if you want to remove an article from website contact us from top.

    the first national income calculation on a scientific basis in india is in the year

    Mohammed

    Guys, does anyone know the answer?

    get the first national income calculation on a scientific basis in india is in the year from screen.

    [Solved] Who was the first person to use a scientific method to

    The correct answer is  V K R V Rao.  Key Points Professor VKRV Rao in 1931-32, used a scientific method to calculate the national income

    Home General Knowledge Economy National Income Accounting

    Question

    Download Solution PDF

    Who was the first person to use a scientific method to calculate national income of India ?

    Dadabhai Naoroji V K R V Rao P C Mahalanobis M Visveswaraiya

    Answer (Detailed Solution Below)

    Option 2 : V K R V Rao

    Detailed Solution

    Download Solution PDF

    The correct answer is  V K R V Rao.

    Key PointsProfessor VKRV Rao in 1931-32, used a scientific method to calculate the national income of India for the first time but was not very satisfactory.

    His full name is Vijayendra Kasturi Ranga Varadaraja Rao. V K R V Rao, in his book, the National Income of British India, 1932 wrote about his methods.

    He served as a Union Minister of Education in 1971. He was awarded Padma Vibhushan in 1974.

    Additional InformationDadabhai Naoroji:  The first attempt to calculate the national income of India was made by Dadabhai Naoroji in 1867-68, who estimated per capita income to be ₹ 20. 

    P C Mahalanobis: PC Mahalanobis in 1949, was head of the National Income Committee which made the first official attempt to calculate National Income.

    He was a member of the first planning commission of India.

    He established the Indian Statistical Institute (ISI) in Calcutta and for the same reason.

    He is known as the father of Indian Statistics.

    He was a member of the first Planning Commission of free India.

    M Visveswaraiya: In India, the first systematic attempt at economic planning was made in 1934 when M. Visvesvaraya published his book Planned Economy of India.

    For this reason, he is called the father of Indian planning.

    In this book, he presented a constructive framework for the development of India in the next ten years.

    The first attempt to calculate the national income of India was made by Dadabhai Naoroji in 1867-68, however, the first scientific approach to calculate the national income of India was used by Professor VKRV Rao for the first time in 1931-32.

    Download Solution PDF

    Share on Whatsapp

    India’s #1 Learning Platform

    Start Complete Exam Preparation

    Daily Live MasterClasses

    Practice Question Bank

    Mock Tests & Quizzes

    Get Started for Free

    Download App

    Trusted by 2,62,41,458+ Students

    ‹‹ Previous Ques Next Ques ››

    More National Income Accounting Questions

    Q1. Who among the following is responsible for preparation of National Income estimates in India?Q2. The goods produced in a ________ society are distributed among the people, not on the basis of the need of the people but on the basis of purchasing power – the ability to buy goods and services.Q3. What was India's per capita net national income (estimated) during 2019-20?Q4. What does 'Revenue Neutral Tax Rate' mean in reference to 'Goods and Services Tax (GST)'?Q5. The money accruing from the sale of 'National Savings Certificates' goes to which account of the Government of India?Q6. The share of secondary sector in GDP in India from 1950-51 to 2013-14 has increased by ________ per cent.Q7. Government bonds with no coupon payments are called ____.Q8. What do you call a proportionate saving in costs gained by an increased level of production?Q9. According to Malthusian theory which of the following grows in geometric progression?Q10. Which of the following statements is NOT correct regarding the economic growth?

    More Economy Questions

    Q1. Who among the following is entrusted with the responsibility of conducting monetary policy in India?Q2. The 'Central Institute of Arid Horticulture' is situated at -Q3. Which one of the following is not correctly matched?   Breed  Animal  (A) Nali Sheep (B) Nagauri Cow (C) Shekhawati Goat (D) Malpuri BuffaloQ4. A cultivator, which is a tractor driven agricultural implement, is used for ________.Q5. Who among the following is responsible for preparation of National Income estimates in India?Q6. How much amount have been allocated to the Khelo India Programme in Union Budget 2022?Q7. Which of the following scheme's next phase was announced in the Union Budget 2022?Q8. What is the name of the programme to enhance development of the villages on the northern border of India?Q9. How many crores have been allocated for completion of 80 lakh houses under the PM Awas Yojana, both Rural and Urban, in 2022-23?Q10. As per the Union Budget 2022, fiscal deficit in the financial year 2022-23 is estimated to rise _______________of GDP against 6.8 per cent in Budget Estimates.

