This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which goods and services are included in calculation of national income in India ?(a) Intermediary goods and services(b) Semi-finished goods and services(c) Finally consumed goods and services(d) Raw material |
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Answer» (c) Finally consumed goods and services |
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| 2. |
Final goods can be divided in how many parts ? |
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Answer» It can be divided in two parts :
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| 3. |
In which method of calculation of National income, possibilities of double counting is more ?(a) Expenditure method(b) Production method(c) Income method(d) None of these |
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Answer» (b) Production method |
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| 4. |
Why only final value of goods and services is taken in counting of national income ? |
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Answer» To avoid double counting. |
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| 5. |
Explain in brief the calculation of national income by income method. |
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Answer» In order to calculate national income by income method, the income of resources used in production process is added up. There are five factors of production – Land, labour, capital, organisation and enterpreneurship (courage). The returns of these five factors are received in the .form of rent, wages, interest, salary and profit respectively. Thus, all these five returns are added up to calculate gross national income. |
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| 6. |
What do intermediary goods mean ? |
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Answer» Goods which are used in production process. |
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| 7. |
How is value added method useful in avoiding double counting? Explain with an example. |
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Answer» To avoid double counting in value added method, only the value of final consumable goods is added to find the correct value at every step. The expenditure made on factors of production is reduced from value of product. Example : Production of bread includes three parties-baker, flourseller, and farmer. The value of product is calculated as follows : = Value of wheat + (value of flour – value of wheat) + (value of bread – value of flour) (i.e. Rs. 30 + Rs. 25 +Rs. 20 = Rs. 75), then the value of production which we get is faulty. |
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| 8. |
Methods of calculation of national income are :(a) Production method(b) Income method(c) Expenditure method(d) All of these |
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Answer» (d) All of these |
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| 9. |
Explain in detail the calculation of national income by production method. |
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Answer» This method is used to measure national income in different phases of production in the circular flow. It shows the contribution (value added) of each producing unit in the production process. Every individual enterprise adds certain value to the products, which it purchases from some other firm as intermediate goods. When value added by each and every individual firm is summed up, we get the value of national income. Concept of value added – Value added refers to the addition of value to the raw material (intermediate goods) by a firm by virtue of its productive activities. It is the contribution of an enterprise to the current flow of goods and services. It is calculated as the difference between value of output and value of intermediate consumption. Value added = Value of output – Intermediate consumption Example of concept of value addition : |
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| 10. |
What is gross national product ? |
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Answer» Market value of all the final goods and services produced in an economy plus net factor income from abroad in an accounting year is called gross national product. |
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| 11. |
Explain in detail the calculation of national income by expenditure method. |
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Answer» Factor income earned by factors of production is spent in the form of expenditure on purchase of goods and services produced by firms. This method measures national income as the sum total of final expenditures incurred by households, business firms, government and foreigners. This total final expenditure is equal to gross domestic product at market price, i.e. ∑ Final expenditure = GDPMP. This method is also known as ‘Income Disposal Method: Components of Final expenditure : Expenditure is done by all the sectors of an economy, households, government, firms and foreign sector. The various components of final expenditure are : 1. Private final Consumption expenditure (PFCE) – It refers to expenditure incurred by households and private non-profit institutions providing all types of consumer goods, i.e. durable, semidurable goods and consumer services to the households. 2. Government Final Consumption Expenditure (GFCE) – It refers to the expenditure incurred by the government on various administrative services like defense, law and order, education, etc. 3. Gross domestic capital formation (GDCF) or Gross investment – It refers to the addition to capital stock of the economy. It represents the expenditure incurred on acquiring goods for investment by the production units located within the domestic territory. 4. Net Exports (X – M) – It refers to the difference between export and imports of a country during a period of one year. The steps included in calculating national income by expenditure method are : STEP I : Identify the economic units incurring final expenditure: All the economic units, which incur final expenditure within the domestic territory are classified under four groups.
