National income - GS questions based on daily current affairs

1)   Which agency prepares the estimates of the national income in India?

a. RBI
b. National Sample Survey
c. National Centre for policy Research
d. Central Statistical Organisation
Answer  Explanation 

ANSWER: Central Statistical Organisation

In India the estimates of national income are prepared by central statistical organization. Every years it issue a white paper on national income estimates.

2)   Who prepared the first estimates of national income?

a. Dinshaw Wacha
b. Dadabhai Naoroji
c. Gopal Krishna Gokhale
d. Mahadev Govind Ranade
Answer  Explanation 

ANSWER: Dadabhai Naoroji

Dadabhai Naoroji prepared the first estimates of National income in 1876.