The difference between National Income and Domestic income is that of:
Ans – (b) National Income = Domestic Income + Net Factor income from Abroad Net Factor income from abroad = National Income – Domestic Income
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GNP at Market Price is measured as:
Ans – (d) GNP at Market Price can be calculated from any of the following ways. (a) GNP at MP = NDP at FC + Depreciation + Net Indirect taxes + Net Factor Income from Abroad (b) GNP at MP…
Net Investment = _________.
Ans – (a) Net Investment = Gross Investment – Depreciation
National Income includes:
Ans – (b) Only Factor Income is included in National Income.
______ goods remain within the production boundary and are not ready for use by their final users
Ans – (c) Intermediate goods are still within the production boundary and are not ready for use by their final users.
Net Indirect Taxes = ______.
Ans – (b) Net Indirect Taxes = Indirect Taxes – Subsidies
If in an economy, the value of net Factor Income from Abroad is ₹ 200 crores and the value of Factor Income to Abroad is ₹ 40 crores, Identify the value of Factor Income from Abroad
Ans – (c) Solution:- Net Factor income from abroad = Factor income from abroad – Factor income to abroad ₹ 200 = Factor income from abroad – ₹ 40 Factor income from abroad = ₹ 240 Crores
A car purchased by a household is a ______ . (Choose the correct alternative).
Ans – (c) A car purchased by a household is a durable consumer good as consumer would avail its services for many years.
Which of the following is not a factor payment? (Choose the correct alternative)
Ans – d) Scholarship given to the students is not a factor payment as no productive service or goods are provided against it. Free uniform to defence personnel is the factor payment as they provide services to the nation against…
Foreign Embassies in India are part of India’s:
Ans – (d) Foreign Embassies in India are part of the domestic territory of their native country. For example, the Japanese embassy in India is the part of domestic (economic) territory of Japan, not india.