17 Views

Question : Which of the following is not a component of national income?

 

Option 1: Compensation of employees

Option 2: Operating surplus

Option 3: Taxes on production and imports

Option 4: Net exports


Team Careers360 20th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Taxes on production and imports


Solution : The correct answer is c) Taxes on production and imports.

The components of national income, which are used to calculate Gross Domestic Product (GDP)

 Taxes on production and imports are not considered a component of national income. Taxes on production and imports, such as sales taxes or value-added taxes, are treated as part of the cost of production or consumption and are not included as a separate component of national income.

 

Related Questions

Amity University, Noida : MBA...
Apply
Ranked among top 10 B-Schools in India by multiple publications | Top Recruiters-Google, MicKinsey, Amazon, BCG & many more.
Amity University Noida B.Tech...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
UPES B.Tech Admissions 2026
Apply
Ranked #43 among Engineering colleges in India by NIRF | Highest Package 1.3 CR , 100% Placements
Amity University, Noida | Law...
Apply
Among top 100 Universities Globally in the Times Higher Education (THE) Interdisciplinary Science Rankings 2026
XIME Bangalore PGDM Admission...
Apply
Accredited by AICTE & NBA | Highest CTC 14.7 LPA | Average CTC 10.5 LPA | Key Recruiters: EY, Deloitte, KPMG, HCL
UPES Integrated LLB Admission...
Apply
Ranked #18 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS Rankings | 16 LPA Highest CTC
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books