Question 1

Which statement is true?

Accepted Answer

A) national expenditure = national income 
B) national expenditure = national income + national savings 
C) national expenditure = national income + taxes 
D) national expenditure = national income - taxes 
A) national expenditure = national income 
B) national expenditure = national income + national savings 
C) national expenditure = national income + taxes 
D) national expenditure = national income - taxes

Question 2

Which is not added in the calculation of national income of India?

Accepted Answer

A) the value of goods and services 
B) the sold value of the old fridge 
C) services rendered by the housewives 
D) both [b] & [c] 
A) the value of goods and services 
B) the sold value of the old fridge 
C) services rendered by the housewives 
D) both [b] & [c]

Question 3

Which Ministry is responsible for calculating GDP in India?

Accepted Answer

A) ministry of finance 
B) ministry of commerce and industry 
C) ministry of central statistical and program implementation 
D) ministry of consumer affairs 
A) ministry of finance 
B) ministry of commerce and industry 
C) ministry of central statistical and program implementation 
D) ministry of consumer affairs

Which statement is true?

Which is not added in the calculation of national income of India?

Which Ministry is responsible for calculating GDP in India?

Key Concepts in Macroeconomics and Economic History

National Income and Classical Theory of Employment

Economic Concepts and Policies

Understanding Inflation, Business Cycles, and Monetary Policy

International Trade Theories and Concepts

Understanding Terms of Trade and International Trade Policies

International Trade Policies and Organizations

International Trade and Economic Policies

Balance of Payment and International Trade

International Trade and Finance

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 1

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 2

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Exam 2: National Income and GDP Calculation in India

Which statement is true?

Which is not added in the calculation of national income of India?

Which Ministry is responsible for calculating GDP in India?

Key Concepts in Macroeconomics and Economic History

National Income and Classical Theory of Employment

Economic Concepts and Policies

Understanding Inflation, Business Cycles, and Monetary Policy

International Trade Theories and Concepts

Understanding Terms of Trade and International Trade Policies

International Trade Policies and Organizations

International Trade and Economic Policies

Balance of Payment and International Trade

International Trade and Finance

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 1

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 2

Filters