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Veto q&a 7 Month22 (1)

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2018<br />

April<br />

Q & A<br />

@Runway<br />

FaRmeR FRienDlY State<br />

Saritha.n.S<br />

economics - Basic concepts<br />

• national income<br />

National Income is the sum total of the money value<br />

of final goods and services produced in a country<br />

during a given period of time<br />

• Personal income<br />

Personal Income consist of income which<br />

individuals or household sector actually received<br />

from all sources during a given period<br />

• gross Domestic Product<br />

Gross Domestic Product is the money value of all<br />

final goods produced and services provided within<br />

the domestic territory of a country during one year<br />

• microeconomics<br />

Microeconomics is a branch of Economics that<br />

studies the economic behaviour of individuals and<br />

firms in making decisions<br />

• macroeconomics<br />

Macroeconomics is the branch of Economics deals<br />

with economic behaviour of the large aggregates<br />

Books and authors<br />

• An enquiry into the Nature and<br />

causes of Wealth of Nations -<br />

adam Smith<br />

• Das Capital - carl marx<br />

• Asian Drama - gunnar myrdal<br />

• Poverty and famines - amartya Zen<br />

• Poverty and Unbritish Rule in India<br />

- Dada Bhai naoroji<br />

• Which book is known as ‘Bible of the Science<br />

of Economics’<br />

Wealth of nations (adam Smith)<br />

Q&a economist@glance<br />

• adam Smith - Regarded as the ‘father of<br />

Economics’<br />

• Prof. alfred marshall - Regarded as the ‘father<br />

of microeconomics’<br />

• J.m. Keynes - Macroeconomics was expounded<br />

by J.M.Keynes<br />

• amartya Zen - Indian Economist who got Nobel<br />

Prize in 1998<br />

• Ragnar Frish, Joan tinbergen - First Nobel<br />

Laureates in Economics (1969)<br />

• Dadabhai naoroji - Father of Indian Economics<br />

- Calculated National Income for the first time in<br />

India (1867-68)<br />

• v.K.R.v. Rao - Scientific calculation of National<br />

Income was done by V.K.R.V Rao in 1931<br />

• P. c. mahalanobis - Father of Indian budget<br />

india in global indices<br />

• World Happiness Index, 2017 - 122<br />

• Human Development Index, 2017 - 131<br />

• Global Talent Competitveness, 2017 - 92<br />

• Sustainable Development Index - 110<br />

• Global Competitiveness Index, 2016-17 - 39<br />

• Global Hunger Index, 2016 - 97<br />

economics - current affairs<br />

• Which State was selected as ‘Farmer-friendly State’<br />

by NITI Aayog<br />

maharashtra<br />

• India’s first electronic manufacturing cluster will<br />

come up in which State<br />

andhra Pradesh<br />

52 Q&AUbdn current affairs & gk<br />

www.vetopsc.org<br />

follow us: facebook.com/vetotrivandrum

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