Question : Which of the following is not one of the methods of national income estimation?

Option 1: Banking method

Option 2: Expenditure method

Option 3: Product method

Option 4: Income method

Question : The Gross domestic product (GDP) estimation method measuring the aggregate value of goods and services produced by the firms is called _______.

Option 1: expenditure method

Option 2: consumption method

Option 3: income method

Option 4: product method

Question : ____________ measures the aggregate production of final goods and services taking place within the domestic economy during a year.

Option 1: Gross national income

Option 2: Gross domestic product

Option 3: Net national product

Option 4: National income at factor price

Question : What is the Net National Product?

Option 1: The product of gross national product and depreciation is net national product.

Option 2: The sum of gross national product and income of foreigners is net national product.

Option 3: Net National product is equal to gross national product.

Option 4: The difference between gross national product and depreciation is net national product.

Question : Which of the following is not a feature of National Income?

Option 1: It is a macroeconomic concept.

Option 2: It is a flow concept.

Option 3: It is always expressed regarding the particular financial year.

Option 4: It is included only in intermediate goods.