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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.
Mughal ruler, Aurangzeb died in which year?
Until which year is the National Quantum Mission (NQM) being implemented, as approved by the Union Cabinet?
The intervention by the monetary authority of a country in the money market to keep the money supply stable against external shocks is called _______.
_________is the oldest public-sector bank of India.
A train running at a speed of 108 km/h crosses a pole in 32 seconds. What is the length of the train?
Which statement correctly reflects the feature of BBPS?
I - The Bharat Bill payment system is a Reserve Bank of India ( RBI ) conceptualised s...
Prithviraj Raso, an epic poem about the life of the 12th century Indian king, Prithviraj Chauhan, was written by:
When is Indian Army Day celebrated every year?
Anwar Ibrahim sworn in as tenth prime minister of which of the following country?
Which of the International airports has signed a pact with Noida International Airport Limited (NIAL) for the development of an airport at Jewar, Uttar ...