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GS Paper IUPSC Prelims 2013
Industry & Infrastructure
Question No. 359Interactive Test Mode
00:00
+2-0.66

Q359. The national income of a country for a given period is equal to the:

The national income of a country for a given period is equal to the:

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2013 • Indian Economy

Correct Answer: Option (D) — money value of final goods and service produced

Concept & Option Breakdown

Standard Reference Verified

National income (often measured as Net National Product at factor cost / market price) represents the aggregate net monetary value of all final goods and services produced by an economy during a given accounting period. Specifying 'final' goods and services is essential to eliminate the problem of double counting intermediate products.

Elimination Heuristic & Exam Approach

The defining economic keyword in national income accounting is the money value of 'final' goods and services.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2013 (Q359)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Industry & Infrastructure
Official Answer KeyOption (D) — money value of final goods and service produced

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Frequently Asked Questions — UPSC Prelims 2013 Q359

What is the official answer for UPSC Prelims 2013 GS Paper I Question 359 (Indian Economy)?

The official UPSC answer key for this 2013 Indian Economy (Industry & Infrastructure) question is Option (D): "money value of final goods and service produced". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2013 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Industry & Infrastructure". You can explore all repeated questions from Industry & Infrastructure in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Industry & Infrastructure UPSC Prelims question using option elimination?

The defining economic keyword in national income accounting is the money value of 'final' goods and services.

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