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प्रश्न
How should the following be treated while estimating national income? You must give the reason in support of your answer.
Addition to stocks during a year
उत्तर
Addition to stocks during a year will be included in the estimation of national income because it forms a part of the gross domestic capital formation and is included in the capital stock.
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संबंधित प्रश्न
With the increase in income, both consumption and savings increase.
National income is the sum of factor incomes accruing to : (Choose the correct alternative)
(a) Nationals
(b) Economic territory
(c) Residents
(d) Both residents and non-residents
Unforseen obsolescence of fixed capital assets during production is: (Choose the correct alternative)
a. Consumption of fixed capital
b. Capital loss
c. Income loss
d. None of the above
If real income is Rs 400 and price index is 105, calculate nominal income.
A government of India has recently launched 'Jan-Dhan Yojana' aimed at every household in the country to have at least one bank account. Explain how deposits made under the plan are going to affect the national income of the country.
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
Calculate 'Net National Product at Market Price' and 'Personal Income'.
| (Rs crore) | ||
| (i) | Transfer payments by government | 7 |
| (ii) | Government final consumption expenditure | 50 |
| (iii) | Net imports | -10 |
| (iv) | Net domestic fixed capital formation | 60 |
| (v) | Private final consumption expenditure | 300 |
| (vi) | Private income | 280 |
| (vii) | Net factor income to abroad | -5 |
| (viii) | Closing stock | 8 |
| (ix) | Opening stock | 8 |
| (x) | Depreciation | 12 |
| (xi) | Corporate tax | 60 |
| Xii | Retained earnings of corporatio | 20 |
Distinguish between.
Personal income and National Income.
(b) decreases
(c) becomes equal
(d) becomes zero
Write explanatory notes.
Output method of measurement of national income.
State whether the following statement is true or false.
Inclusion of value of intermediate goods leads to double counting.
Match the following groups:
| Group A | Group B | ||
| 1) | Income method | a) | Personal income – direct taxes |
| 2) | Unemployment allowance | b) | Money value of goods and services |
| 3) | Disposable Income | c) | Factor cost method |
| 4) | National Income | d) | Personal income subsidy |
| 5) | NNP(MP) | e) | Transfer payment |
| f) | GNP(MP) - Depreciation | ||
| g) | Output method | ||
| h) | Transfer income | ||
Fill in the blank with appropriate alternatives given below
In India, the responsibility for the calculation of national income rests with _________.
Distinguish between the following.
Personal income and Disposable income
What is the difference between NNP and NDP?
Trace the relationship between GNP and NNP.
Differentiate between personal and disposable income.
The market price of all final goods of a country in a year is known as:
Which one is true?
What is ‘National Income’?
