Q. Which of the following is the correct definition for the Gross Domestic Product (GDP) of a country? The Gross Domestic Product is the total monetary value of the economic transactions within a country in a given year The Gross Domestic Product is the total value of both monetary and non-monetary goods and services in […]
Q. Which of the following is true for Disposable Income? Disposable Income is the difference between Private Income and Indirect Taxes Disposable Income is the difference between Personal Income and Indirect Taxes Disposable Income is the difference between Private Income and Direct Taxes Disposable Income is the difference between Personal Income and Direct Taxes Answer:
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Q. Which of the following is another term for the Net National Product at factor cost? Personal Income National Income Gross National Product Net Domestic Product Answer: National Income
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Q. Which of the following is not a part of the National Income? Undistributed profits Income from government expenditure The interest amount on the unproductive national debt The payments made by a household to a firm for purchasing goods and services Answer: The interest amount on the unproductive national debt
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Government Initiatives for Welfare of Children ✓• Mission Vatsalya: It is a scheme of Government of India to secure a healthy and happy childhood for every child in India. The Mission’s objectives are to assist the States and UTs in implementing the provisions of JJ Act, 2015 and achieve SDG goals. It will include service
Q. Which of the following is the actual definition of transfer payments? Transfer payments refer to the payments made as compensation to the employees within an organisation Transfer payments refer to the payments made to workers on transferring from one job to another Transfer payments refer to the payments made without any exchange of goods
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Q. The difference between the National Income and the Net National Product at market price is known as _______. National debt transfer Current transfers from the rest of the world Net indirect taxes All of the above Answer: Net indirect taxes
Q. Which of the following is the employment theory related to? Macroeconomics Static economics Microeconomics None of the above Answer: Macroeconomics
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Q. Which of the following is the correct term for calculating National Income at constant prices? Current income Domestic income Real income None of the above Answer: Real income
Q. Which of the following is a method to measure the National Income? Expenditure method Income method Product method All of the above Answer: All of the above
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