Tag: methods of national income

Questions Related to methods of national income

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

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

Show answer
Correct Option: B