UPSSSC PET 2022 (16 Oct Shift 2)
'Green Accounting' means measuring the National Income of the country taking into account estimation of
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Answer: Option D — Pollution and environmental damage
Detailed Solution
Green accounting subtracts the cost of pollution and environmental damage (depletion of natural resources) from national income to give 'green GDP'. Destruction of forest cover is only one part of this damage, so the complete and correct answer is pollution and environmental damage.
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Ask a doubtMore National Income & GDP Questions
View all ›- Q1.The ratio of nominal GDP to real GDP (multiplied by 100) represents the:
- Q2.Gross National Product (GNP) minus depreciation is equal to:
- Q3.Net National Product at factor cost is called:
- Q4.GDP evaluated at a set of constant (base-year) prices is called:
- Q5.Which sector contributes the most to India's national income (GDP/GVA)?
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National Income & GDP — UPSSSC PET Preparation
This question tests your understanding of National Income & GDP, a key topic in the UPSSSC PET General Knowledge section. The detailed solution above uses a step-by-step approach to show the reasoning, and where available, a shortcut that helps you solve similar questions in under 90 seconds during the actual exam.
This topic covers national income and how it is measured: GDP, GNP, NDP and NNP, measurement at market price and at factor cost, the production, income and expenditure methods, per capita income, base years, and the sectors of the economy (primary, secondary and tertiary). Exam questions test the differences between the measures (GNP = GDP + net factor income from abroad, and NDP = GDP - depreciation), which body estimates national income in India (the National Statistical Office), and which sector contributes the most to India's GDP (the services sector). Dadabhai Naoroji made one of the first estimates of India's national income. Practise the national income and GDP questions below, written in the style of the general awareness sections of exams such as SSC, banking, railways, CUET GAT, MAH CET and CLAT. Each question comes with a detailed explanation that adds related facts, so every question helps you revise more than one point.