From the set of statements given in Column I and Column II, Choose the correct pair of statements:
From the set of statements given in Column I and Column II, Choose the correct pair of statements:
| Column I | Column II |
| (a) National Income at Current Price | (i) Real National Income |
| (b) Value Added | (ii) Value of Output – Change in Stock |
| (c) Mixed Income | (iii) Income generated by own-account workers |
| (d) Income Method | (iv) Commodity Service Method |
Anurag Pathak Changed status to publish December 11, 2023
Ans – (c) Mixed Income – (iii) Income generated by own-account workers
Explanation:-
(a)
National Income at Current Price is the Nominal National Income not the Real National Income.
(b)
Value added = Value of Output – Intermediate Consumption
(c)
Mixed Income = Income generated by own account workers
(d)
Income Method is not called commodity service method. Commodity service method is alternative name of value added method.
Anurag Pathak Changed status to publish December 11, 2023
