Indian Economy MCQs

Q.  Consider the following statements about National Income of India:
1: The first estimate on National income was prepared by Dadabhai Naoroji
2: Currently, the estimate of National Income is prepared by Central Statistics Organisation (CSO)
Which of the above statements is/are correct?


a. 1 Only
b. 2 Only
c. Both 1 & 2
d. Neither 1 nor 2


ANSWER: See Answer
 
The first estimate on National Income was prepared by Dadabhai Naoroji in 1867-68. He estimated National income was Rs 340 crore and per capita income as Rs 20. Currently, the estimate of National Income in India is prepared by Central Statistics Organisation (CSO).
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