Question : Which of the following is not included in inventory investment when calculating national income?
Option 1: Change in sales during the year
Option 2: Change in stock of raw material
Option 3: Change in stock of semi-finished goods
Option 4: Change in stock of finished goods
Correct Answer: Change in sales during the year
Solution : The correct option is a Change in sales during the year.
The change in sales during the year is not directly included in the calculation of inventory investment when determining national income. Inventory investment refers to the change in the stock of goods that businesses hold. It is calculated as the difference between the value of goods produced (output) and the value of goods sold (sales) during a specific period. The formula for inventory investment
Inventory Investment = Output − Sales.
Application | Eligibility | Selection Process | Result | Cutoff | Admit Card | Preparation Tips
Question : The total value of goods and services produced in a country during a given period is
Option 1: disposable income
Option 2: national income
Option 3: per capita income
Option 4: net national income
Question : Which one of the following is not a method of measurement of national income?
Option 1: Value-added method
Option 2: Income method
Option 3: Investment method
Option 4: Expenditure method
Question : An unexpected rise in sales of a product leads to ______.
Option 1: planned decumulation of inventory
Option 2: unplanned decumulation of inventory
Option 3: unplanned accumulation of inventory
Option 4: planned accumulation of inventory
Question : The demand curve will shift forward when ______.
Option 1: price of complementary goods fall
Option 2: price of substitute goods decreases
Option 3: income of consumer fall
Option 4: price of complement goods increases
Question : Which of the following funds was created in 2005 to channelise funds received from disinvestment proceeds of PSUs?
Option 1: National Public Fund
Option 2: National Investment Fund
Option 3: Disinvestment Fund
Option 4: New Investment Fund
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile