{"id":52185,"date":"2026-06-18T11:59:12","date_gmt":"2026-06-18T06:29:12","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=52185"},"modified":"2026-06-18T11:59:16","modified_gmt":"2026-06-18T06:29:16","slug":"concept-of-national-income","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/","title":{"rendered":"RBI Grade B ESI Notes and Practice Quiz on National Income"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#What_is_National_Income_in_Economics\" >What is National Income in Economics?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#Download_Practice_Questions_on_RBI_Grade_B_ESI_Free_Quiz_on_National_Income\" >Download Practice Questions on RBI Grade B ESI Free Quiz on National Income<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#Attempt_Free_Quiz_on_National_Income_and_Per_Capita_Income\" >Attempt Free Quiz on National Income and Per Capita Income<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#What_are_the_main_concepts_of_National_Income\" >What are the main concepts of National Income?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#What_is_GNP_and_how_is_it_calculated\" >What is GNP and how is it calculated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#What_is_GDP_and_how_is_it_different_from_GNP\" >What is GDP and how is it different from GNP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#What_is_NNP_and_National_Income_at_Factor_Cost\" >What is NNP and National Income at Factor Cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#What_are_personal_income_and_disposable_income\" >What are personal income and disposable income?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#Why_is_National_Income_important_for_RBI_Grade_B_ESI_exam\" >Why is National Income important for RBI Grade B ESI exam?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>National Income is one of the most important topics in Economics for competitive exams like RBI Grade B, NABARD Grade A, SSC CGL, SBI PO, and other government exams. It helps us understand how the overall income of a country is measured and how economic performance is evaluated. For aspirants preparing for the Economic and Social Issues (ESI) section of the exam conducted by the Reserve Bank of India, this topic forms a strong conceptual base.<\/p>\n\n\n\n<p>In this blog, we will simplify all major concepts of National Income like GDP, GNP, NNP, National Income at factor cost, Personal Income, and Disposable Income in an easy and exam-oriented way. At the end, you will also get a quick practice quiz for revision.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-national-income-in-economics\"><span class=\"ez-toc-section\" id=\"What_is_National_Income_in_Economics\"><\/span>What is National Income in Economics?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>National Income refers to the total monetary value of all final goods and services produced by a country in a given period of time, usually one year. It shows the economic strength of a nation and helps in comparing growth over time. <\/p>\n\n\n\n<p>In simple terms, it is the total income earned by a country from production activities. It includes income earned by citizens both inside and outside the country. It is widely used in economic planning, policy making, and exam questions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Measures total economic output of a country<\/li>\n\n\n\n<li>Calculated annually<\/li>\n\n\n\n<li>Includes income from residents and businesses<\/li>\n\n\n\n<li>Used for economic comparison and policy decisions<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b-mock-test\/?ref=contac-rbi-esi-ni-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt a Free RBI Grade b mock Test<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-practice-questions-on-rbi-grade-b-esi-free-quiz-on-national-income\"><span class=\"ez-toc-section\" id=\"Download_Practice_Questions_on_RBI_Grade_B_ESI_Free_Quiz_on_National_Income\"><\/span>Download Practice Questions on RBI Grade B ESI Free Quiz on National Income <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This section provides a carefully designed set of practice questions on National Income and Per Capita Income for RBI Grade B ESI aspirants. These questions are created to help you strengthen your conceptual clarity and improve your problem-solving speed.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><strong><a href=\"https:\/\/www.oliveboard.in\/rbi-grade-b-esi-topic-wise-practice-quiz-pdf\/?ref=contac-rbi-esi-ni-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Free PDF<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-attempt-free-quiz-on-national-income-and-per-capita-income\"><span class=\"ez-toc-section\" id=\"Attempt_Free_Quiz_on_National_Income_and_Per_Capita_Income\"><\/span>Attempt Free Quiz on National Income and Per Capita Income<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This free quiz is designed to test your understanding of important concepts related to National Income and Per Capita Income in a simple and exam-oriented way. It covers fundamental definitions, formulas, and conceptual differences that are essential for RBI Grade B preparation.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> Quiz on National Income <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. What does National Income represent?<\/p>\n  <button data-correct=\"false\">Total value of intermediate goods produced in a year<\/button>\n  <button data-correct=\"true\">Total monetary value of all final goods and services produced by a country&#8217;s residents in a year<\/button>\n  <button data-correct=\"false\">Total government expenditure in a fiscal year<\/button>\n  <button data-correct=\"false\">Total exports of a country in a year<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. Which agency is responsible for national income estimation in India?