Tag: methods of measuring national income

Questions Related to methods of measuring national income

One of the problems in correctly estimating national income in India is _____________.

economics measurement of national income methods of national income methods of measuring national income national income analysis

  1. low savings

  2. inflation

  3. under-employment

  4. self-consumption

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Correct Option: D

Which of the following equations is correct?

economics measurement of national income methods of national income methods of measuring national income national income analysis

  1. Value at Factor Cost plus Indirect Taxes minus Subsidies = Value at Market Prices

  2. Value at Factor Cost minus Indirect Taxes minus Subsidies = Value at Market Prices

  3. Value at Factor Cost plus Indirect Taxes plus Subsidies = Value at Market Prices

  4. Value at Factor Cost minus Indirect Taxes plus Subsidies = Value at Market Prices

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Correct Option: A

Which of the following is not a problem in the estimation of India's national income?

economics measurement of national income methods of national income methods of measuring national income national income analysis

  1. Rapid industrialization

  2. Non-monetised consumption

  3. Illiterate people

  4. People holding multiple jobs

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Correct Option: A

Which of the following items are-not included in estimating National income?

economics measurement of national income methods of national income methods of measuring national income national income analysis

  1. Salary income of artists, dancers and singers.

  2. Income of smugglers.

  3. Payments to farm workers in foodgrains.

  4. Payments of bank interest for capital borrowed.

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Correct Option: B