GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The first estimate of national income in India was made by
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VKRV Rao
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Mahalanobis
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Professor Sheroi
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Dadabhai Naoroji
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Explanation:
Detailed explanation-1: -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. VKRV Rao.
Detailed explanation-2: -Sir Richard Stone is regarded as the father of national income accounting. He studied law at the University of Cambridge, but later under the influence of John Maynard Keynes decided to study Economics.
Detailed explanation-3: -The first attempt to calculate national income of India was made by Dadabhai Naoroji. He estimated a National Income of Rs. 340 crore and per capita income of Rs. 20 in 1867-68.
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