STEP II : Classification of final expenditure : Final expenditures incurred by the above mentioned economic units are estimated and classified under the following heads . The sum total of four components of final expenditure gives gross domestic product at market price. (GDPMP). STEP III : Calculate domestic income (NDPFC): STEP IV : Estimate net factor income from abroad (NFIA) to arrive at national income: In the final step, NFIA is added to domestic income to arrive at national income. |
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| 12. |
What is meant by final consumable goods ? |
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Answer» Those goods which are used to final the needs of a consumer are called final consumable goods. |
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| 13. |
Explain in brief the methods of calculation of national income. |
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Answer» There are three methods of calculation of national income: (b) Income method – In this method, national income is measured in terms of factor payments (wages, rent, interest and profit) to the Owners of factors of production (labour, capital and enterprise) during an accounting year. (c) Expenditure method – According to this method, national income is measured in terms of expenditure on the purchase of final goods and services produced in the economy during an accounting year. |
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| 14. |
What is the production method of calculating national income ? |
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Answer» In the production method of calculating national income, the market value of final goods and services produced by agriculture, minerals, industries and various services is calculated out and added to find the national income. |
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| 15. |
Why is national income calculated ? |
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Answer» It is calculated for economic analysis, future prediction and policy making. |
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| 16. |
Increase in national income increases economic welfare. Do you agree ? |
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Answer» National income and economic welfare have direct relation, which means economic welfare increases with the increase in national income and vice-versa. Economic welfare refers to that welfare which can be measured in terms of money. Increase in economic welfare by rise in national income can be clarified from the following points : (i) Employment and development : Opportunities of employment increase due to rise in national income which increases effective demand. It increases the income of citizens which makes them capable to fulfil their needs. It increases economic welfare. (ii) Effect of distribution of income : If the distribution of income is equitable in the country, the economic welfare increases, and unequal distribution of income reduces economic welfare. (iii) Indicator of national prospertiy : Rise in national income is an indicator of national prosperity because it increases the purchasing power of citizens so that they can buy more goods which raises thier living standard. (iv) Ways to spend the income : Economic welfare depends upon the way of spending income. If people spend most of their income on luxurious goods, then economic welfare reduces. (v) Effects on environment: If the increased national income is spent on new goods, it has adverse affects on environment because pollution increases and it also adversely affects public health. Thus, economic welfare starts declining. |
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| 17. |
What are the components of Income method for calculating National income ? |
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Answer» Following are the components of income method of calculating national income –
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| 18. |
What type of distribution of national income increases economic welfare ? |
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Answer» Equitable distribution of national income increases economic welfare. |
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| 19. |
Explain the relationship between economic welfare and distribution of national income. |
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Answer» There is a close relationship between national income and economic welfare. Generally, both are directly related which means, when national income increases, economic welfare also increases, and vise versa. Distribution of national income also affects economic welfare. An equitable distribution of national income increases economic welfare, whereas an inequitable distribution lowers economic welfare. |
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| 20. |
In calculating national income from income method :(a) Factor income is considered(b) Factor income is not considered(c) Value of production is considered(d) None of these |
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Answer» (a) Factor income is considered |
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| 21. |
Environment modified national income is calculated by :(a) Adding environmental loss in national income(b) Deducting environmental loss from national income(c) Over looking environmental loss(d) None of these. |
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Answer» (b) Deducting environmental loss from national income |
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| 22. |
What is included in Green Accounting ?(a) Irrational industrialization(b) Higher growth of employment(c) Loss of environment(d) Higher growth in personal consumption |
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Answer» (c) Loss of environment |
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| 23. |
What is green accounting ? |
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Answer» Green accounting is a type of accounting that attempts to factor environmental costs in the financial result of operations. |
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| 24. |
Equal distribution of national income :(a) Reduces economic welfare(b) Increases economic welfare(c) No change in economic welfare(d) None of these |
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Answer» (b) Increases economic welfare |
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| 25. |
An overweight high school student, is overheard telling her friend that she is going to research how she can transform some of her white fat to brown fat. What is her rationale here (assuming it is possible)? |
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Answer» The white fat stores nutrients while the brown fat warms the body. The student feels that she may bring down her weight by converting brown fat to white fat. |
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| 26. |
A player has sustained a severe injury during football practice and was told that he has a torn knee cartilage. Can he expect a quick uneventful recovery? Explain your response. |
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Answer» The knee cartilage is an important connective tissue. Since the knee moves during locomotion, a quick, uneventful recovery cannot take place. Complete rest to the knee joint is necessary. |
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| 27. |
Which type of epithelium is involved in a function to move particles or mucus in specific direction?(a) Squamous epithelium (b) Cuboidal epithelium (c) Columnar epithelium (d) Ciliated epithelium |
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Answer» (d) Ciliated epithelium |
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| 28. |
Define tissues. |
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Answer» Group of cells that are similar in structure and perform a common or related functions are called tissues. |
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| 29. |
You are looking at a slide of a tissue through the compound microscope and you see striped branching cells that connect with one another. What type of muscle are you viewing? |
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Answer» I am viewing the skeletal muscle. |
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| 30. |
Explain compound epithelium. |
Answer»
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| 31. |
The stored lipids are in the form of adipose tissue. Are they coloured? Why? |
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Answer» The white adipose tissue is called white fat. The adipose that has abundant mitochondria is called Brown fat. |
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| 32. |
The study of tissues is known as ……(a) Physiology (b) Ecology (c) Histology (d) Anatomy |
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Answer» The study of tissues is known as Histology. |
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| 33. |
Why blood is considered as a typical connective tissue? |
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Answer» Blood is considered as a typical connective tissue because it is the fluid connective tissue containing plasma, RBCs, WBCs and platelets. It functions as the transport medium for the cardiovascular system carrying nutrients, nitrogenous wastes and respiratory gases throughout the body. |
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| 34. |
Write a short note on specialized junctions of epithelia. |
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Answer» All cells of epithelia are held together with little intercellular material forming specialized junctions. These provide structural and functional links between the cells. Three types of cell junctions, tight, adhering and gap junctions are found in animal tissues. Tight junctions help to stop substances from leaking across the tissue. Adhering junctions cement the neighbouring cells together. Gap junctions facilitate the transfer of ions, small and big molecules between the adjoining cells by connecting the cytoplasm of these cells. |
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| 35. |
What is an epithelium? Enumerate the characteristic features of different epithelia. |
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Answer» Epithelial tissue is sheet of cells that covers the body surface or lines the body cavity.
