mcq on national income class 12

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Free classes & tests. (iv) Profit earned by a branch of Indian Bank in London.ANS. It is his salary. (iv) It is included in NI of India because it is a part of NFIA. (i) Rent received by a resident Indian from his property in Singapore. (i) It should be included in NI because it is a part of the compensation of employees (salary in kind).

While calculating NI by income method, compensation of employees is to be included while doing so, income tax to be paid by them should not be included separately.

Numerically to determine private income, personal income, personal disposable income, National disposable income (net and … = 700 + 3500 + 1000 + 1500 + 300 + 200Hence it is proved that Net Value Added at factor cost = Income GeneratedCBSE Class 12 Economics HOTs Economics National Income and Related Aggregates.

(ii) It is included in NI because it is a part of the final consumption expenditure on domestic product. (v) Yes, It is included in NI since it is paid for rendering productive services. (iv) Salary paid to Indians working in Indian embassy in America. Calculate private income, personal income, personal disposable income and National disposable income from the following data: (Rs. i. It includes expenditure by residents and non- residents both. (vi) It should be included in NI of India because they render productive services as professionals. (i) Services rendered by family members to each other. Do you need help with

(iii) Yes, It is a factor income in domestic territory. (iii) It is included in NI because it is a factor income. economics questions and answers multiple choice on topic of national income for interview, entry test and competitive examination freely available to download for pdf export carbon & its compounds (ii) It should be included in NI because defence service is considered final service so far as it provides peaceful and secure environment to the citizens. nazma sk in Lakhs) (i) Purchase by Firm A from the rest of the world                        40(ii) Sales by Firm B                                                                  100(iii) Purchases by Firm A from Firm B                                         60(iv) Sales by Firm A                                                                 120(v) Exports by Firm A                                                               40(vi) Opening stock of Firm A                                                     45(vii) Closing stock of Firm A                                                      30(viii) Opening stock of Firm B                                                   40(ix) Closing stock of Firm B                                                      30(x) Purchases by Firm B from Firm A                                        60Value Added by Firm A = (iv) + [(vii) – (vi)] – (i) – (iii)                                 = 120 + [30 – 45] – 40 – 60Value Added by Firm B = (ii) + [(ix) – (viii)] - (x)                                 = 100 + [30 – 40] - 60Q.4.

(v) Commission paid to agent for the sale and purchase of shares.