Tag: methods of measuring national income

Questions Related to methods of measuring national income

If Willingness to Save is less, the level of ________ will be higher.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Government regulated Savings

  2. Compulsory Savings

  3. Forced Savings

  4. All of the above

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Correct Option: D

Expenditure Method focusses on measurement of National Income at _____________________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. phase of Production of Goods and Services

  2. phase of Income Distribution

  3. phase of Income Disposition

  4. all of the above

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Correct Option: C

_________ method is suitable for measuring National Income in the case of Agricultural sector.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Product

  2. Income

  3. Expenditure

  4. All of the above

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Correct Option: A

Income method focusses on measurement of National Income at ______________________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. phase of Production of Goods and Services

  2. phase of Income Distribution

  3. phase of Income Disposition

  4. all of the above

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Correct Option: B

The production method of calculating national income is also known as _______________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. value added method

  2. income method

  3. expenditure method

  4. none of the above

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Correct Option: A

National income may be computed under _________ method.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. product

  2. income

  3. expenditure

  4. all of the above

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Correct Option: D

NNP at factor cost in 2010-11 was __________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. Rs. 20,41,776 crore

  2. Rs. 42,60,000 crore

  3. Rs. 27,64,795 crore

  4. Rs. 21,40,536 crore

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Correct Option: B

The three methods of computing national income are ___________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. production, outlay and income methods

  2. balance of payments, income and consumption methods

  3. savings, investment and income methods

  4. outlay, depreciation and product methods

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Correct Option: A

Mixed income of the self employed means __________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. gross profits received by proprietors

  2. rent, interest and profit of an enterprise

  3. combined factor payments, which are not distinguishable

  4. wages due to family workers

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Correct Option: C
Explanation:

Mixed income of the self employed means combined factor payments of rent, wages, interest and profits received by the self-employed professional, which are not distinguishable.

Product Method focuses on measurement of National Income at _______________.

business economics and quantitative methods measurement of national income methods of national income methods of measuring national income national income analysis

  1. phase of Production of Goods and Services

  2. phase of Income Distribution

  3. phase of Income Disposition

  4. all of the above

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Correct Option: A