SSC CGL Economy – National Income – Tier II Level · Marathon

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SSC CGL Economy – National Income – Tier II Level · Marathon – 10 questions, subject: Indian Economy. Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.

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1.  
NI 3,000; undistributed profits 200; net interest paid by households 60; corporation tax 140; transfer payments to households 180 (₹ crore). Personal income is:

Correct Answer: A [₹ 2,780]

Explanation:

PI = 3,000 − 200 − 60 − 140 + 180 = 2,780.

2.  
Personal income is ₹ 2,780 crore, personal taxes ₹ 300 crore and fees and fines ₹ 30 crore. Personal disposable income is:

Correct Answer: D [₹ 2,450]

Explanation:

PDI = 2,780 − 300 − 30 = 2,450.

3.  
National disposable income = NNP at market price + ?

Correct Answer: B [other current transfers from the rest of the world]

Explanation:

NCERT: NDI = NNPmp + other current transfers from the rest of the world.

4.  
Production taxes are taxes that are:

Correct Answer: C [not linked to the quantity produced, such as land revenue and stamp duty]

Explanation:

MoSPI: production taxes are independent of output volume; product taxes are per unit (GST, excise, customs).

5.  
GVA at factor cost 1,200; production taxes 40; production subsidies 15; product taxes 160; product subsidies 85 (₹ crore). GDP is:

Correct Answer: A [₹ 1,300]

Explanation:

GVA bp = 1,200 + 25 = 1,225; GDP = 1,225 + 75 = 1,300.

6.  
Odd one outWhich is NOT a reason why higher GDP may not mean higher welfare?

Correct Answer: D [GDP is measured in money terms every year]

Explanation:

NCERT lists distribution, externalities and non-monetary exchanges as the limits of GDP as a welfare index.

7.  
Nominal GDP rises from ₹ 2,000 crore to ₹ 2,520 crore and the GDP deflator from 100 to 120. Real GDP growth is:

Correct Answer: B [5%]

Explanation:

Real GDP = 2,520 × 100 ÷ 120 = 2,100 → (2,100 − 2,000) ÷ 2,000 = 5%.

8.  
Assertion–Reason
A: The GDP deflator is a broader price index than the CPI.
R: The GDP deflator covers all goods and services produced in the economy, including those not bought by consumers.

Correct Answer: A [Both A and R are true and R explains A]

Explanation:

The deflator covers the whole of domestic output (capital goods, government services …); CPI covers a consumer basket.

9.  
If GDP grows by 7% and population by 1.5% in a year, per capita income grows by about:

Correct Answer: C [5.4%]

Explanation:

Exact: 1.07 ÷ 1.015 − 1 ≈ 5.42%; quick rule 7 − 1.5 = 5.5.

10.  
Which is part of India's domestic territory?

Correct Answer: D [An Indian embassy in Tokyo]

Explanation:

A country's embassies abroad are part of its domestic territory; foreign embassies in India are not.

➤ Full notes, shortcuts and every answer explained – SSC CGL 2026 Indian Economy book (₹149): www.shanmugamiasacademy.in/study-materials/ssc-cgl-indian-economy

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