<\/p>\n  <button data-correct=\"false\">Reserve Bank of India (RBI)<\/button>\n  <button data-correct=\"false\">NITI Aayog<\/button>\n  <button data-correct=\"true\">National Statistical Office (NSO) under MoSPI<\/button>\n  <button data-correct=\"false\">Ministry of Finance<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. What is the formula for Per Capita Income?<\/p>\n  <button data-correct=\"false\">Per Capita Income = GDP \/ Total Exports<\/button>\n  <button data-correct=\"true\">Per Capita Income = National Income \/ Total Population<\/button>\n  <button data-correct=\"false\">Per Capita Income = GNP \u2013 Depreciation<\/button>\n  <button data-correct=\"false\">Per Capita Income = Total Savings \/ Population<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. What does GDP measure?<\/p>\n  <button data-correct=\"false\">Total income earned by residents abroad<\/button>\n  <button data-correct=\"true\">Total monetary value of all final goods and services produced within a country&#8217;s geographical boundaries over a year<\/button>\n  <button data-correct=\"false\">Total income after deducting taxes<\/button>\n  <button data-correct=\"false\">Average income per person in a country<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. How is GNP different from GDP?<\/p>\n  <button data-correct=\"false\">GNP excludes net factor income from abroad<\/button>\n  <button data-correct=\"true\">GNP includes value of goods produced domestically along with net income earned from abroad<\/button>\n  <button data-correct=\"false\">GNP only considers government expenditure<\/button>\n  <button data-correct=\"false\">GNP and GDP are identical measures<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. What is Net Domestic Product (NDP)?<\/p>\n  <button data-correct=\"false\">GDP plus depreciation<\/button>\n  <button data-correct=\"false\">GNP minus net factor income from abroad<\/button>\n  <button data-correct=\"true\">GDP minus depreciation<\/button>\n  <button data-correct=\"false\">Total exports minus total imports<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. Which of the following is the formula for Net National Product (NNP)?<\/p>\n  <button data-correct=\"false\">NNP = GDP + Net Factor Income from Abroad<\/button>\n  <button data-correct=\"true\">NNP = GNP \u2013 Depreciation<\/button>\n  <button data-correct=\"false\">NNP = GDP \u2013 Indirect Taxes + Subsidies<\/button>\n  <button data-correct=\"false\">NNP = Personal Income \u2013 Taxes<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. What does Disposable Personal Income (DPI) refer to?<\/p>\n  <button data-correct=\"false\">Total income before tax deductions<\/button>\n  <button data-correct=\"false\">Income earned by government employees<\/button>\n  <button data-correct=\"true\">Portion of personal income left after deducting personal taxes<\/button>\n  <button data-correct=\"false\">Total corporate profits after tax<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. What is Factor Cost?<\/p>\n  <button data-correct=\"false\">Market Price + Net Indirect Taxes<\/button>\n  <button data-correct=\"true\">Market Price \u2013 Net Indirect Taxes<\/button>\n  <button data-correct=\"false\">GDP + Subsidies<\/button>\n  <button data-correct=\"false\">NNP + Depreciation<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. Which method of measuring national income calculates the value added at each stage of production?<\/p>\n  <button data-correct=\"false\">Income Method<\/button>\n  <button data-correct=\"false\">Expenditure Method<\/button>\n  <button data-correct=\"true\">Production Method (Output Method)<\/button>\n  <button data-correct=\"false\">Transfer Payment Method<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. The Expenditure Method of measuring national income is expressed as:<\/p>\n  <button data-correct=\"true\">GDP = C + I + G + NX<\/button>\n  <button data-correct=\"false\">GDP = Wages + Rent + Interest + Profit<\/button>\n  <button data-correct=\"false\">GDP = Total Output \u2013 Intermediate Consumption<\/button>\n  <button data-correct=\"false\">GDP = GNP \u2013 Depreciation<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. Which component of National Income includes business expenditure on machinery and buildings?<\/p>\n  <button data-correct=\"false\">Consumption (C)<\/button>\n  <button data-correct=\"false\">Government Spending (G)<\/button>\n  <button data-correct=\"true\">Investment (I)<\/button>\n  <button data-correct=\"false\">Net Exports (X-M)<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. Transfer payments such as pensions are NOT included in Government Spending (G) in national income because:<\/p>\n  <button data-correct=\"false\">They are too small to measure<\/button>\n  <button data-correct=\"true\">They do not correspond to production of goods or services<\/button>\n  <button data-correct=\"false\">They are part of household consumption<\/button>\n  <button data-correct=\"false\">They reduce national income<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. A trade surplus means:<\/p>\n  <button data-correct=\"false\">Imports exceed exports, reducing national income<\/button>\n  <button data-correct=\"true\">Exports exceed imports, adding to national income<\/button>\n  <button data-correct=\"false\">Government expenditure exceeds revenue<\/button>\n  <button data-correct=\"false\">Investment exceeds savings<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. Net National Income (NNI) is calculated as:<\/p>\n  <button data-correct=\"false\">GDP \u2013 Depreciation<\/button>\n  <button data-correct=\"false\">GNP + Net Factor Income<\/button>\n  <button data-correct=\"true\">GNP \u2013 Depreciation<\/button>\n  <button data-correct=\"false\">GDP + Subsidies \u2013 Taxes<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. Which international organisations use national income statistics to assess global economic trends?