Question : Which of the following is NOT included in national income based on the expenditure method?

Option 1: Personal consumption expenditure

Option 2: Government expenditure

Option 3: Net exports

Option 4: Personal savings

Question : Which of the following is included in national income based on the expenditure method?

Option 1:  

Social Security benefits

Option 2: Capital investments by businesses

Option 3: Foreign aid received by the country

Option 4: Personal income taxes

Question : Which of the following precautions are taken while calculating national income from income method?

Option 1: Transfers income are not included in the national income.

Option 2: Income from sale of secondhand goods will not be included.

Option 3: Income from sale of shares, bonds and debentures will not be included.

Option 4: All of the above.

Question : The personal income of households can be calculated in which of the following ways?

Option 1: National income + Undistributed profits – Net interest payments – Corporate tax + Transfer payments from the government and firms.

Option 2: National income – Undistributed profits – Net interest payments – Corporate tax + Transfer payments from the government and firms.

Option 3: National income – Undistributed profits + Net interest payments – Corporate tax –Transfer payments from the government and firms.

Option 4: National income – Undistributed profits – Net interest payments – Corporate tax –Transfer payments from the government and firms.

Question : Which of the following is not included while estimating national income through income method?

Option 1: Rent

Option 2: Mixed Incomes

Option 3: Pension

Option 4: Undistributed profits