    स्रोत : testbook.com

    [Solved] The first National Income calculation on a scientific basis in India is in the year

    Q.

    The first National Income calculation on a scientific basis in India is in the year

    A. 1947-48 B. 1951-52 C. 1931-32 D. 1990-91 Answer» C. 1931-32 Report View more MCQs in

    » Introductory Economics 2 solved mcqs

    Related questions

    In which type of economy, domestic income is equal to national income?

    Net Factor Income from Abroad is taken into account when National Income is calculated by:

    Which of the following is not an economic activity and hence not included whileestimating national income in india?

    National product at current prices is higher than national product at constant prices duringa period of :

    Out of the following, which aggregate represents 'National Income'?

    If economic subsidies are added to and Indirect taxes are substracted from the nationalincome at market prices, then it will be equal to :

    Which of the following ia a part of National Income?

    NDP at FC is less than National Income when:

    National income is equal to:

    Which one is included in National Income?

    report this ad

    Topic wise solved MCQ's

    Bachelor of Arts in History (BA History)

    Solved MCQ's for Related Topics

    Methodology and Perspectives of Social Sciences

    An Introduction to Political Science

    Early Societies in India

    Informatics

    Making of Modern Kerala

    Understanding the Past

    History of Modern Kerala

    Gender Studies

    Indian Constitution and Politics

    Indian Constitution And Politics 1

    Indian Constitution And Politics 2

    Introduction to Political Science and Governmental Structures and Processes

    Contemporary Kerala

    Early India- State to Empire

    Formation of Kerala, Society and Culture

    Share

    Share

    स्रोत : mcqmate.com

    The first scientific attempt to calculate National Income of India was made by

    The first scientific attempt to calculate National Income of India was made by

    Economy

    The first scientific attempt to calculate National Income of India was made by

    A) Dada Bai Naoroji B) P.C. Mahalanobis C) J.M. Keynes D) V.K.R.V. Rao Correct Answer: D) V.K.R.V. Rao

    Part of solved Economy questions and answers : >> General Knowledge >> Economy

    Comments Similar Questions

    1). The Head Quarter of CAPART is situated at

    A). Mumbai B). Kolkata C). New Delhi D). Bangalore -- View Answer

    2). Which committee recommended tax on Agriculture Holdings ?

    A). Bhootlingam Committee

    B). Wanchoo Committee

    C). Raj Committee D). None of these -- View Answer

    3). Service Tax was first brought into force with effect from

    A). May 14 2003

    B). September 1O, 2004

    C). July 1 1994

    D). February 24,2009 .

    -- View Answer

    4). The cause of deflation is

    A). Lack of goods and services as compared to money supply

    B). Lack of imports as compared to exports

    C). Lack of money Supply as compared to supply of goods and services

    D). None of these -- View Answer

    5). Which of the following is a better measure of economic development ?

    A). Employment B). Size of exports

    C). Rural consumption

    D). National Income -- View Answer

    6). Which bank in India performs duties of central Bank?

    A). Central Bank of India

    B). State Bank of India

    C). Reserve Bank of India

    D). Both (a) and (b)

    -- View Answer

    7). How many banks were nationalised in the first nationalisation of private banks in 1969?

    A). 6 B). 14 C). 12 D). 8 -- View Answer

    8). India Brand Equity Fund' was established in

    A). 1996 B). 1997 C). 1995 D). 1992 -- View Answer

    9). Mixed Economy means

    A). Co-existence of small and large industries

    B). Promoting both Agriculture and Industries in the economy

    C). Co-existence of public and private sectors

    D). Co-existence of rich and poor

    -- View Answer

    10). According to a Hong Kong Research Institution's survey results, the most corrupt nation among Asian countries is

    A). India B). China C). Pakistan D). Indonesia -- View Answer

    स्रोत : www.competoid.com

    Do you want to see answer or more ?
    Mohammed 6 month ago
    4

    Guys, does anyone know the answer?

    Click For Answer