<\/p>\n  <button data-correct=\"false\">WTO and WHO<\/button>\n  <button data-correct=\"true\">World Bank, IMF, and United Nations<\/button>\n  <button data-correct=\"false\">OPEC and G20<\/button>\n  <button data-correct=\"false\">ASEAN and BRICS<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. Per Capita Income increases when:<\/p>\n  <button data-correct=\"false\">National income grows at a slower rate than population<\/button>\n  <button data-correct=\"false\">Population grows faster than national income<\/button>\n  <button data-correct=\"true\">National income grows faster than population<\/button>\n  <button data-correct=\"false\">Imports exceed exports<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. Which of the following is a limitation of National Income measurement?<\/p>\n  <button data-correct=\"false\">It accounts for all informal transactions<\/button>\n  <button data-correct=\"false\">It perfectly captures income distribution<\/button>\n  <button data-correct=\"true\">Non-monetised transactions like household chores go unrecorded<\/button>\n  <button data-correct=\"false\">It always avoids double counting<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. Why does Per Capita Income fail to reflect income inequality?<\/p>\n  <button data-correct=\"false\">It uses GNP instead of GDP<\/button>\n  <button data-correct=\"true\">It is an average figure that does not show how income is distributed among the population<\/button>\n  <button data-correct=\"false\">It excludes government income<\/button>\n  <button data-correct=\"false\">It only counts formal sector income<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. Which government scheme provides financial assistance to small businesses and entrepreneurs for self-employment?<\/p>\n  <button data-correct=\"false\">Skill India Mission<\/button>\n  <button data-correct=\"false\">PM Gati Shakti<\/button>\n  <button data-correct=\"true\">Pradhan Mantri Mudra Yojana (PMMY)<\/button>\n  <button data-correct=\"false\">Stand-Up India Scheme<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437394_8652&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437394_8652\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 44px; width: 204px; border: 0px; margin: -2px -10px;\"><\/iframe><\/div><\/div>\n                   <\/div>\n                   <h6 class=\"signup-subheader\">Or, register with email<\/h6>\n                   <label class=\"errormsg txt-red courseUp\"><\/label>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                        <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-uemail\" required=\"\">\n                        <span class=\"floating-label\" style=\"top: 19px; font-size: 12px;\">Email Id<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mobile-black.svg\" alt=\"\"><\/span>\n                        <input type=\"text\" maxlength=\"10\" name=\"monum\" class=\"formcontrol ob-inputfield\" id=\"course-uphone\" required=\"\">\n                        <span class=\"floating-label\">Mobile Number<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                        <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-upassword\" required=\"\">\n                        <span class=\"floating-label\">Password<\/span>\n                   <\/div>\n                   <button type=\"button\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseUpValidation('home','IBPS','https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common');return false;\" id=\"courseup\">REGISTER<\/button>\n                    <p class=\"obls-footer\">Already a user?<button type=\"button\" class=\"btn btn-xs btn-switch-obls btn-show-modal-login\" id=\"btn-show-modal-login\">Login<\/button><\/p>\n               <\/div> \n            <\/div> \n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<div class=\"modal modal-obls\" id=\"modal-login\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group2\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-run-health.svg\" alt=\"\"><\/span>\n                   <div id=\"login-group-abc\" class=\"lfp-group-abc\"><!-- start login group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Login\"><\/span>Login<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <label class=\"errormsg txt-red courseIn\"><\/label>\n                       <div class=\"formcontrol-group disable-loginemail\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-email\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginnext-group\" id=\"loginnext-group\"><!-- pass and captcha -->\n                           <div class=\"formcontrol-group\">\n                                <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                                <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-password\" required=\"\">\n                                <span class=\"floating-label\">Password<\/span>\n                           <\/div>\n                           <div style=\"display:none\" id=\"img-oblcaptcha\" class=\"captcha-img-blk\">\n                           <\/div>\n                           <div style=\"display:none\" class=\"formcontrol-group captcha-input-blk\">\n                                <input type=\"text\" name=\"pwd1\" value=\"1\" class=\"formcontrol ob-inputfield\" id=\"lcaptcha-code\" required=\"\">\n                                <span class=\"floating-label\">Enter text you see in the image<\/span>\n                           <\/div>\n                       <\/div><!