National Income and Macroeconomics Quiz
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National Income and Macroeconomics Quiz

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@WellRunGenius

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Questions and Answers

Which of the following is a key characteristic of national income?

  • It is a measure of economic welfare
  • It is compiled and published by the Central Statistical Organisation every year
  • It is only expressed in terms of money (correct)
  • It includes all economic activities except consumption

    • What is the national income of a country?

  • The total income of the banks and financial institutions in the country
  • The total income of all the firms and factories in the country
  • The total income of the people in the country (correct)
  • The total income of the government in the country

    • What does the National Income Committee (NIC) in India do?

  • It determines the flow of goods and services produce
  • It establishes the national economy
  • It regulates the banks and financial institutions
  • It compiles and publishes data on national income and allied aggregates every year (correct)

    • What does national income measure in real terms?

    <p>The flow of goods and services produce</p> Signup and view all the answers

    When did the establishment of the National Income Committee (NIC) in India begin?

    <p>1949</p> Signup and view all the answers

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