Q. In which type of country, domestic income is equal to national income? open Economy Closed Economy Both a) and b) Neither a) nor b) Answer: Closed Economy
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Q. If economic subsidies are added to and indirect taxes are subtracted from the national income at market prices, then it will be equal to: Domestic Income National Income Gross national product at market prices Gross Domestic product at factor cost Answer: National Income
Q. Which of the following is not a component of operating surplus? Interest Rent Royalty Compensation of Employees Answer: Compensation of Employees
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International Day of Peace celebrates on 21st September: Each year the International Day of Peace is observed around the world on 21 September. The UN General Assembly has declared this as a day devoted to strengthening the ideals of peace, through observing 24 hours of non-violence and cease-fire. This year’s theme is “End racism. Build peace.”
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Q. Out of the following, which aggregate represents ‘National Income’? NNP at MP GNP at FC NNP at FC GNP at MP Answer: NNP at FC
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Gross Direct Tax Collection Registered Growth of 30% in 2022-23: The Central Board of Direct Taxes(CBDT) in a statement said that the net direct tax collections so far this financial year are at ₹700,669 crore, an increase of 23% as compared to ₹568,147 crore till the same period of the corresponding financial year. The total includes corporation tax of ₹368,484 crore and personal income
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Q. Goods purchased for the following purpose are final goods: For the satisfaction of wants For investment in firm Both 1 and 2 None of the above Answer: Both 1 and 2
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World Alzheimer’s Day 2022 observed on 21st September: Alzheimer’s disease is one of the most brutal and painful diseases to experience for an individual and their loved ones. To raise awareness about the downfalls of the disease and motivate those who suffer from it, World Alzheimer’s Day is celebrated each year across the globe on
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Q. If factor income received from abroad is equal to factor income paid abroad, then which of the following is not a valid statement? National income = Domestic Income NDP at FC + Depreciation = GNP at FC NDP at FC + Depreciation = GNP at MP All are valid Answer: NDP at FC +
Q. Foreign embassies in India are a part of India’s Economic territory Geographical territory both a) and b) None of the above Answer: Geographical territory
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