Question
Which of the following is included when calculating
National Income?Solution
National Income includes factor income earned by residents from within the country and abroad. Remittances or income earned by Indians working abroad and sent back to India is counted as Net Factor Income from Abroad (NFIA) and is added to national income. Lottery winnings (A) are transfer payments, not earned income → excluded Milk purchased by dairy shop (B) is an intermediate good, used for resale/processing → not included to avoid double counting Interest on national debt (C) is a transfer payment made by the government → excluded D is the only option representing factor income, hence included
In the question below three statements are given fol lowed by three conclusions I and I I. You have to take the given statements to be true even if the...
Read the following statements and conclusions carefully. Assuming the information given in the statements is true, even if it appears to be at variance...
In the questions given below there are three statements followed by three conclusions I, II, and III. You have to take the three given statements to be...
Statements:Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
All money are transfer.
All neft are transfer.
All transfer are rtg...
Statements: All chocolates are ice-creams.
All ice-creams are toffees.
All toffees are cold-drinks.
...
Statement: Â Â Â Â
Only a few A are B Â Â Â Â Â Â Â
Some B are C
 No A is C  Â
Conclusion: Â Â Â Â Â Â
I...
Statements: No book is a pen.
All copies are books.
All books are telephones.
No radio is a telephone.
Conclusions: I. ...
In the question below are given some statements followed by some conclusions. You have to take the given statements to be true even if they seem to be ...
Statements: All books are pages.
Some notes are books.
All assignments are notes.
. Conclusions: I. At least some pages are not b...
Statements:Â Â Â Â Â Â
Only cats are bats.
No cat is pig.
All pigs are dogs.
All pigs are camels.
Conclusi...
