Answer: Option B. -> total population of the country
Answer: (b)
Per capita income is obtained by dividing national income by the total population of the country per capita income, also known as income per person, is the mean income of the people in a country.
It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.

Answer: Option A. -> Health
Answer: (a)

Answer: Option A. -> Per capita income
Answer: (a)
Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country. Per capita income is often used to measure a country’s standard of living.
Poverty Ratio: Ratio of the number of people whose income falls below poverty sine, taken as half the median household income of the total population.
National Income: Total amount of money earned within a country.
Unemployment rate: It is defined most basically as the percentage of the total labour force that is unemployed but actively seeking employment and willing to work.

Answer: Option D. -> 2004-05 to 2011-12
Answer: (d)

Answer: Option D. -> 1, 2, 3 and 4
Answer: (d)
The labour force of an economy is known as the activity rate (also called the participation rate).
It is shown in per cent and always as a proportion of an economy. The concept of the ‘demographic dividend’ is related to this rate.

Answer: Option D. -> International Monetary Fund
Answer: (d)

Answer: Option B. -> GDP minus indirect taxes plus subsidies
Answer: (b)
GDP at factor cost is GDP at market price minus indirect taxes plus subsidies.
GDP at factor cost measure the value of output in terms of what it really costs to produce.
The gross value of output = Value total Sales Goods & Services + Value of changes in the inventories.
The Sum of net value added in various economic activities is known as GDP at factor cost.

Answer: Option A. -> V.K.R.V. Rao
Answer: (a)The first person to adopt a scientific procedure in estimating the national income was Dr. V.K.R.V Rao in 1931.

Answer: Option A. -> a labour-surplus economy
Answer: (a)
India is a labour-surplus economy because in India there is disguised unemployment along with under-employment which means that a qualified, skilled workforce willing to work is available but there are not enough employment opportunities.
Trade Surplus Economy - Economic measure of positive Balance of trade where a country’s export exceed its imports. Surplus Labour is a concept used by Karl Marx in his critique of political economy.
Capital Surplus - It is equity that cannot otherwise be classified as capital stock or retained earnings.

Answer: Option A. -> P.C. Mahalanobis
Answer: (a)