National Income

Which of the following is not included in National Income?

• Car purchased by a taxi driver

• Clothes purchased by a household

• Electricity charges paid by a tea factory

• School fee paid by a student

Which of the following is a flow variable?

• Bank deposit

• Investment

• Capital

• Wealth

Real flow is the flow of

• Factor services and factor payment

• Factor services and consumption expenditure

• Factor payments and goods and services

• Factor services and goods and services

Which of the following is not included in National Income?

• Bonus

• Rent

• Pension

• Selling of shares and bonds

In a two sector economy ______________ is excluded.

• Foreign sector

• Government sector

• Producer sector

• Bothe (a) and (b)

National income does not include_____

• Wages and salaries

• Rent and Royalty

• Student scholarship

• Corporate Tax

In a closed economy, GDP ia always equal to GNP

• True

• False

Market price and factor cost will be equal when there is

• No direct tax

• No indirect tax

• No subsidy

• No indirect tax no subsidy

When domestic income is greater than national income

• NFIA is 0

• NFIA is +ve

• NFIA is -ve

• None of these

GNP(MP) = GDP(MP) + ________ :

• Depreciation

• Indirect taxes

• NFIA

• Subsidy