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प्रश्न
How should the following be treated in estimating National Income of a Country? Give valid reasons.
Profit earned by Foreign Banks in India.
उत्तर
Foreign bank profits in India are included in the estimation of national income.
Reason:
Profits earned by foreign banks are considered a component of operating surplus under the National Income accounting framework. It is one of the GDP components. Regardless of nationality, GDP measures the value of products and services produced inside a country.
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संबंधित प्रश्न
Calculate National Income from the following data:
| S.No. | Particulars | Rs.in crores |
| (i) | Private final consumption expenditure | 900 |
| (ii) | Profit | 100 |
| (iii) | Government final consumption expenditure | 400 |
| (iv) | Net indirect taxes | 100 |
| (v) | Gross domestic capital formation | 250 |
| (vi) | Change in stock | 50 |
| (vii) | Net factor income from abroad | (-)40 |
| (viii) | Consumption of fixed capital | 20 |
| (ix) | Net imports | 30 |
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
Which of the following affects national income? (Choose the correct alternative)
(a) Goods and Service tax
(b) Corporation tax
(c) Subsidies
(d) None of the above
Give reasons or Explain the following statements
Services of housewives are excluded from national income.
Give reason or Explain the following statement :
Paid services are included in national income.
Answer in brief.
Give different definitions of National Income.
Answer the following question:
What is double counting of national income?
Distinguish between:
National income at market prices and national income at factor cost
Define or explain the following concept:
National income
Define or explain the following concept:
Depreciation
State whether the following statement is true or false.
National income is computed every year.
GNP =______ + Net factor income from abroad.
When net factor income from abroad is deducted from NNP, the net value is______.
The average income of the country is______.
Write the formula for calculating GNP.
GDPFC = ____________.
Total national income divided by total population is known as:
Which of the following is not a component of domestic income?
