Question 1

There are methods of measuring national income:

Accepted Answer

A) 5 
B) 2 
C) 1 
D) 3 
A) 5 
B) 2 
C) 1 
D) 3

Question 2

This statement is true

Accepted Answer

A) NI = rent + interest + wages + profit 
B) NI = rent + interest + wages + taxes 
C) NI = Govt. expenditure + interest + wages + profit 
D) NI = rent + interest + wages + pensions 
A) NI = rent + interest + wages + profit 
B) NI = rent + interest + wages + taxes 
C) NI = Govt. expenditure + interest + wages + profit 
D) NI = rent + interest + wages + pensions

Question 3

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 4

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 (Central statistical organization) 
D) Ministry of consumer Affairs 
A) Ministry of Finance 
B) Ministry of Commerce and Industry 
C) Ministry of Central Statistical and Program Implementation (Central statistical organization) 
D) Ministry of consumer Affairs

Question 5

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

There are methods of measuring national income:

This statement is true

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

Which Ministry is responsible for calculating GDP in India?

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

Economics : Macroeconomics, Factors, Goods, and Indicators

National Income and Final Goods

Money and Monetary Policy: Understanding the Characteristics and Functions of Currency and Government Securities

Money and Inflation

Macroeconomic Concepts and Theories

Economics and Public Finance

Understanding Public Finance and Business Cycles

Filters

Exam 2: Understanding National Income, GDP, and Economic Sectors in India

There are methods of measuring national income:

This statement is true

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

Which Ministry is responsible for calculating GDP in India?

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

Economics : Macroeconomics, Factors, Goods, and Indicators

National Income and Final Goods

Money and Monetary Policy: Understanding the Characteristics and Functions of Currency and Government Securities

Money and Inflation

Macroeconomic Concepts and Theories

Economics and Public Finance

Understanding Public Finance and Business Cycles

Filters