Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits

Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits 
by

1 Answer

Answer :

Pension
by

Related questions

Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits

Description : Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits

Last Answer : (3) Pension Explanation: The income approach equates the total output of a nation to the total factor income received by residents or citizens of the nation. Transfer incomes are excluded from ... wages of labourers will be included, pensions of retired workers will be excluded from national income.

Which one of following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Description : Which one of following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Last Answer : (3) Undistributed profits Explanation: For private corporate sector, retained profits adjusted for non operating surplus/deficit is considered as its Net Saving. Retained profits are those ... commitments to depreciation provision for various fixed assets, debts, government and to shareholders.

Which one of the following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Description : Which one of the following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure

Last Answer : Undistributed profits

Which of these is/are not included in net domestic product at factor cost. (a) Wages or compensation of employees ; (b) Rent, interest, profits or operating surplus; (c) Mixed income ; (d) None

Description : Which of these is/are not included in net domestic product at factor cost. (a) Wages or compensation of employees ; (b) Rent, interest, profits or operating surplus; (c) Mixed income ; (d) None

Last Answer : (d) None

NDP does not include (a) Payments made for income taxes ; (b) Depreciation allowances ; (c) Undistributed profits; (d) The value added from intermediate goods.

Description : NDP does not include (a) Payments made for income taxes ; (b) Depreciation allowances ; (c) Undistributed profits; (d) The value added from intermediate goods.

Last Answer : (b) Depreciation allowances ;

Personal income includes all of the following except (a) Transfer payments ; (b) Undistributed corporate profits; (c) Personal income taxes ; (d) Dividend payments

Description : Personal income includes all of the following except (a) Transfer payments ; (b) Undistributed corporate profits; (c) Personal income taxes ; (d) Dividend payments

Last Answer : (b) Undistributed corporate profits;

Which one of the following is not a method of estimating National Income? (1) Expenditure method (2) Product method (3) Matrix method (4) Income method

Description : Which one of the following is not a method of estimating National Income? (1) Expenditure method (2) Product method (3) Matrix method (4) Income method

Last Answer : (3) Matrix method Explanation: The matrix method is a structural analysis method used as a fundamental principle in many applications in civil engineering. The method is carried out, using ... of measuring national income. The methods are product method, income method and expenditure method.

Which one of the following is not a method of estimating National Income ? (1) Expenditure method (2) Product method (3) Matrix method (4) Income method

Description : Which one of the following is not a method of estimating National Income ? (1) Expenditure method (2) Product method (3) Matrix method (4) Income method

Last Answer : Matrix method 

While estimating national income which of the following is not taken into account? (1) Services of a teacher (2) Services of a doctor (3) Services of a housewife (4) Services of a maid servant

Description : While estimating national income which of the following is not taken into account? (1) Services of a teacher (2) Services of a doctor (3) Services of a housewife (4) Services of a maid servant

Last Answer : (3) Services of a housewife Explanation: Services provided by housewives can be categorized as non-economic services and thus cannot be accounted in national income which is the sum total of all the goods and services produced in a country, in a particular period of time.

While estimating national income which of the following is not taken into account? (1) Services of a teacher (2) Services of a doctor (3) Services of a housewife (4) Services of a maid servant

Description : While estimating national income which of the following is not taken into account? (1) Services of a teacher (2) Services of a doctor (3) Services of a housewife (4) Services of a maid servant

Last Answer : Services of a housewife

Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house

Description : Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house

Last Answer : (3) Winning a lottery Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Transfer payments are not a ... pensions, charity, scholarships etc. Privatesector transfers include charitable donations and prizes to lottery winners.

Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house

Description : Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house 

Last Answer : Winning a lottery

The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Description : The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer : (3) Gross domestic income Explanation: The Gross Domestic Income (GDI) is the total in-come received by all sectors of an economy within a nation. It includes the sum of all wages, profits, ... services), the gross domestic income of a count should exactly equal its gross domestic product (GDP).

