Tag: methods of national income

Questions Related to methods of national income

Expenditure on foreign financial assets is included in national income under the expenditure method on ________.

  1. gross basis

  2. net basis

  3. real time basis

  4. none of the above


Correct Option: B

Aggregate of factor incomes of all the factors of production of all the producing units form the subject matter of _______.

  1. Value Added Method

  2. Income method

  3. Expenditure Method

  4. None of the above


Correct Option: B

Goods produced in preceding periods are ___________ national income under expenditure method.

  1. excluded from

  2. included from

  3. no specific rule

  4. none of above


Correct Option: A

Expenditure on raw materials and intermediate goods and services is ___________ national income.

  1. excluded from

  2. included from

  3. no specific rule

  4. none of above


Correct Option: A

Net National Expenditure can also be calculated as __________.

  1. Gross National Expenditure $-$ Replacement expenditure

  2. Gross National Expenditure $+$ Replacement expenditure

  3. Gross National Expenditure $-$ depreciation

  4. Gross National Expenditure $+$ depreciation


Correct Option: C

Under the expenditure method _________.

  1. expenditure on financial assets which are produced and owned within the country is excluded

  2. expenditure on financial assets of foreign countries is included

  3. both above are true

  4. none is true


Correct Option: C

For developed economies which of the following methods is most suitable?

  1. Value Added Method

  2. Income Method

  3. Expenditure Method

  4. Product Method


Correct Option: B

These days, an increasing proportion of national income is being measured by _______.

  1. Value Added Method

  2. Income Method

  3. Expenditure Method

  4. Product Method


Correct Option: C

Gini co-efficient is used for measuring poverty in _____________ sense.

  1. absolute

  2. relative

  3. gross

  4. net


Correct Option: B

In India, poverty is measured in ___________ terms.

  1. absolute

  2. relative

  3. both

  4. none of the above


Correct Option: A