UPSC Prelims PYQs – National Income, GDP, GNP (Economy)

1. Which of the following activities constitute real sector in the economy?

1. Farmers harvesting their crops
2. Textile mills converting raw cotton into fabrics
3. A commercial bank lending money to a trading company.
4. A corporate body issuing Rupee Denominated Bonds overseas.

Select the correct answer using the code given below:

[UPSC Civil Services Exam – 2022 Prelims]

2. Which among the following steps is most likely to be taken at the time of an economic recession?

[UPSC Civil Services Exam – 2021 Prelims]

3. Despite being a high saving economy, capital formation may not result in significant increase in output due to

[UPSC Civil Services Exam – 2018 Prelims]

4. Increase in absolute and per capita real GNP do not connote a higher level of economic development, if

[UPSC Civil Services Exam – 2018 Prelims]

5. A decrease in tax to GDP ratio of a country indicates which of the following?

1. Slowing economic growth rate
2. Less equitable distribution of national income

Select the correct answer using the code given below.

[UPSC Civil Services Exam – 2015 Prelims]

6. With reference to Indian economy, consider the following statements:

1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.

Which of the statements given above is/are correct?

[UPSC Civil Services Exam – 2015 Prelims]

7. Economic growth in country X will occur if

[UPSC Civil Services Exam – 2013 Prelims]

8. The national income of a country for a given period is equal to the

[UPSC Civil Services Exam – 2013 Prelims]

9. In the context of Indian economy, consider the following statements:

1. The growth rate of GDP has steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.

Which of the statements given above is/are correct?

[UPSC Civil Services Exam – 2011 Prelims]