-- pass and captcha -->\n                       \n                       <div class=\"btn-forgotpwd-group\"><button id=\"btn-forgotpwd\" class=\"btn btn-forgotpwd\">Forgot Password?<\/button><\/div>\n                       <button type=\"button\" id=\"coursein1\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseInValidation1()\">Next<\/button>\n                       <button type=\"button\" id=\"coursein\" class=\"btn btn-md btn-tblue btn-obls coursein\" onclick=\"courseInValidation('https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common')\">Submit<\/button>\n                       <form method=\"post\" action=\"https:\/\/login.oliveboard.in\/login\/next.php\" id=\"snf1\">\n                        <input type=\"hidden\" name=\"email\" value=\"\" id=\"lemailnext\">\n                        <\/form>\n                   <\/div><!-- end login group -->\n                   <div id=\"forgotpwd-group-abc\" class=\"lfp-group-abc forgotpwd-group-abc\"><!-- start forgotpwd group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Forgot_Password\"><\/span>Forgot Password<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <p class=\"secintro-txt\">Please enter the Email ID we will send you a Email with the link to reset the password.<\/p>\n                       <label class=\"errormsg txt-red rePassMsg\"><\/label>\n                       <div class=\"formcontrol-group formcontrol-group-fp\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"remail\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginas-group loginas-group1\">\n                            <button type=\"button\" id=\"btn-fpwd-cancel\" class=\"btn btn-md btn-white btn-cancel btn-fpwd-cancel\">Cancel<\/button>\n                            <button type=\"button\" id=\"lreset\" class=\"btn btn-md btn-tblue btn-fpwd-submit\" onclick=\"resetPassword()\">Submit<\/button>\n                       <\/div>\n                    <\/div><!-- end forgotpwd group --> \n                   <h6 class=\"login-subheader\">Or, login with<\/h6>\n                   <div class=\"loginas-group loginas-group2 loginas-group-single\">\n\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><div tabindex=\"0\" role=\"button\" aria-labelledby=\"button-label\" class=\"nsm7Bb-HzV7m-LgbsSe  hJDwNd-SxQuSe i5vt6e-Ia7Qfc uaxL4e-RbRzK\"><div class=\"nsm7Bb-HzV7m-LgbsSe-MJoBVe\"><\/div><div class=\"nsm7Bb-HzV7m-LgbsSe-bN97Pc-sM5MNb \"><div class=\"nsm7Bb-HzV7m-LgbsSe-Bz112c\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 48 48\" class=\"LgbsSe-Bz112c\"><g><path fill=\"#EA4335\" d=\"M24 9.5c3.54 0 6.71 1.22 9.21 3.6l6.85-6.85C35.9 2.38 30.47 0 24 0 14.62 0 6.51 5.38 2.56 13.22l7.98 6.19C12.43 13.72 17.74 9.5 24 9.5z\"><\/path><path fill=\"#4285F4\" d=\"M46.98 24.55c0-1.57-.15-3.09-.38-4.55H24v9.02h12.94c-.58 2.96-2.26 5.48-4.78 7.18l7.73 6c4.51-4.18 7.09-10.36 7.09-17.65z\"><\/path><path fill=\"#FBBC05\" d=\"M10.53 28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; }\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 10 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=contac-rbi-esi-ni-pq\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Explore RBI Grade B Courses<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-main-concepts-of-national-income\"><span class=\"ez-toc-section\" id=\"What_are_the_main_concepts_of_National_Income\"><\/span>What are the main concepts of National Income?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>National Income is not a single measure. It is studied using different concepts like GDP, GNP, NNP, and others. Each concept gives a different view of economic activity.<\/p>\n\n\n\n<p>These concepts help in understanding production, income distribution, and overall economic welfare of a country. For exams like RBI Grade B ESI, understanding differences between these concepts is very important.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gross National Product (GNP)<\/li>\n\n\n\n<li>Gross Domestic Product (GDP)<\/li>\n\n\n\n<li>Net National Product (NNP)<\/li>\n\n\n\n<li>National Income at Factor Cost<\/li>\n\n\n\n<li>Personal Income (PI)<\/li>\n\n\n\n<li>Disposable Personal Income (DPI)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-gnp-and-how-is-it-calculated\"><span class=\"ez-toc-section\" id=\"What_is_GNP_and_how_is_it_calculated\"><\/span>What is GNP and how is it calculated?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Gross National Product (GNP) is the total value of final goods and services produced by the residents of a country in one year, whether inside or outside the country. It focuses on nationality rather than location.<\/p>\n\n\n\n<p>GNP includes consumption, investment, government spending, and net exports. It is a broader measure than GDP because it also includes income from abroad.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Formula:<\/strong> GNP = C + I + G + (X &#8211; M)<\/li>\n\n\n\n<li><strong>Where:<\/strong>\n<ul class=\"wp-block-list\">\n<li>C = Consumption<\/li>\n\n\n\n<li>I = Investment<\/li>\n\n\n\n<li>G = Government expenditure<\/li>\n\n\n\n<li>X &#8211; M = Net exports<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Important features:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Flow concept (measured over time)<\/li>\n\n\n\n<li>Includes income from abroad<\/li>\n\n\n\n<li>Excludes income of foreign residents in the country<\/li>\n\n\n\n<li>Focuses on citizens\u2019 production<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/free-quizzes-for-regulatory-exams\/?ref=contac-rbi-esi-ni-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt Free Regulatory Practice Quiz<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-gdp-and-how-is-it-different-from-gnp\"><span class=\"ez-toc-section\" id=\"What_is_GDP_and_how_is_it_different_from_GNP\"><\/span>What is GDP and how is it different from GNP?