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Ans – (c) Solution:- National Income = Domestic Income + Factor income from abroad – Factor income to abroad National Income = ₹ 4,700 + ₹ 600 – ₹ 800 National Income = ₹ 4,500 Crores
Ans – (d) Explanation:- GVA at MP = Value of Output – Intermediate Consumption ₹ 7,000 = Value of Output – ₹ 3,000 Value of Output = ₹ 10,000 Crores Sales/Change in stock = 4/1 Sales = 4 (Change in…
Ans – (d) Explanation:- Value Added = Value of Output – Intermediate cost Intermediate Cost = Value Added – Value of Output
Ans – (b) Explanation:- Change in Stock = Closing Stock – Opening Stock Change in Stock = ₹ 100 – ₹ 200 Change in Stock = ₹ (-) 100
Ans – (c) Explanation:- National Statistical Office (NSO) is authorised to calculate National Income of India.
Ans – (b) Explanation:- Now CPI is rising to 5% as compared to 8% than a previous year.
Ans – (a) Explanation:- Expenditure on maintenance by a firm is the intermediate expenditure. Its cost is added to the final goods and services produced by the firm. (b) The purchase of furniture by a firm is the final good…
Ans – (b) Explanation:- Corporation tax is already included in the profit. Adding it separately to the national income would result in double counting. National Income = Compensation of Employees + Mixed Income + Rent (Royalty) + Interest + Profits…
Ans – (c) Explanation:- Broker provides his expertise services that help in the sale and purchase of financial assets. His services are productive services and add to the current flow of goods and services in the economy. Thus, broker’s commission…
Ans – (a) Explanation:- A Festival gift from the employer is the transfer payment as employees do not provide any productive (factor) services against it. House rent allowance and payment of bonus to employees are part of wages and salaries…