WBCS.LIVE practice question

Which of the following statements is/are FALSE? I. The impact of externality is always positive. II. Real national income means national income at constant prices.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Only II
  2. Only I
  3. Neither I nor II
  4. Both I and II

Correct answer and explanation

Correct answer: Only I