16. A firm sells new shares worth ₹ 1000 direct to individuals. This transaction will cause

1. 1. Gross National Product to rise by ₹ 1000

   
   
   

   2. Gross Domestic Product to rise by ₹ 1000

   
   
   

   3. National Income to rise by 1000

   
   
   

   4. No impact on Gross National Product

   
   
   

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   N/A

   Correct Option: D

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17. Consider the following States
    1. Maharashtra
    2. Gujarat
    3. Karnataka
    4. Tamil Nadu
    The descending order of these States with reference to their level of Per Capita Net State Domestic Product is
    

1. 1. 1, 2, 3 ,4

   
   
   

   2. 2, 1, 3, 4

   
   
   

   3. 4, 3, 2, 1

   
   
   

   4. 3, 4, 2, 1

   
   
   

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   N/A

   Correct Option: A

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18. 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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   N/A

   Correct Option: C

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19. 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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   N/A

   Correct Option: D

   N/A

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20. 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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