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.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
Choose the next number in the series.
15, 27, 51, 99, 195,?
In the following question, select the figure which can be placed at the sign of question mark (?) from the given alternatives.
The position of how many letters will remain unchanged if each of the letters in the word ‘VIRTUAL’ is arranged in English alphabetical order?
Six friends are sitting in a circle. All of them are facing the centre. Kanak sits third to the right of Sona. Kapil is an immediate neighbour of Mani. ...
Study the following figure and answer the question that follows.
In the following question, select the related letter pair from the given alternatives.Â
ER : ET :: ?Â
Find out the number of circles in the figure.Â
Each vowel in the word ‘SIMILAR’ is changed to the following letter in the English alphabetical order and each consonant is changed to the preceding...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...