The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Description : The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer :  Gross domestic income

Compared to the rich the poor save - (1) A larger part of their income (2) An equal part of their income (3) A smaller part of their income (4) All of their incomes

Description : Compared to the rich the poor save - (1) A larger part of their income (2) An equal part of their income (3) A smaller part of their income (4) All of their incomes

Last Answer : (3) A smaller part of their income Explanation: A "subsistence" or necessary level of consumption produces differences in consumption growth rates across income levels. This implies that poor ... necessities. Institutional and behavioral mechanism also leads to low levels of saving among the poor.

The incomes of Indians working abroad are a part of - (1) domestic income of India (2) income earned from Abroad (3) net domestic product of India (4) gross domestic product of India

Description : The incomes of Indians working abroad are a part of - (1) domestic income of India (2) income earned from Abroad (3) net domestic product of India (4) gross domestic product of India

Last Answer : (3) net domestic product of India Explanation: Domestic Product is the ross money value of all final goods and services produced in the domestic territory of a country during a year. National Product ... by the normal residents of a country during a year. It includes net factor income from abroad.

Compared to the rich the poor save (1) A larger part of their income (2) An equal part of their income (3) A smaller part of their income (4) All of their incomes

Description : Compared to the rich the poor save (1) A larger part of their income (2) An equal part of their income (3) A smaller part of their income (4) All of their incomes

Last Answer : A smaller part of their income

The incomes of Indians working abroad are a part of (1) domestic income of India (2) income earned from Abroad (3) net domestic product of India (4) gross domestic product of India

Description : The incomes of Indians working abroad are a part of (1) domestic income of India (2) income earned from Abroad (3) net domestic product of India (4) gross domestic product of India

Last Answer : net domestic product of India

‘While estimating the national income, only the value of the final goods and services is used.’ -SST 10th

Description : ‘While estimating the national income, only the value of the final goods and services is used.’ -SST 10th

Last Answer : While estimating the performance of a sector, only the value of final goods and services is used. This is for avoiding double counting. The counting of the only the value of final goods and services is used. ... income only the value of the final output; i.e., X 250 should be included not X 700.

.An increases in investment is most likely to be caused by (a) Lower interest rates (b) Expectations of lower national incomes © A decrease in the marginal propensity to consume (d) An increase in withdrawals.

Description : .An increases in investment is most likely to be caused by (a) Lower interest rates (b) Expectations of lower national incomes © A decrease in the marginal propensity to consume (d) An increase in withdrawals.

Last Answer : (a) Lower interest rates

Liabilities (not accumulated profits) of a company include— A. General reserve B. Pension fund C. Dividend equalisation fund. D. Retain earning

Description : Liabilities (not accumulated profits) of a company include— A. General reserve B. Pension fund C. Dividend equalisation fund. D. Retain earning

Last Answer : B. Pension fund

Who conducts periodical sample survery for estimating poverty line in India? (a) National Survery Organisation (b) National Sample Survery Organisation (c) National Sample Survey Organisation (d) None of the above.

Description : Who conducts periodical sample survery for estimating poverty line in India? (a) National Survery Organisation (b) National Sample Survery Organisation (c) National Sample Survey Organisation (d) None of the above.

Last Answer : (b) National Sample Survery Organisation

In calculating National Income which of the following is included? (1) Services of housewives (2) Pensions (3) Income of smugglers (4) Income of watchmen

Description : In calculating National Income which of the following is included? (1) Services of housewives (2) Pensions (3) Income of smugglers (4) Income of watchmen

Last Answer : (4) Income of watchmen Explanation: National Income is defined as the sum total of all the goods and services produced in a country, in a particular period of time. Normally this period ... is neither too short nor long a period. National product is usually used synonymous with National income.

Which one of the following items is included in the national income account? (1) Services of housewives (2) Income of smugglers (3) Services of Sadhus (4) Services of night-watchmen

Description : Which one of the following items is included in the national income account? (1) Services of housewives (2) Income of smugglers (3) Services of Sadhus (4) Services of night-watchmen

Last Answer : (4) Services of nightwatchmen Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Services provided by housewives, ... smugglers and services of sadhus can be categorized as noneconomic services and thus cannot be accounted.

