SSC CGL 2024 Tier-I · 12 September 2024, Shift 3 · General Awareness · Question 8 of 100

Text as printed on a candidate's response sheet for this shift; answer per SSC's tentative key as marked on that sheet. Solution last reviewed 6 September 2026.

Where this paper and its answers come from

SSC does not publish CGL question papers or a public answer key. The questions and options here are reproduced as printed on a candidate's own response sheet for this shift — the Commission's text, unchanged. Each answer is SSC's tentative key as marked on that sheet; SSC allowed challenges to it and never publishes a final key. The solutions are written by UnlockIAS.

Match the concepts in column A with their respective descriptions in column B.

(a)a-2, b-1, c-3, d-4
(b)a-3, b-1, c-2, d-4
(c)a-3, b-4, c-1, d-2
(d)a-4, b-3, c-2, d-1

Answer

Why

Correct — C. Read Column B one phrase at a time and attach each to the aggregate it defines.

a. Gross national product takes 3, money value of the national output — the gross total, before anything is deducted.
b. Net national product takes 4, net production of goods services during the year — net, because depreciation has been removed.

c. Personal income takes 1, annual income received by the individual's production in a given period — income as it reaches persons.
d. Disposable personal income takes 2, after the tax of personal income — what is left to spend once direct tax is paid.

That gives a-3, b-4, c-1, d-2, which is option (c).

Why the others are wrong

(a)
a-2, b-1, c-3, d-4 — This pairing hands GNP the tax-paid residual of household income and gives net national product the personal-income line. All four pairs are displaced.
(b)
a-3, b-1, c-2, d-4 — It starts correctly with a-3 and then collapses — it makes net national product the income received by individuals and reduces disposable income to net production.
(d)
a-4, b-3, c-2, d-1 — It swaps gross and net at the top: net production belongs to NNP and money value of output to GNP, and both income lines are misassigned as well.

Concept

The four terms are rungs on one ladder. GNP is the money value of everything the nationals of a country produce in a year. Take out depreciation, the wearing out of capital, and you have NNP.

Move from what the nation produces to what households actually receive and you have personal income. Subtract direct taxes from that and what remains is disposable personal income, the amount a household can spend or save.

Column B is loosely worded — phrase 1 and phrase 4 would not satisfy an economics examiner, and 'goods services' is missing a word. Match on the signal word in each phrase instead: money value, net, received by the individual, after tax.

Key facts

GNP is the money value of the total output produced by the nationals of a country in a year.
NNP equals GNP minus depreciation, the consumption of fixed capital.
Personal income is income actually received by households, before direct taxes are paid.
Disposable personal income equals personal income minus direct taxes.

Study next

The full national income ladder — GDP, GNP, NDP and NNP at market price and at factor costDepreciation and what separates a gross aggregate from a net oneWho estimates national income in India and what a base year does

Common traps

Matching by position in the columns instead of by meaning, since the two columns are deliberately out of order
Reading 'net' as after tax rather than after depreciation
Treating personal income and national income as the same aggregate

The same ladder returns as a statement question at 24 Sep 2024, 16:00, GA Q8, where the correct statement is that National Income is NNP at factor cost. The history of the Indian estimate is asked at 10 Sep 2024, 09:00, GA Q14, on Dadabhai Naoroji.

Related PYQs

No directly related past PYQ was found.