GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who had estimated National Income in India first?
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Dadabhai Naoroji
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R.C. Dutt
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V.K.R.V. Rao
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R. Gadgil
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Explanation:
Detailed explanation-1: -(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 Professor VKRV Rao .
Detailed explanation-2: -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. The first scientific method was made by Professor VKRV Rao in 1931-32 but was not very satisfactory.
Detailed explanation-3: -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.
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