Which one of the following items is included in the national income account? (1) Services of housewives (2) Income of smugglers (3) Services of Sadhus (4) Services of night-watchmen

Description : Which one of the following items is included in the national income account? (1) Services of housewives (2) Income of smugglers (3) Services of Sadhus (4) Services of night-watchmen

Last Answer : Services of night-watchmen

In calculating National Income which of the following is included ? (1) Services of housewives (2) Pensions (3) Income of smugglers (4) Income of watchmen

Description : In calculating National Income which of the following is included ? (1) Services of housewives (2) Pensions (3) Income of smugglers (4) Income of watchmen 

Last Answer : Income of watchmen

National Social Assistance Programme is aimed at providing - (1) financial support to Scheduled Castes and Scheduled Tribes (2) old age pension to very poor (3) insurance for the poor (4) All of the above

Description : National Social Assistance Programme is aimed at providing - (1) financial support to Scheduled Castes and Scheduled Tribes (2) old age pension to very poor (3) insurance for the poor (4) All of the above

Last Answer : (2) old age pension to very poor Explanation: The National Social Assistance Scheme (NSAS) or National Social Assistance Programme (NSAP) is a flagship welfare programme of the Government of India ... and in other cases of undeserved want within the limit of its economic capacity and development.

National Social Assistance Programme is aimed at providing (1) financial support to Scheduled Castes and Scheduled Tribes (2) old age pension to very poor (3) insurance for the poor (4) All of the above

Description : National Social Assistance Programme is aimed at providing (1) financial support to Scheduled Castes and Scheduled Tribes (2) old age pension to very poor (3) insurance for the poor (4) All of the above

Last Answer : old age pension to very poor

Corporation tax is a tax imposed on - (1) the net incomes of the companies (2) the corporate properties (3) the utilities provided by the corporation (4) tax imposed by the corporation on individual properties

Description : Corporation tax is a tax imposed on - (1) the net incomes of the companies (2) the corporate properties (3) the utilities provided by the corporation (4) tax imposed by the corporation on individual properties

Last Answer : (1) the net incomes of the companies Explanation: Corporate Tax is a levy placed on the profit of a firm, with different rates used for different levels of profits. Corporate taxes are ... taxable period. Most countries tax all corporations doing business in the country on income from that country.

The demand for a product would be more inelastic: a. the greater is the time under consideration b. the greater is the number of substitutes available to buyers c. the less expensive is the product in relation to incomes d. all of the above Answers: D C D C A D C A C C

Description : The demand for a product would be more inelastic: a. the greater is the time under consideration b. the greater is the number of substitutes available to buyers c. the less expensive is the product in relation to incomes d. all of the above Answers: D C D C A D C A C C

Last Answer : c. the less expensive is the product in relation to incomes

The demand for a product would be more inelastic: a. the greater is the time under consideration b. the greater is the number of substitutes available to buyers c. the less expensive is the product in relation to incomes d. all of the above

Description : The demand for a product would be more inelastic: a. the greater is the time under consideration b. the greater is the number of substitutes available to buyers c. the less expensive is the product in relation to incomes d. all of the above

Last Answer : b. the greater is the number of substitutes available to buyers

Corporation tax is a tax imposed on (1) the net incomes of the companies (2) the corporate properties (3) the utilities provided by the corporation (4) tax imposed by the corporation on individual properties

Description : Corporation tax is a tax imposed on (1) the net incomes of the companies (2) the corporate properties (3) the utilities provided by the corporation (4) tax imposed by the corporation on individual properties

Last Answer : the net incomes of the companies

Which of these items are excluded in the computation of National Income under value added method? (a) Own acquired fixed assets by the Government enterprises, Govt. and household; (b) Production for self-consumption ; (c) Imputed rent for own occupied house ; (d) All the three

Description : Which of these items are excluded in the computation of National Income under value added method? (a) Own acquired fixed assets by the Government enterprises, Govt. and household; (b) Production for self-consumption ; (c) Imputed rent for own occupied house ; (d) All the three

