Q. Which of the following method can be used to calculate National Income? Income MethodExpenditure MethodValue Added MethodAll of the above Answer: All of the above

Q. Distributed Profits are known as:- Corporate taxDividendRetained EarningsNone of these Answer: Dividend

Q. The value of intermediate consumption will be…………, If the purchase of raw material is ₹ 1200, exports are ₹ 600 and imports are ₹ 200. 120080018001400 Answer: 1200

Q. Which of the following is a synonym of “Undistributed Profits” Savings of private corporate sectorReserve and surplusRetained earningsAll of these Answer: All of these

Q. Which of the following is not a part of profits? Corporate taxDividendsRetained earningsRoyalty Answer: Royalty

Q. “Income method” is also known as:- Distributive share methodIncome Disposal MethodIndustrial Origin MethodNone of these Answer: Distributive share method

Q. GDP at MP = ₹ 1000 and Subsidies = ₹ 50, then GDP at FC will be:- 10509501000900 Answer: 1050

Q. GNP exceeds NNP by: Amount of total taxesGovernment expenditureTrAnswer:fer PaymentsDifference between gross and net investment Answer: Difference between gross and net investment

Q. From the following information, compute GNP at MP. GDP at FC = ₹ 3,000; Net factor income to abroad = ₹ 200. Indirect Taxes = ₹ 420, Subsidies = ₹ 240. 3,3802,9803,0202,620 Answer: 2,980

Q. Which of the following is included in the compensation of employees? Dearness AllowanceTools were given to employees to be used during workPayment by the insurance company to an injured employeeContribution by employee to the provident fund. Answer: Dearness Allowance

Q. If net national product is given at Marke prices, we_____indirect taxes and______subsidies to get National Income of the economy. Add, SubtractAdd, DivideSubtract, AddSubtract, Divide Answer: Subtract, Add

Q. National Income is equal to: Domestic product plus factor incomes earned from abroadDomestic product plus net factor incomes earned from abroadDomestic product minus factor incomes to abroadDomestic product plus export minus imports Answer: Domestic product plus net factor incomes earned ...