Measurement of national income - class-XI
| Description: measurement of national income | |
| Number of Questions: 99 | |
| Created by: Chandra Bhatti | |
| Tags: business economics and quantitative methods economics national income indicators of growth and development national income analysis measurement of national income national income and related aggregate methods of measuring national income |
Are the following statements true or false? Give reasons.
Production of services for self-consumption are not included in national income.
When planned savings is less than planned investment, then:
Self employed people generally earn mixed income.
In small sector net value added is estimated by ________.
Net income from abroad should be added in the national income.
Income method is more reliable than expenditure method.
Total Cost is the total expenditure incurred by a firm.
In which case, net income from abroad need to be added separately under the income method?
Transfer incomes are ___________ national income.
Income method considers _________.
Expenditure on foreign financial assets is included in national income under the expenditure method on ________.
Aggregate of factor incomes of all the factors of production of all the producing units form the subject matter of _______.
Goods produced in preceding periods are ___________ national income under expenditure method.
Expenditure on raw materials and intermediate goods and services is ___________ national income.
Net National Expenditure can also be calculated as __________.
Under the expenditure method _________.
For developed economies which of the following methods is most suitable?
These days, an increasing proportion of national income is being measured by _______.
Gini co-efficient is used for measuring poverty in _____________ sense.
In India, poverty is measured in ___________ terms.
Which of the following is true?
In countries like India, in practice _________.
When poverty is not related to income or consumption expenditure, it is ___________.
India's per capita income is showing a year on year ___________.
The production method of calculating national income is also known as _________.
Inter linked phases of product method is also known as:
Income method focuses on measurement of national income at _________.
If the national income is measured as an aggregate value of all final goods and services produced by all the firms it is called _______.
Which of the following poses a problem in calculating national income?
The method used to calculate the income by adding all the expenditures on the purchase of final goods and services produced during an accounting year is __________.
The national income estimation is the responsibility of _______.
Which of the following method uses adding up of factor payments received during a year to calculate national income?
Which of the following is not included in expenditure method of calculating national income?
Which of the following is included in factor payments?
Income disposal method is also called as _________.
Suppose that a firm had an unsold stock worth of Rs 100 at the beginning of a year. During the year it had produced Rs 1,000 worth of goods and managed to sell Rs 800 worth of goods. Calculate inventory for the year ___________.
A sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves) is called __________.
The National Income is equal to __________.
National Income may be determined through ________.
National Income of a country can be calculated by_______.
Which of the following are the methods for measuring National Income?
Total revenue $\div$ Number of units sold $=$ ____________.
________ income in excluded in the calculation of net income.
Income from sale of second hand property should be included in national income.
Income method is known as ______ method.
Unpaid service should be _____ in the estimate of net income.
Expenditure method is ________ used to calculate national income.
Positive net foreign income from broad brings an increases in national income.
With an increase in income savings naturally ________.
The income of the government through all sources is called public _________.
Given Real GDP 9% and rate of inflation 2.25%, the norminal GDP will be ___.
"Determination of wage rate, distribution of national income" was the theory given by?
For studying the various national income components it is required that data should be collected on _______________.
The net values added (NVA) method of measuring national income is also known as ______.
Identify the items which is not a factor payment.
If Willingness to Save is less, the level of ________ will be higher.
Expenditure Method focusses on measurement of National Income at _____________________.
_________ method is suitable for measuring National Income in the case of Agricultural sector.
Income method focusses on measurement of National Income at ______________________.
The production method of calculating national income is also known as _______________.
National income may be computed under _________ method.
NNP at factor cost in 2010-11 was __________.
The three methods of computing national income are ___________.
Mixed income of the self employed means __________.
Product Method focuses on measurement of National Income at _______________.
Net National product (NNP) at factor cost was ________ in 1950-51.
___________ method is suitable for measuring National Income in the case Small Scale Sector.
Value Added Method is used to measure _______________.
Which of the following items are included in computing National Income under Income Method?
_____________ method is suitable for measuring National Income in the case of Developed Countries where all persons file their income-tax returns.
Which of the following items are included in computing National Income under Product Method?
The annual flow of Factor Earnings in the form of Wages,Rents,Interests and Profits accrued from Labour, Land, Capital and Organization respectively are taken into account in which of the following approaches to measuring National Income?
_____________ method is suitable for measuring National Income in the case of construction sector.
In which of the following approaches is National Income measured by calculating the Total Value of the Final Output of a country?
The Net Values Added method of measuring National Income is also known as ______________.
______________ method is also called Value Added Method of computing National Income.
Which of the following is /are NOT included in the national income estimation by income method?
(i) Mixed income
(ii) Royalty
(iii) Rent
(iv) Profit
Under Expenditure Method, Consumption Expenditure + Net Domestic Investment + Net Foreign Investment equals _____________.
Under Expenditure Method, Consumption Expenditure + Net Domestic Investment equals _____________.
Income Method does not include _____________.
Net Value Added is equal to _____________________.
The three methods of calculating national income measure __________.
In which sector, expenditure method is used in India for calculating national income?
Under expenditure Method, Consumption Expenditure + Net Domestic Investment + Replacement Expenditure equals ______________.
'Distributed Profits' is also known as:
National income is the sum of factor incomes accruing to:
Sale of second hand machines is ____________ in Value Added Method.
The most appropriate measure of a country's economic growth is ________.
The growth in the Gross Value Added at basic prices for 2015-16 from manufacturing sector is estimated to be ________.
Which of the following is a true statement?
i. National income refers to the income of individuals of a country
ii.The income at their disposal after paying direct taxes is called disposable income
_______ is the wealthiest Indian state which accounts for 12% of the Indian GDP.
To avoid double counting we deduct the value of ________.
There is no possibility of double counting while estimating national income.
National income at constant price is an estimate on the basis of base prices.
Distribution of Income and Wealth is measured in terms of ____________.
One of the problems in correctly estimating national income in India is _____________.
Which of the following equations is correct?
Which of the following is not a problem in the estimation of India's national income?
Which of the following items are-not included in estimating National income?