Income – Page 2 – HI MCQ!

Name the Nobel Prize winning American economist whose report to the US Congress titled “National Income, 1929-35” paved the way for the calculation of Gross Domestic Product (GDP) as the ultimate measure of a country’s overall welfare?

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If there is a lack of money supply in comparison to the supply of goods and services, then the possible consequence would be _____?

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____ is the final value of all the finished goods and services produced within a country’s borders in a specific time period?

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Who among the following is responsible for preparation of National Income estimates in India?

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Which among the following indirect taxes is charged by the Central Government?

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A situation where the expenditure of the government exceeds its revenue is known as ______?

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Under which Amendment to the Constitution of India was Goods and Services Tax imposed?

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GST was introduced by which amendment act of the Constitution?

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GST is NOT applicable on which of the following goods or services?

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When the deficit is high, what happens to prices?

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