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Gross Domestic Product (GDP) measures the total value of goods and services produced within the geographical boundaries of a country in a year. It includes production by both domestic and foreign companies operating in the country. The main difference is that GDP focuses on location, while GNP focuses on nationality.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Basis<\/strong><\/td><td><strong>GDP<\/strong><\/td><td><strong>GNP<\/strong><\/td><\/tr><tr><td>Meaning<\/td><td>Output within country borders<\/td><td>Output by citizens anywhere<\/td><\/tr><tr><td>Focus<\/td><td>Geography<\/td><td>Nationality<\/td><\/tr><tr><td>Foreign income<\/td><td>Included in domestic production<\/td><td>Net foreign income added<\/td><\/tr><tr><td>Formula relation<\/td><td>GDP = GNP &#8211; Net foreign income<\/td><td>GNP = GDP + Net foreign income<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-nnp-and-national-income-at-factor-cost\"><span class=\"ez-toc-section\" id=\"What_is_NNP_and_National_Income_at_Factor_Cost\"><\/span>What is NNP and National Income at Factor Cost?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Net National Product (NNP) is calculated by subtracting depreciation from GNP. Depreciation refers to wear and tear of capital goods like machinery. NNP gives a clearer picture of actual production because it removes the loss of capital value. When NNP is calculated at factor cost, it becomes National Income.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Formulas:<\/strong>\n<ul class=\"wp-block-list\">\n<li>NNP = GNP &#8211; Depreciation<\/li>\n\n\n\n<li>National Income = NNP at Factor Cost<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Key points:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Shows net production after capital loss<\/li>\n\n\n\n<li>Used as true measure of national income<\/li>\n\n\n\n<li>Important for economic analysis<\/li>\n\n\n\n<li>Excludes depreciation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-circulars\/?ref=contac-rbi-esi-ni-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Also Attempt RBI Circulars Practice Quiz<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-personal-income-and-disposable-income\"><span class=\"ez-toc-section\" id=\"What_are_personal_income_and_disposable_income\"><\/span>What are personal income and disposable income?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Personal Income (PI) is the income actually received by individuals in a year. It includes wages, rent, interest, and transfer payments like pensions and subsidies.<\/p>\n\n\n\n<p>Disposable Personal Income (DPI) is the income left after paying personal taxes. It shows how much money people can actually spend or save.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Formulas:<\/strong>\n<ul class=\"wp-block-list\">\n<li>PI = National Income + Transfer Payments &#8211; (Undistributed profits + Taxes + Social security contributions)<\/li>\n\n\n\n<li>DPI = PI &#8211; Personal Taxes<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Key differences:<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Concept<\/strong><\/td><td><strong>Meaning<\/strong><\/td><td><strong>Use<\/strong><\/td><\/tr><tr><td>Personal Income<\/td><td>Income received by individuals<\/td><td>Measures actual earnings<\/td><\/tr><tr><td>Disposable Income<\/td><td>Income after taxes<\/td><td>Shows spending power<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/test-series\/?ref=contac-rbi-esi-ni-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Take a fREE Regulatory exam mock test<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-national-income-important-for-rbi-grade-b-esi-exam\"><span class=\"ez-toc-section\" id=\"Why_is_National_Income_important_for_RBI_Grade_B_ESI_exam\"><\/span>Why is National Income important for RBI Grade B ESI exam?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>National Income is a core topic in the Economic and Social Issues section of competitive exams. It helps candidates understand economic performance, inflation trends, and policy decisions.<\/p>\n\n\n\n<p>For aspirants of the Reserve Bank of India Grade B exam, this topic is frequently asked in MCQs and descriptive questions. A clear understanding helps in solving conceptual and calculation-based questions easily.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Frequently asked in exams like RBI Grade B, NABARD Grade A, SSC CGL<\/li>\n\n\n\n<li>Builds foundation for macroeconomics<\/li>\n\n\n\n<li>Helps in understanding GDP growth and inflation<\/li>\n\n\n\n<li>Useful for current affairs and reports<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Check:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>RBI Circulars Practice Quiz<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/rbi-circulars\/?ref=contac-rbi-esi-ni-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Free PDF<\/a><\/td><\/tr><tr><td>RBI Bulletin Practice Quiz<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/rbi-bulletin\/?ref=contac-rbi-esi-ni-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Free PDF<\/a><\/td><\/tr><tr><td>SEBI Circular Quiz<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/sebi-circulars\/?ref=contac-rbi-esi-ni-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Free PDF<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1781763395823\"><strong class=\"schema-faq-question\">1. What is National Income?