National Income
National Income is a Economy concept from the MPSC syllabus, tested in 2 past MPSC questions (2020, 2023). Below are those real questions with their correct answers and explanations, plus the concepts worth being comfortable with first.
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आगाऊ अंदाजाप्रमाणे, वर्ष 2020-21 मध्ये आर्थिक वृद्धीत घट झाल्यानंतर, वर्ष 2021-22 मध्ये देशाचे वास्तव स्थूल देशांतर्गत उत्पादन 9.2% ने वाढेल. याचा अर्थ असा की, Advance estimates suggest that the Indian economy is expected to witness real GDP expansion of 9.2 per cent in 2021-22 after contracting in 2020-21. This implies that
The 9.2% GDP growth projection for 2021-22 following the contraction in 2020-21 indicated a bouncing back of economic activities and a milder impact of the second wave compared to the complete lockdown during the first wave.
खालीलपैकी कोणते विधान/विधने अयोग्य आहे/आहेत ? / Which of the following statement/s is/are incorrect ?
(a)विशिष्ट कालावधीत देशाच्या नागरिकांनी उत्पादित केलेल्या वस्तू व सेवांचे एकूण पैशातील मूल्य म्हणजे स्थूल राष्ट्रीय उत्पादन (GNP) होय. / GNP is the total money value of goods and services produced by the nationals during the given year.
(b)उत्पन्नाचा असा भाग जो देशात उत्पादित होतो, परंतु परदेशी नागरिकांना प्राप्त होतो. त्याचा समावेश स्थूल राष्ट्रीय उत्पादनात (GNP) केला जातो. / The part of income produced in the country but earned by foreigners is included in GNP.
(c)प्रति माणसोी उत्पन्न हे देशातील लोकांचे सीमांत उत्पन्न दर्शविते. / Per capita income shows the marginal income of the people in the country.
Statement (a) is correct (GNP definition). Statement (b) is incorrect because income produced by foreigners within the country is part of GDP, but excluded from GNP (GNP considers nationals' income). Statement (c) is incorrect because per capita income shows average income, not marginal income.