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 : While using the income method to compute national income, which of the following is not to be included?
A) Income from lottery
B) Brokerage on sale and purchase of shares
C) Income from illegal activities like gambling

Option 1: A, B and C

Option 2: B and C

Option 3: A and B

Option 4: A and C

Question : Which of the following is not included in 'Operating Surplus'?

Option 1: Rent

Option 2: Profit

Option 3: Interest

Option 4: Wages in cash

Question : Which one of the following is not a method for computing Gross National Product (GNP)?

Option 1: Income approach

Option 2: Expenditure approach

Option 3: Savings approach

Option 4: Value added approach

Question : Exports of mangoes by India are a part of ________ method of measurement of its national income.

Option 1: circular income

Option 2: value added

Option 3: expenditure

Option 4: income