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Indian Economy: Concepts, Reforms & Indicators
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Which of the following statements is/are incongruous with national income?
(a) It measures net value of goods and services produced in a country during a year.
(b) It includes net earned foreign income.
(c) It measures the stock of commodities held by the nationals at a point of time.
AnswerClick to flip back
A
Only (c)
💡 Explanation:
A measure of stock of commodities held by the nationals at a point of time is national wealth and not national income.