National Income Accounting

The difference between value of output and value added is:

• Depreciation

• Intermediate consumption

• Net indirect taxes

• NFIA

National Income differs from Net National Product at market price by the amount of:

• Current transfers from rest of the world

• Net Indirect Taxes

• National debt interest

• it does not differ

In GNP calculation which of the following should be excluded?

• Rental incomes

• Interest payments

• Dividends

• Government transfer payment

The national income estimation is the responsibility of

• Finance Ministry

• Central Statistical Organisation

• NSSO

• National Income Committee

Which of the following is not correct ?

• NNPMP = GNPMP. depreciation

• NNPMP = NNPFC + net indirect taxes

• GDPMP = GNPMP + NFIA

• NDPFC = GDPFC – depreciation

The most appropriate measure of a country’s economic growth is

• GDP

• NDP

• GNP

• Per capita real Income

Which of the following is added to national income while calculating personal income?

• Transfer payments to individuals

• Social security contributions

• Corporate taxes

• Undistributed profits

In country ‘X’, if NNP at market price remained constant and depreciation increased compared to the previous year, then GNP at market prices will

• increase

• decrease

• increase by an amount equal to rise in depreciation

• decrease by an amount equal to rise in depreciation

The most important problem in Estimating GNP is :

• Unorganised market

• Smuggling

• Black marketing

• Double counting

Which one of the following is correct?

• NNPMP= NNPFC - Depreciation

• NNPMP = NNPFC - NIT

• NNPMP-NNPFC + Depreciation

• NNPFC = NNPMP - NIT