Font size
WorksheetsNational Income Accounting (Income Method)
Total questions: 10
Worksheet time: 5mins
COE is the total of:-
Wages/Salaries in cash
Wages in Kind
Employer's Contribution to Social Security Schemes
None of the above
Calculate MISE, When
NDP (FC)= 1000CR
COE=200CR
OS=500CR
300CR
1700CR
800CR
1200 CR
NNP (FC) is (a) When,
COE=500CR
OS=1900CR
MISE=600CR
NFIA= 1000CR
Calculate Operating Surplus When:-
Rent=1000 cr
Interest=500 cr
Royalty= 700 cr
Profit= 1300 cr
Salaries= 500cr
3500 cr
4000cr
3000 cr
1700 cr
Calculate Profit when:
Retained Earning= 700 cr
Corporate tax= 600 cr
Dividend= 400 cr
1300cr
1700
1700 cr
1100 cr
Income From Lottery is Included in National Income.
(True/False)
(a)
What are the Steps to calculate NNP(FC) using Income method?
STEP 1 CALCULATE COE
STEP 2 CALCULATE OS
STEP 3 CALCULATE MISE
STEP 4 CALCULATE NDP(FC) = COE+OS+MISE
STEP 5 CALCULATE NNP(FC)= NDP(FC)+NFIA
Transfer Income, Income from sale of 2nd hand goods are always included in National Income.
True
False
Income from sale of shares, bond and Debentures will not be included in National Income.
True
False
While calculating NNP(FC) Using Income Method, we always focus on items of:
Expenditure
Income
Value added
All of the above