<\/strong> <p class=\"schema-faq-answer\">National Income is the total monetary value of all final goods and services produced in a country in one year.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1781763396770\"><strong class=\"schema-faq-question\">2. What is GDP?<\/strong> <p class=\"schema-faq-answer\">GDP is the total value of all final goods and services produced within a country\u2019s geographical boundaries in one year.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1781763397494\"><strong class=\"schema-faq-question\">3. What is GNP?<\/strong> <p class=\"schema-faq-answer\">GNP is the total value of goods and services produced by a country\u2019s residents, inside and outside the country in one year.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1781763398472\"><strong class=\"schema-faq-question\">4. What is the main difference between GDP and GNP?<\/strong> <p class=\"schema-faq-answer\">GDP measures location-based production, while GNP measures production by a country\u2019s citizens.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1781763399045\"><strong class=\"schema-faq-question\">5. What is the formula of GNP (Expenditure method)?<\/strong> <p class=\"schema-faq-answer\">GNP = C + I + G + (X \u2212 M), where C is consumption, I is investment, G is government spending, and X\u2212M is net exports.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-exam-analysis\/\">RBI Grade B Phase 2 Exam Analysis 25th and 26th July 2026<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-finance-mind-maps\/\">RBI Grade B Finance Mind Maps, Download Free PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-esi-mind-maps\/\">RBI Grade B ESI Mind Maps, Download Free PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-phase-2-descriptive-questions\/\">RBI Grade B Phase 2 Descriptive Questions 2026, Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-esi-descriptive-questions\/\">RBI Grade B Phase 2 ESI Descriptive Questions 2026, Download Free PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-exam-preparation-strategy-phase-ii\/\">RBI Grade B Phase 2 Preparation, Subject Wise Detailed Strategy<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>National Income is one of the most important topics in Economics for competitive exams like RBI Grade B, NABARD Grade<\/p>\n","protected":false},"author":50,"featured_media":245888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2586,10237,10247],"tags":[],"class_list":["post-52185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notes","category-preparation-resources","category-rbi-sebi-nabard","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI Grade B ESI Notes and Practice Quiz on National Income<\/title>\n<meta name=\"description\" content=\"Understand the concept of National Income in detail and practice a free quiz based on important concepts and terms for the upcoming exam.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI Grade B ESI Notes and Practice Quiz on National Income\" \/>\n<meta property=\"og:description\" content=\"National Income is one of the most important topics in Economics for competitive exams like RBI Grade B, NABARD Grade A, SSC CGL, SBI PO, and other\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-18T06:29:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-18T06:29:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Saloni Singhal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saloni Singhal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/\"},\"author\":{\"name\":\"Saloni Singhal\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c\"},\"headline\":\"RBI Grade B ESI Notes and Practice Quiz on National Income\",\"datePublished\":\"2026-06-18T06:29:12+00:00\",\"dateModified\":\"2026-06-18T06:29:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/\"},\"wordCount\":1813,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp\",\"articleSection\":[\"Notes\",\"Prep Resources\",\"Regulatory Exams\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#respond\"]}]},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/\",\"name\":\"RBI Grade B ESI Notes and Practice Quiz on National Income\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp\",\"datePublished\":\"2026-06-18T06:29:12+00:00\",\"dateModified\":\"2026-06-18T06:29:16+00:00\",\"description\":\"Understand the concept of National Income in detail and practice a free quiz based on important concepts and terms for the upcoming exam.