Q. According to the income method, domestic income is equal to: Rend and Royalty + Interest + Profit + Compensation of employees + Mixed-Income Operating surplus + Compensation of employees + Income of self-employed Both 1 and 2 Neither 1 nor 2 Answer: Both 1 and 2
According to the income method, domestic income is equal to Read More »
Q. Gross Domestic Capital Formation can be calculated as:- Gross Fixed Capital Formation + Inventory Investment Gross Business Fixed Investment + Gross Residential Construction Investment Gross Public Investment + Inventory Investment Net Capital Formation + Consumption of Fixed Capital All of these Answer: All of these
Gross Domestic Capital Formation can be calculated as Read More »
Q. “operating surplus” refers to: Income from property Income from entrepreneurship Income from property and entrepreneurship None of these Answer: Income from property and entrepreneurship
Q. Which of the following is not included in the compensation of employees? Wages and Salaries in cash Wages and Salaries in kind Employees’ contribution to social security schemes Employer’s contribution to social security schemes Answer: Employees’ contribution to social security schemes
Which of the following is not included in the compensation of employees? Read More »
Q. When the entire output is sold in an accounting year, the the value of output is equal to: Sales + Change in Stock Sales Sales – Change in the stock None of these Answer: Sales
Q. Which of the following is included in domestic income? Factor income from abroad Windfall gains Capital Gains Bonus for employees Answer: Bonus for employees
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Q. If NDP at FC = ₹ 1500 and Net Factor Income to Abroad = ₹500, then NNP at FC will be:- 2000 1500 1000 2500 Answer: 1000
If NDP at FC = ₹ 1500 and Net Factor Income to Abroad = ₹500, then NNP at FC will be Read More »
Q. Which of the following is a part of the Expenditure Method? Rent and Royalty Mixed Income Net Exports Sales Answer: Net Exports
Which of the following is a part of the Expenditure Method? Read More »
Q. Net Exports is calculated as: Exports + Imports Exports – Imports Imports – Exports None of these Answer: Exports – Imports
Q. If a farmer sells wheat to a miller for ₹ 500 and a miller sells flour to the baker for ₹ 700 and baker sells bread to the consumer for ₹ 1000, then the total value added by miller and baker are: 500 300 1700 1200 Answer: 500