Last Answer : (d) All the three

Income and expenses for the year 2012 are– Fee Received in Cash – Rs.24,000 Accrued Fee – Rs.6,000 Rent for Chamber Paid – Rs.6,000 Outstanding Rent – Rs.2,000 Salary Paid to Staff – Rs.6,000 Miscellaneous Expenses Paid – Rs.200 Salary paid in advance to staff included in the above : Rs. 1,000. What is the income under accrual basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Description : Income and expenses for the year 2012 are- Fee Received in Cash - Rs.24,000 Accrued Fee - Rs.6,000 Rent for Chamber Paid - Rs.6,000 Outstanding Rent - Rs.2,000 Salary Paid to Staff - Rs.6,000 Miscellaneous Expenses Paid - Rs. ... basis ? (A) Rs. 11,800 (B) Rs. 13,200 (C) Rs. 16,800 (D) Rs. 30,000

Last Answer : Answer: Rs. 13,200

In terms of consumer demand and spending behaviour, marketers are most interested in 1. wealth 2. consumer credit 3. disposable income 4. pretax income 5. high incomes

Description : In terms of consumer demand and spending behaviour, marketers are most interested in 1. wealth 2. consumer credit 3. disposable income 4. pretax income 5. high incomes

Last Answer : disposable income

The incomes of A of B are in the ratio 3:2 and their expenditure are in the ratio 5:3 if each saves rupees 2000, what is their income? a) 32000 b) 20000 c) 1190 d) 8000 e) None of these

Description : The incomes of A of B are in the ratio 3:2 and their expenditure are in the ratio 5:3 if each saves rupees 2000, what is their income? a) 32000 b) 20000 c) 1190 d) 8000 e) None of these

Last Answer : Let the income be 3x and 2x. It is given that the saving of each is Rs. 2000. Then, their expenditures are 3x - 2000 and 2x - 2000 Again, (3x - 2000)/(2x - 2000) = 5/3 => 3(3x - 2000) = 5(2x - ... -x = -4000 => x = 4000 Therefore, their salaries are 3 x 4000 = 12000 and 2 x 4000 = 8000 Answer: d)

In terms of consumer demand and spending behaviour, marketers are most interested in: A)wealth VU Cafeteria B)consumer credit C)disposable income D)pretax income E)high incomes

Description : In terms of consumer demand and spending behaviour, marketers are most interested in: A)wealth VU Cafeteria B)consumer credit C)disposable income D)pretax income E)high incomes

Last Answer : C)disposable income

The incomes of A and B are in the ratio 1 : 2 and their expenditures are in the ratio 2 : 5. If A saves Rs 20,000 and B saves Rs 35,000, what is the total income of A and B? A) Rs 30,000 B) Rs 70,000 C) Rs 90,000 D) Rs 60,000 E) Rs 80,000

Description : The incomes of A and B are in the ratio 1 : 2 and their expenditures are in the ratio 2 : 5. If A saves Rs 20,000 and B saves Rs 35,000, what is the total income of A and B? A) Rs 30,000 B) Rs 70,000 C) Rs 90,000 D) Rs 60,000 E) Rs 80,000

Last Answer : Answer: C Income of A = x, of B = 2x Expenditure of A = 2y, of B = 5y Savings is (income – expenditure). So x – 2y = 20,000 2x – 5y = 35,000 Solve the equations, x = 30,000 So total = x+2x = 3x = 3*30,000 = 90,000

The ratio of the incomes of A and B last year was 9 : 13. Ratio of their incomes of last year to this year is 9 : 10 and 13 : 15 respectively. The sum of their present incomes is Rs 50,000. What is the present income of B? A) Rs 32,000 B) Rs 24,000 C) Rs 20,000 D) Rs 30,000 E) None of these

Description : The ratio of the incomes of A and B last year was 9 : 13. Ratio of their incomes of last year to this year is 9 : 10 and 13 : 15 respectively. The sum of their present incomes is Rs 50,000. What is the present income of B? A) Rs 32,000 B) Rs 24,000 C) Rs 20,000 D) Rs 30,000 E) None of these

