Estimation of national income in India is difficult due to :
I. illiteracy of people
II. non-monetised consumption
III. inflation
IV. people holding multiple jobs

Related MCQs

• Consider the following statements relating to estimation of National Income : 1. Foreigners working in Indian Embassies are normal residents of India. 2. Foreigners working in the office of WHO, World Bank. UNO etc. located in India are not normal residents of India. 3. Indians working in foreign embassies in India are not normal residents of India. Which of the statements given above is/are correct? [CDS 2010]
• One of the following leads to underestimation of national income in India: 1. Inflation 2. Devaluation 3. Non-Monetary consumption 4. Large unorganized sector Choose correct answer from:
• National income calculated at current prices in India has shown a tendency to rise at a faster rate than national income at constant prices. This is because:
• Gross National Income is always more than Net National Income because it includes:
• Put in chronological order 1. Constitution of National Planning Committee -by the Indian National Congress under Jawaharlal Nehru 2. Planned Economy for India by Visvesvaraya published 3. Bombay Plan 4. Setting up of the National Development Council
• Consider the following statements: [IAS 2004] 1. The highest deciding body for planning in India is the Planning Commission of India. 2. The Secretary of the Planning Commission of India is also the Secretary of National Development Council 3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India. Which of the statements given above is/are correct?
• Consider the following statements: [IAS 2004] 1. The National Housing Bank, the apex institution in housing finance in India, was set up as a wholly owned subsidiary of the Reserve Bank of India 2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India Which of the statements given above is/are correct?
• Consider the following statements: 1. life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United India Insurance Company limited are located at Chennai. Which of the statements given above are correct? [lAS2006)
• Which of the following is/are correct? I. Bulk of unemployment in India is in rural areas II. The disguised unemployment in agricultural sector is perennial III. Industrialisation has rendered several people job-less in India
• The national income of India is estimated mainly through: [CBI 1993]