1. Gross National Interest
2. Gross National Income
3. Gross Net Interest
4. Gross Net Income
Option “B” is correct Gross national income (GNI) is defined as gross domestic product plus net receipts from abroad of wages and salaries and of property income plus net taxes and subsidies receivable from abroad.
42. Which among the following is an apex institution in the sphere of Agriculture credit in India?
1. NABARD (National Bank for Agriculture and Rural Development)
2. SIDBI (Small Industries Development Bank of India)
3. EXIM Bank
4. NAFED (National Agricultural Cooperative Marketing Federation of India Ltd.)
Option “A” is correct National Bank For Agriculture & Rural Development (NABARD) is set up as an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.
43. Which organisation measures Gross Domestic Product in India?
1. Reserve Bank of India
2. NITI Aayog
3. State Bank of India
4. Central Statistics Office
Option “D” is correct The Central Statistics Office (CSO), under the Ministry of Statistics and Program Implementation, is responsible for macroeconomic data gathering and statistical record keeping.GDP is measured by CSO.
44. Which method is used to measure agricultural income in India?
Option “B” is correct Output method is used to measure agricultural income,
45. Who estimated the National Income in India for the first time?
1. Prof. P. C. Mahalanobis
2. Dr. V. K. R. V. Rao
3. Dadabhai Naoroji
4. M. G. Ranade
Option “C” is correct Dadabhai Naoroji, called the Grand Old Man of India, prepared the first estimates of National income in 1876. He estimated by the value of agricultural production and then adding a certain percentage as non-agricultural production.
46. GDP -indirect taxes +subsidies = ______
1. NNP at factor cost
2. GDP at factor cost
3. GNP
4. Personal Income
Option “B” is correct GDP at factor cost is plus indirect taxes less subsidies on products is GDP at factor cost.
47. Establishment of Chittaranjan Locomotive took place during which Five Year Plan?
1. Second
2. Third
3. Fourth
4. First
Option “D” is correct First Five Year Plan, the Industrial Development in India was confined largely on Industries. Chittaranjan Locomotive is established in First year plan.
48. What is the meaning of ‘Laissez Faire Policy’
1. Fair legislation
2. Control over trade
3. Withdrawal of ‘some restrictions’
4. None of these
Option “C” is correct Laissez-faire is the policy which is based on the idea that governments and the law should not interfere with business, finance, or the conditions of people’s working lives. It means that there will be no restrictions on business.
49. Planned economy in India is based on which system?
1. Capitalist system
2. Traditional system
3. Command system
4. Socialist system
Option “D” is correct A planned economy is a type of economic system where investment and the allocation of capital goods is performed through economy-wide economic and production plans.Indian planned economy is based on socialist economy. A socialist economic system is characterised by social ownership and operation of the means of production that may take the form of autonomous cooperatives or direct public ownership.
50. Who among the following suggested the ‘Rolling Plan’?
1. John W. Miller
2. D. T. Lakdawala
3. Gunnar Myrdal
4. Sukhmay Chakarborty
Option “C” is correct Rolling plan concept was coined by Gunnar Myrdal.
