Multiple choice

Which of the following statements is incorrect?

  1. National income is a flow, not a stock.

  2. National income measures only the net value of goods and services produced in a country during a year; not the net earned foreign income.

  3. In India, national income estimates are related with the financial year (April 1 to March 31).

  4. In India, Central Statistical Organisation (CSO) regularly publishes national income data.
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B Correct answer
Explanation

National income measures the net value of goods and services produced in a country during a year and it also includes net earned foreign income.

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