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| 36. |
What type of connective tissue is damaged when one get cut on his index finger accidently? |
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Answer» The Areolar connective tissue is damaged when finger gets cut. |
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| 37. |
Find out the wrong match : (a) Eosinophils Allergic response (b) Basophils Secrete histamine and serotonin(c) Monocytes Secrete heparin (d) Lymphocytes Immune response |
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Answer» (c) Monocytes Secrete heparin |
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| 38. |
Stratified epithelia are “built” for protection or to resist abrasion. What are the simple epithelia better at? |
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Answer» The simple epithelia are better at absorption, secretion of mucus, enzymes and other substances. |
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| 39. |
Match the animals listed in column – I to blood listed in column – II.Column -IColumn – II(i) Plasma and cells are colourless(P) Man(ii) Plasma colourless and nucleated RBC(Q) Earth worm(ii) Plasma colourless and enucleated RBC(R) Cockroach(iv) Plasma red and nucleated colourless RBC(S) Frog(v) Plasma and RBS have haemoglobin–(a) (P – iii), (Q – iv), (R – i), (S – ii) (b) (P – iv), (Q – v), (R – iii), (S – ii) (c) (P – i), (Q – iv), (R – ii), (S – iii) (d) (P – v), (Q – iii), (R – i), (S – iv) |
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Answer» (a) (P – iii), (Q – iv), (R – i), (S – ii) |
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| 40. |
The outer covering of cartilage is called (a) Peritoneum (b) Periosteum (c) Endosteum (d) Perichondrium |
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Answer» (d) Perichondrium |
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| 41. |
Skin is ……………(a) Cubiodal epithelium (b) Stratified epithelium(c) Columnar epithelium (d) Pseudostratified epithelium |
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Answer» (b) Stratified epithelium |
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| 42. |
What is the essence of Darwinian theory about evolution? |
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Answer» The essence of Darwinian theory about evolution is national selection. The rate of appearance of new forms is linked to life cycle or life span. Microbes that divide fast have the ability to multiply and become millions of individuals within hours. |
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| 43. |
Which type of Enzyme is used in PCR technology? (A) Polymerase (B) Helicase (C) Taq Polymerase (D) Core Enzyme |
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Answer» Correct answer is (A) Polymerase |
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| 44. |
Which one is applicable for screening test of AIDS ?A. PCR B. Western blotC. ELISA D. Southern blot |
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Answer» The Correct option is C. ELISA |
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| 45. |
Synthesis of RNA on DNA template is known as-(A) Translation(B) Transcription(C) Transduction(D) Replication |
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Answer» (B) Transcription |
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| 46. |
Which type of Enzyme is used in PCR technology?A. Polymerase B. HelicaseC. Taq Polymerase D. Core Enzyme |
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Answer» C. Taq Polymerase |
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| 47. |
PCR method is useful for (A) DNA synthesis (B) Protein synthesis (C) Amino acid synthesis (D) DNA amplification |
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Answer» Correct Answer is: (D) DNA amplification • PCR (polymerase chain reaction) is a method to analyze a short sequence of DNA (or RNA) even in samples containing only minute quantities of DNA or RNA. • PCR is used to reproduce (amplify) selected sections of DNA or RNA. • PCR is highly efficient in that untold numbers of copies can be made of the DNA. |
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| 48. |
What are the trials and tribulations that Martin Luther King, Jr. talks about? |
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Answer» The, trials and tribulation's author talks about are the hardship and torments people had to suffer when they raise their voice against the injustice and discrimination. |
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| 49. |
Ravi is a farmer; he rears many cattle in his farm. His field has many bio wastes. Advise Ravi how to change this bio waste to compost by using vermi-composting techniques. Explain the benefits of vermi castings. |
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Answer» 1. A cement tub is to be constructed to a height of 2’A feet and the breadth 3 feet. 2. Put the Bio-wastes in the cement tub with 5 cm height. 3. Add few earthworms with the Bio-waste. 4. Then add saw dust, or coir waste and husk on the top of Bio-wastes. 5. Then add sand to form a layer of 3 cm. 6. Then add garden waste on the layer of sand. 7. Then spray with water. 8. All layers must be moistioned with water. 9. After 10 to 15 days, we get vermicompost manure. Benefits: 1. It is rich in all essential nutrients. 2. It improves soil structure, texture and prevent soil corrosion. 3. It contains valuable hormones like auxons, gibberellin etc. 4. It neutralizes the soil protection. |
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| 50. |
A boy has been diagnosed with ADA deficiency. Suggest any one possible treatment. |
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Answer» Bone marrow transplant/enzyme replacement therapy/gene therapy. |
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