 525 megawatt (Mw) unit, the company has a total power generation capacity of 5,297 Mw, making it the country’s largest private sector power generating firm. The Maithon project's first unit was commissioned in September 2011. It is a 74:26 joint venture between Tata Power and Damodar Valley Corporation.