6. The growth rate of Per Capita Income at current prices is higher than that of Per Capita Income at constant prices, because the latter takes into account the rate of

1. 1. growth of population

   
   
   

   2. increase in price level

   
   
   

   3. growth in money supply

   
   
   

   4. increase in the wage rate

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: B

   N/A

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7. The term National Income represents

1. 1. Gross National Product at market price minus depreciation

   
   
   

   2. Gross National product at market price minus depreciation plus net factor income from abroad

   
   
   

   3. Gross National Product at market price minus depreciations and indirect taxes plus subsidies

   
   
   

   4. Gross National Product at market prices minus net factors income from abroad

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: C

   N/A

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8. Who wrote a book describing the theory of economic drain of India during British rule?

1. 1. Lala Lajpat Rai

   
   
   

   2. Mahatma Gandhi

   
   
   

   3. Jawahar Lal Nehru

   
   
   

   4. Dadabhai Naoroji

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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9. Which is not included in the private income arising in a country?

1. 1. Factor income from net domestic product

   
   
   

   2. Net factor income from abroad

   
   
   

   3. Current transfers from Government

   
   
   

   4. Current Payments on foreign loans

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: D

   N/A

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10. National Income is based on the

1. 1. total revenue of the State

   
   
   

   2. production of goods and services

   
   
   

   3. net profit earned and expenditure made by the State

   
   
   

   4. the sum of all fraction of income

   
   
   

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1. View Hint View Answer Discuss in Forum

   N/A

   Correct Option: B

   N/A

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