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763395823\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763396770\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763397494\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763398472\"},{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763399045\"}],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#primaryimage\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp\",\"contentUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp\",\"width\":730,\"height\":480},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Prep Resources\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/preparation-resources\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Notes\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/preparation-resources\/notes\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Notes on National Income\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"name\":\"Oliveboard\",\"description\":\"Free Govt. Exam Alerts &amp; Resources\",\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.oliveboard.in\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\",\"name\":\"Oliveboard\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png\",\"contentUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png\",\"width\":150,\"height\":40,\"caption\":\"Oliveboard\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Oliveboard\",\"https:\/\/x.com\/Oliveboard\",\"https:\/\/www.instagram.com\/oliveboard.in\/\",\"https:\/\/www.youtube.com\/channel\/UCRvrHAyNdOMI_JBkE2pjZtw?sub_confirmation=1\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c\",\"name\":\"Saloni Singhal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f8e45ca2a8735ececd655303f3a85afa321fcdddba928755147c8130ee19b5aa?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f8e45ca2a8735ececd655303f3a85afa321fcdddba928755147c8130ee19b5aa?s=96&d=mm&r=g\",\"caption\":\"Saloni Singhal\"},\"description\":\"Hello there! I'm a dedicated Government Job aspirant turned passionate writer &amp; content marketer. My blogs are a one-stop destination for accurate and comprehensive information on exam categories like Regulatory Bodies, Banking, SSC, State PSCs, and more. I am on a mission to provide you with all the details you need, conveniently in one place. When I am not writing and marketing, you will find me happily experimenting in the kitchen, cooking up delightful treats. Join me on this journey of knowledge and flavors!\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763395823\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763395823\",\"name\":\"1. What is National Income?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"National Income is the total monetary value of all final goods and services produced in a country in one year.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763396770\",\"position\":2,\"url\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763396770\",\"name\":\"2. What is GDP?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"GDP is the total value of all final goods and services produced within a country\u2019s geographical boundaries in one year.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763397494\",\"position\":3,\"url\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763397494\",\"name\":\"3. What is GNP?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"GNP is the total value of goods and services produced by a country\u2019s residents, inside and outside the country in one year.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763398472\",\"position\":4,\"url\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763398472\",\"name\":\"4. What is the main difference between GDP and GNP?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"GDP measures location-based production, while GNP measures production by a country\u2019s citizens.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763399045\",\"position\":5,\"url\":\"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763399045\",\"name\":\"5. What is the formula of GNP (Expenditure method)?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"GNP = C + I + G + (X \u2212 M), where C is consumption, I is investment, G is government spending, and X\u2212M is net exports.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RBI Grade B ESI Notes and Practice Quiz on National Income","description":"Understand the concept of National Income in detail and practice a free quiz based on important concepts and terms for the upcoming exam.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/","og_locale":"en_US","og_type":"article","og_title":"RBI Grade B ESI Notes and Practice Quiz on National Income","og_description":"National Income is one of the most important topics in Economics for competitive exams like RBI Grade B, NABARD Grade A, SSC CGL, SBI PO, and other","og_url":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/","og_site_name":"Oliveboard","article_publisher":"https:\/\/www.facebook.com\/Oliveboard","article_published_time":"2026-06-18T06:29:12+00:00","article_modified_time":"2026-06-18T06:29:16+00:00","og_image":[{"width":730,"height":480,"url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp","type":"image\/webp"}],"author":"Saloni Singhal","twitter_card":"summary_large_image","twitter_creator":"@Oliveboard","twitter_site":"@Oliveboard","twitter_misc":{"Written by":"Saloni Singhal","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#article","isPartOf":{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/"},"author":{"name":"Saloni Singhal","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c"},"headline":"RBI Grade B ESI Notes and Practice Quiz on National Income","datePublished":"2026-06-18T06:29:12+00:00","dateModified":"2026-06-18T06:29:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/"},"wordCount":1813,"commentCount":0,"publisher":{"@id":"https:\/\/www.oliveboard.in\/blog\/#organization"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#primaryimage"},"thumbnailUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp","articleSection":["Notes","Prep Resources","Regulatory Exams"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#respond"]}]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/","url":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/","name":"RBI Grade B ESI Notes and Practice Quiz on National Income","isPartOf":{"@id":"https:\/\/www.oliveboard.