Question
What is true about National Income? 1) It is the
net value of all the final goods and services produced by the nations during a financial year. 2) In India, financial year starts from 1st April and ends on 31st March every year. 3) National Income Accounting is a method used to measure the economic activity in the country as a whole.Solution
Solution: It is the net value of all the final goods and services produced by the nationals during a financial year. In India, financial year starts from 1st April and ends on 31st March every year. In other words, the total income of a country from the economic activities in a year’s time is known as national income. It includes payments made to all resources in the form of wages, interest, rent and profits. National income can also be defined as the net output of products and services flowing during the year from the country’s productive system in the hands of the ultimate consumers. The growth of National Income aids in knowing the progress of the country.
In the question, relationship between some elements is shown in the statements (s). These statements are followed by two conclusions. Read the statemen...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is/are definitely true and th...
Statements: T ≥ U = V > W = Z ≤ X < Y ≤ M
Conclusions:
I. Z > T
II. U ≤ X
Statements:
A ≥ B = C; D = E ≤ F ≥ A
Conclusion:
I. C < D
II. E ≤ B
Statement: C < X ≤ B > E < L < I
Conclusion: I. X > LÂ Â Â Â Â Â Â Â Â Â II. B > C
In these questions, relationship between different elements is shown in the statements. The statements are followed by conclusions.
Statements:...
Statements:
R = F > Q = Y > B; J < Z ≤ Y
Conclusions:
I. Q > Z
II. B ˃ J
In the question, assuming the given statements to be true, find which of the conclusion (s) among the given three conclusions is/are definitely true an...
Statement:Â C < P > T = E < R; G > R > A < D
Conclusions:
I. T < G
II. G ≥ P
III. T > A
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is /are definitely true and t...
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