Loading...
UPSC 2013: The national income of a country for a given period is equal to the
(a)total value of goods and services produced by the nationals
(b)sum of total consumption and investment expenditure
(c)sum of personal income of all individuals
(d)money value of final goods and services produced
Attempt This Question
Not attemptedCorrect Answer: (d) money value of final goods and services produced
UPSC’s official key treats national income for a period as the monetary value of all final goods and services produced, i.e. the value of final output measured by the product/expenditure method; options referring only to ‘nationals’, ‘consumption + investment’, or personal incomes are incomplete. Therefore option (d) is correct. ([forumias.com](https://forumias.com/blog/page/download-upsc-prelim-2013-gs-paper-1-question-paper?utm_source=openai))
Related UPSC Questions
More from National Income & Economic Growth
2008easy
The term “Prisoner’s Dilemma” is associated with which one of the following?
2018easy
Despite being a high saving economy, capital formation may not result in significant increase in output due to
2007easy
Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India
Frequently Asked Questions
What is the correct answer to this UPSC 2013 Indian Economy question?▼
The correct answer is option (d): money value of final goods and services produced. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this National Income & Economic Growth question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2013, GS Paper 1, as Question 99. It falls under Indian Economy > National Income & Economic Growth.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from National Income & Economic Growth?▼
UPSC has asked 37 questions from National Income & Economic Growth (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.