Per Capita Income is equal to
An individual’s actual standard of living can be assessed by
The correct option is C.
Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income can be used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the population.
Which one of the following is not a method of estimating National Income?
National Income Estimates in India are prepared by
Net National Product (NNP) of a country is
Personal Disposable income is
Which of the following is not included in the National Income?
National income is thee total value a country’s final output of new goods and services produced in one year. Transfer payments are not a part of tge national income so they are cut from national income to get n.n.p in order to arrive national income such payments are bad debts incurred by banks, payments of pensions, charity, Scholarships etc. Private sector transfers include charitable donation and prizes to lottery winners.
GDP at factor cost is
Which of the statements is correct about India's National Income?
Which of the following is not required while computing Gross National Product (GNP)?
Which of die following results by dividing National Income by size of population?
What does National Income mean?
National Income refers to
National Income refers to the money value of all the goods and services produced in a country during a financial year. In other words, the final outcome of all the economic activities of the nation during a period of one year, valued in terms of money is called as a National income
The National Income of a country is
B is the correct option.This is called national income of the country. National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. HENCE, the national income of a country is total productive income.
The method of calculating the National Income by the product method is otherwise known as
Product method is also known as output method or value added method. In this method, we calculate the national income in terms of final goods and services produced in an economy during a particular period of time.
Rate of interest is determined by
The Fringe Benefit Tax was introduced in the budget of
It was introduced in Budget 2005-06. The government felt many companies were disguising perquisites such as club facilities as ordinary business expenses, which escaped taxation altogether. Employers have to now pay FBT on a percentage of the expense incurred on such perquisites.
The government set-up a committee headed by the Chairman. Central Board of Direct Taxes sometime back to go into
During periods of inflation, tax rates should
The Planning Commission of India was constituted in the year
The Report of Vijay Kelkar Committee relates to
Which of the following is not considered as National Debt?
C is the correct option.The national debt is simply the net accumulation of the federal government's annual budget deficits. Premium collected in the form of different life insurance policies does not contribute to any kind of debt.
Excise duty on a commodity is payable with reference to its
Cheap money means
Which one of the following items is not included in the current account of India's Balance of Payments?
In the budget figures of the Government of India the difference between total expenditure and total receipts is called
A is the correct option.Fiscal deficit refers to the excess of total expenditure over total receipts (excluding borrowings) during the given fiscal year. ... The extent of fiscal deficit is an indication of how far the government is spending beyond its means.
In the budget figures of the Government of India, fiscal deficit is
If the tax rate increases with the higher level of income, it shall be called
Which of the following is the most important domestic source of planned finance?
Which of the following taxes is not shared between the union and the states?