Q. Consider the following statements about National Income of India:

1. The first estimate on National income was prepared by Dadabhai Naoroji
2. Currently, the estimate of National Income is prepared by Central Statistics Organisation (CSO)

Which of the above statements is/are correct?
Answer: Both 1 & 2
Notes: The first estimate on National Income was prepared by Dadabhai Naoroji in 1867-68. He estimated National income was Rs 340 crore and per capita income as Rs 20. Currently, the estimate of National Income in India is prepared by Central Statistics Organisation (CSO).