(d) i, ii, iii and iv are correct

(d) ii and iv are correct

d) i, iii and iv are correct

(i) Net National Product (NNP) is arrived by making some adjustment with regard to depreciation.
(ii) Net National Product (NNP) is arrived by deducting the value of depreciation from Gross National Product.
(iii) NNP = GNP - Depreciation

(i) A fast-growing population of working age.
(ii) A strong legal system
(iii) Communication and information technology

a) Primary sector (Agricultural sector) : 
(i) Cattle farm  (ii) Fishing  (iii) Mining
b) Secondary sector : (Industrial sector)
(i) Cotton textiles   (ii) Small scale industries   (iii) Cement 
c) Tertiary sector : (Service sector) 
(i) Government  (ii) Transport  (iii) Banking

i) Study of Economic Growth
ii) Problems of inflation and deflation
iii) Comparison with developed countries of the world
iv) Estimate the purchasing power
v) Study of Public Sector
vi) Guide to economic planning

i) 'National Income is a measure of the total value of goods and services produced by an economy over a period of time, normally a year'.
ii) National Income is called as Gross National Product (GNP) or National Dividend.

a) Several important goods are services left out of the GDP:
i) The GDP includes only the goods and services sold in the market.
ii) The services provided by the parents to their children is very important but it is not included in the GDP because it is not sold in the market.
iii) Likewise clean air, which is vital for a healthy life, has no market value and is left out of the GDP.
b) GDP measures only quantity but not quality :
i) In the 1970s schools and banks did not permit the use of ballpoint pens.
ii) This is because, the ones available in India were of very poor quality.
iii) Since then, not only has there been a substantial increase in the quantity of ballpoint pens produced in India but their quality has also improved a lot.
iv) The improvement in quality of goods is very important but it is not captured by the GDP.
c) GDP does not tell us about the way income is described in the country:
The GDP of a country may be growing rapidly but income may be distributed so unequally that only a small percentage of people may be benefitting from it.
d) The GDP does not tell us about the kind of life people are living:
A high level of per capita real GDP can go hand - in - hand with very low health condition of people, an undemocratic political system, high pollution and high suicide rate.

The government of India has framed many economic policies for increasing the rate of economic growth. The important economic policies are:
a) Agricultural policy:
i) Agricultural policy is the set of government decisions and actions relating to domestic agriculture and imports of foreign agricultural products.
Some agricultural policies:
i) Price policy
ii) Land reform policy
iii) Green Revolution
iv) Irrigation policy
v) Food policy
vi) Agricultural labour policy
vii) Co-operative policy
b) Industrial policy:
i) It is an important aspect of any economy.
ii) It creates employment.
iii) It promotes research and development
iv) It leads to modernization and ultimate makes the economy self-sufficient.
v) It is closely related to development of trade.
Some industrial policies:
i) Textile industry policy
ii) Sugar industry policy
iii) Price policy of industrial growth
iv) Small scale industrial policy
v) Industrial Labour policy
c) New Economic policy:-
The economy of India had undergone policy in the beginning of the 1990s.
Some economic reforms:
i) New model economic reforms is commonly known as the LPG known as Liberalization, Privatization and Globalization
ii) These economic reforms had influenced the overall economic growth of the country in a significant manner.