Question
Which of the following will NOT be included while
calculating National Income of a country for a given year?Solution
Old age pension is not included as it is a transfer payment. These are payments made by the government to individuals for which no productive service is rendered in return during the current year. Since National Income only accounts for the value of final goods and services produced (factor income), transfer payments like pensions, scholarships, and unemployment benefits are excluded to avoid overstating economic activity.Â
What is a key consideration when choosing a reporting tool?
As per Section 47 of the Companies Act, 2013, every member of a company limited by shares and holding equity share capital therein, shall ha...
A person or their relative or partner who is indebted to the company for an amount exceeding what threshold is disqualified for the appointment of an au...
In respect of an Overdraft/Cash Credit (OD/CC), when is the advance treated as NPA?
In which scenario would Microsoft Word be particularly useful?
As per the recently published discussion paper on Introduction of Expected Credit Loss Framework for Provisioning by Banks, on the basis of credit risk ...
Concerning the GST Council's regularization of taxation issues, consider the following statements:
1. The GST Council is deciding on whether pack...
How do recognition and reward systems contribute to conflict reduction?
Money received against share warrant is shown under which head?
Which premium banking service has YES Bank introduced to cater to affluent and elite customers?
