NI METHODS OHRI

Value added method measures the contribution of which of the following within the domestic territory of the country?

• Household Consumers

• The producing enterprises owned by the residence of the country

• The producing enterprises owned by the non-resident of the country

• Both B and C

Value added refers to:

• Production of durable goods

• Output- intermediate consumption

• Production of non-doable goods

• Expenditure on intermediate goods

difference between closing stock and opening stock during an accounting year is known as

• Increase in stock

• Change in stock

• Decrease in stock

• None of these

Own account, production of goods is included in national income because:

• Goods are tangible

• Their valuation is possible

• Goods are more productive than services

• None of these

As a result of double counting, national income is:

• Over estimate estimated

• Underestimated

• Correctly estimated

• Not estimated for the entire year of accounting

problem of double counting can be avoided by using colon

• Final output method

• Value added method

• Both a and B

• None of these

Compensation of employees include:

• Wages and salaries in cash

• Wages and salaries in kind

• Pension on retirement

• All of these

Which of the following is irrelevant in the estimation of compensation of employees?

• Free accommodation provided to the school principals

• Free education to the students whose parents are working schools

• Which is in salaries in cash

• Old age pension

opening surplus =

• Rent + profit + interest next session

• Rent + interest + compensation of employees

• NDPfc - compensation of employees - mixed income of self-employed

• Both a and C

which of the following items is not included while estimate national income by income method

• Rent

• Mixed income

• Fixed investment

• And distributed profits