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#primaryimage"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#primaryimage"},"thumbnailUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp","datePublished":"2026-06-18T06:29:12+00:00","dateModified":"2026-06-18T06:29:16+00:00","description":"Understand the concept of National Income in detail and practice a free quiz based on important concepts and terms for the upcoming exam.","breadcrumb":{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763395823"},{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763396770"},{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763397494"},{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763398472"},{"@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763399045"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#primaryimage","url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp","contentUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2020\/12\/RBI-1.webp","width":730,"height":480},{"@type":"BreadcrumbList","@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.oliveboard.in\/blog\/"},{"@type":"ListItem","position":2,"name":"Prep Resources","item":"https:\/\/www.oliveboard.in\/blog\/category\/preparation-resources\/"},{"@type":"ListItem","position":3,"name":"Notes","item":"https:\/\/www.oliveboard.in\/blog\/category\/preparation-resources\/notes\/"},{"@type":"ListItem","position":4,"name":"Notes on National Income"}]},{"@type":"WebSite","@id":"https:\/\/www.oliveboard.in\/blog\/#website","url":"https:\/\/www.oliveboard.in\/blog\/","name":"Oliveboard","description":"Free Govt. Exam Alerts &amp; Resources","publisher":{"@id":"https:\/\/www.oliveboard.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.oliveboard.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.oliveboard.in\/blog\/#organization","name":"Oliveboard","url":"https:\/\/www.oliveboard.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png","contentUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png","width":150,"height":40,"caption":"Oliveboard"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Oliveboard","https:\/\/x.com\/Oliveboard","https:\/\/www.instagram.com\/oliveboard.in\/","https:\/\/www.youtube.com\/channel\/UCRvrHAyNdOMI_JBkE2pjZtw?sub_confirmation=1"]},{"@type":"Person","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c","name":"Saloni Singhal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f8e45ca2a8735ececd655303f3a85afa321fcdddba928755147c8130ee19b5aa?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f8e45ca2a8735ececd655303f3a85afa321fcdddba928755147c8130ee19b5aa?s=96&d=mm&r=g","caption":"Saloni Singhal"},"description":"Hello there! I'm a dedicated Government Job aspirant turned passionate writer &amp; content marketer. My blogs are a one-stop destination for accurate and comprehensive information on exam categories like Regulatory Bodies, Banking, SSC, State PSCs, and more. I am on a mission to provide you with all the details you need, conveniently in one place. When I am not writing and marketing, you will find me happily experimenting in the kitchen, cooking up delightful treats. Join me on this journey of knowledge and flavors!"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763395823","position":1,"url":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763395823","name":"1. What is National Income?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"National Income is the total monetary value of all final goods and services produced in a country in one year.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763396770","position":2,"url":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763396770","name":"2. What is GDP?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"GDP is the total value of all final goods and services produced within a country\u2019s geographical boundaries in one year.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763397494","position":3,"url":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763397494","name":"3. What is GNP?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"GNP is the total value of goods and services produced by a country\u2019s residents, inside and outside the country in one year.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763398472","position":4,"url":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763398472","name":"4. What is the main difference between GDP and GNP?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"GDP measures location-based production, while GNP measures production by a country\u2019s citizens.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763399045","position":5,"url":"https:\/\/www.oliveboard.in\/blog\/concept-of-national-income\/#faq-question-1781763399045","name":"5. What is the formula of GNP (Expenditure method)?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"GNP = C + I + G + (X \u2212 M), where C is consumption, I is investment, G is government spending, and X\u2212M is net exports.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/52185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/comments?post=52185"}],"version-history":[{"count":2,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/52185\/revisions"}],"predecessor-version":[{"id":245889,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/52185\/revisions\/245889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media\/245888"}],"wp:attachment":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media?parent=52185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/categories?post=52185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/tags?post=52185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}