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
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Correct Answer: A and C
Solution : The correct option is A and C.
The national income of a country is calculated by the total value of the final goods and services produced by the residents during an accounting year.
The following items are not included in calculating national income:
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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
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
Question : Which of the following statement(s) is/are False? A) The impact of externality is always positive. B) Real national income means national income at constant prices.
Option 1: Only B
Option 2: Only A
Option 3: Neither A nor B
Option 4: Both A and B
Question : Parts of a sentence are given below in jumbled order. Select the option that arranges the parts in the correct order to form a meaningful sentence. A) said that they are B) hear this news C) very sorry to D) Catherine and David
Option 1: C, D, B, A
Option 2: D, A, C, B
Option 3: B, D, C, A
Option 4: A, C, D, B
Question : The average monthly income of A and B is Rs, 7,000. The average monthly income of B and C is Rs, 7,750 and the average monthly income of C and A is Rs, 6,750. What is the monthly income of B?
Option 1: Rs. 6,500
Option 2: Rs. 8,000
Option 3: Rs. 7,500
Option 4: Rs. 6,000
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