Last Answer : Answer: D ratio of the incomes of A and B last year was 9x : 13y Now given that ratio of the incomes of A and B last year was 9 : 13. So 9x/13y = 9/13 This gives x = y Total of incomes of A ... = 50,000 This gives x = 2,000 So present income of B = 15y = 15x = 15*2000 = 30,000

Which of these is an example of a transfer payment? (a) Profit ; (b) Retirement pension ; (c) Rent ; (d) Transportation and freight charges

Description : Which of these is an example of a transfer payment? (a) Profit ; (b) Retirement pension ; (c) Rent ; (d) Transportation and freight charges

Last Answer : ; (b) Retirement pension ;

Determine which of the following method of accounting maybe used in the calculation of income under the head- “Profits and gains from business and profession” or “Income from other sources”? a) Mercantile system of accounting b) Cash system of accounting c) Both of the above maybe used d) casual accounting

Description : Determine which of the following method of accounting maybe used in the calculation of income under the head- Profits and gains from business and profession or Income from other sources ? a) Mercantile ... b) Cash system of accounting c) Both of the above maybe used d) casual accounting

Last Answer : c) Both of the above maybe used

The method of calculating the national income by the product method is otherwise known as : (1) Income method (2) Value added method (3) Expenditure method (4) Net output method

Description : The method of calculating the national income by the product method is otherwise known as : (1) Income method (2) Value added method (3) Expenditure method (4) Net output method

Last Answer : (4) Net output method Explanation: Primarily there are three methods of measuring national income. Which method is to be employed depends on the availability of data and purpose. The methods ... account. In this method, National Output = National Expenditure (Aggregate Demand) = National Income.

Which one of the following is not a method of measurement of National Income? (1) Value Added Method (2) Income Method (3) Investment Method (4) Expenditure Method

Description : Which one of the following is not a method of measurement of National Income? (1) Value Added Method (2) Income Method (3) Investment Method (4) Expenditure Method

Last Answer : (3) Investment Method Explanation: Primarily there are three methods of measuring national income. The methods are product method, income method and expenditure method. Product method is given by Dr. Alfred ... properties where evidence of rates is slight, such as hotels, cinema, car park and etc.

Which one of the following is not a method of measurement of National Income ? (1) Value Added Method (2) Income Method (3) Investment Method (4) Expenditure Method

Description : Which one of the following is not a method of measurement of National Income ? (1) Value Added Method (2) Income Method (3) Investment Method (4) Expenditure Method

Last Answer : Investment Method 

The method of calculating the national income by the product method is otherwise known as : (1) Income method (2) Value added method (3) Expenditure method (4) Net output method

Description : The method of calculating the national income by the product method is otherwise known as : (1) Income method (2) Value added method (3) Expenditure method (4) Net output method

Last Answer : Net output method

Which one of the following items is not included in the current account of India's Balance of Payments? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Description : Which one of the following items is not included in the current account of India's Balance of Payments? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Last Answer : (2) Non-monetary gold movements Explanation: Balance of payments (BoP) accounts are an accounting record of all monetary transactions between a country and the rest of the world. These ... factor income (earnings on foreign investments minus payments made to foreign investors) and cash transfers.

Which one of the following items is not included in the current account of India’s Balance of Payments ? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Description : Which one of the following items is not included in the current account of India’s Balance of Payments ? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Last Answer : Non-monetary gold movements

Which of the following is not required while computing Gross National Product (GNP)? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Description : Which of the following is not required while computing Gross National Product (GNP)? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Last Answer : (3) Per capita income of citizens Explanation: Gross National Product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the ... measures the value of goods and services that the country's citizens produced regardless of their location.

Which of the following is not required while computing Gross National Product (GNP) ? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Description : Which of the following is not required while computing Gross National Product (GNP) ? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Last Answer : Per capita income of citizens 

Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Description : Transfer payments include : (1) Gifts received from a friend (2) rent free accommodation by the employer (3) net factor income from abroad (4) Employee's contribution to social security

Last Answer : (4) Employee's contribution to social security Explanation: A transfer payment is a oneway payment of money for which no money, good, or service is received in exchange. Governments ... payments include welfare (financial aid), social security, and government making subsidies for certain businesses