Tag: methods of measuring national income

Questions Related to methods of measuring national income

Net National product (NNP) at factor cost was ________ in 1950-51.

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

  1. Rs. 92,367 crore

  2. Rs. 1,02,367 crore

  3. Rs. 1,22,367 crore

  4. Rs. 2,04,924 crore

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Correct Option: D

___________ method is suitable for measuring National Income in the case Small Scale 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: B

Value Added Method is used to measure _______________.

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

  1. national income

  2. domestic income

  3. gross income

  4. personal income

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Correct Option: A

Which of the following items are included in computing National Income under Income Method?

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

  1. Transfer Incomes

  2. Illegal Incomes

  3. Incomes earned by Owners of Primary Factors of Production

  4. All of the above

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Correct Option: C

_____________ method is suitable for measuring National Income in the case of Developed Countries where all persons file their income-tax returns.

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: B

Which of the following items are included in computing National Income under Product Method?

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

  1. Own account production of Fixed Assets by Government,Enterprises and Households

  2. Production for Self-Consumption,

  3. Imputed Rent of owner-occupied houses

  4. All of the above

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Correct Option: D

The annual flow of Factor Earnings in the form of Wages,Rents,Interests and Profits accrued from Labour, Land, Capital and Organization respectively are taken into account  in which of the following approaches to measuring National Income?

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

  1. Income Approach

  2. Expenditure Approach

  3. Product Approach

  4. All the approaches consider Factor Earnings

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Correct Option: A

_____________ method is suitable for measuring National Income in the case of construction 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: C

In which of the following approaches is National Income measured by calculating the Total Value of the Final Output of a country?

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

  1. Income Approach

  2. Product Approach

  3. Expenditure Approach

  4. No such measures exist, where final output of a country is considered for measuring National Income

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Correct Option: B

The Net Values Added method of measuring 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. Net Output Method

  2. Production Method

  3. Industry of Origin Method

  4. All of the above

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Correct Option: D