The colonial government never made any sincere attempt to estimate Indias national and per capita income. Who among the following were the Indian estimators who attempted to measure such incomes?i) Dadabhai Naoroji ii) William Digby iii) V.K.R.V. Rao iv) Motilal Nehru

ECONOMIC DEVELOPMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The colonial government never made any sincere attempt to estimate India’s national and per capita income. Who among the following were the Indian estimators who attempted to measure such incomes?i) Dadabhai Naoroji ii) William Digby iii) V.K.R.V. Rao iv) Motilal Nehru

A	I and ii
B	i and iii
C	i, iii and iv
D	None of the above

Explanation:

Detailed explanation-1: -The Indian economists Dadabhai Naoroji, V.K.R.V. Rao, R.C. Desai and British Findlay Shirras and William Digby attempted to measure India’s national income. Among all, V.K.R.V. Rao was the most successful.

Detailed explanation-2: -Obviously, the colonial govern-ment never made any sincere attempt to estimate India’s national and per capita income. Some individual attempts which were made to measure such incomes yielded conflicting and inconsistent results. Among the notable estimators-Dadabhai Naoroji, William Digby, Findlay Shirras, V.K.R.V.

Detailed explanation-3: -Dadabhai Naoroji was the first Indian to estimate the national income of the country. 2. National Income Committee, established in India after getting independence was headed by Prof.

Detailed explanation-4: -National Income in India is calculated by using combined method. This is a combination of two methods-product/output method and income method.

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT