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Giving Reason Explain How the Following Should Be Treated in the Estimation of National Income: Payment of Interest by a Bank to an Individual - Economics

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प्रश्न

Giving reason explain how the following should be treated in the estimation of national income:

Payment of interest by a bank to an individual

उत्तर

Payment of interest by a bank to an individual is included in the estimation of national income because the bank has used the amount of saving of an individual for productive purposes.

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2014-2015 (March) All India Set 1

संबंधित प्रश्न

In order to avoid double counting, value added approach is used.


Explain various types of investment expenditure.


Giving reason explain how should the following be treated in the estimation of national income:

Expenditure by a firm on payment of fees to a chartered accountant


Giving reason explain how the following should be treated in the estimation of national income:

Payment of interest by an individual to a bank


Giving reasons explain how should the following be treated in the estimation of national income:

Purchase of machinery by a factory for own use


How should the following be treated while estimating national income? You must give the reason in support of your answer.

Bonus paid to employees


Write explanatory answer:

Explain the output method of measuring national income.


State whether the following statement is True or False 

Total Revenue = Total quantity x Price.


Define or explain the following concept.

Disposable income.


Fill in the blanks using proper alternatives given in the brackets 

Personal Income - Direct Tax = ________________ 


 State whether the following statements are TRUE or FALSE with reason. 

National income is a flow concept. 


Answer the following question:

Explain the concept of Gross domestic product at market prices.


Distinguish between:
National income at market prices and national income at factor cost


Define or explain the following concept:

Depreciation


Give reason or explain the following statement:

Income from second hand sale of goods is excluded from national income.


Give reason or explain the following statement:

National income estimates are accurate in India.


Explain the meaning of non-market activities.


Consider the following statements and identify the right ones.

  1. Personal income refers to the income of individuals of a country.
  2. The income at their disposal after paying direct taxes is called disposable income.

How should the following be treated in estimating National Income of a Country? Give valid reasons.

Expenditure on upgradation of fixed asset by a firm.


Explain the meaning of national income.


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