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Read the following statements regarding National Income estimates and select the correct answer using codes given below :
A. Capital gains and losses are included in National Income.
B. Incomes from illegal activities are not included in National Income.
C. Imputed values of the self occupied houses are included in the National Income.
A. Capital gains and losses are included in National Income.
B. Incomes from illegal activities are not included in National Income.
C. Imputed values of the self occupied houses are included in the National Income.
- a)A and B are correct.
- b)B and C are correct.
- c)A and C are correct.
- d)A, B and C are correct.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Read the following statements regarding National Income estimates and ...
The correct answer is B and C are correct.
Important Points
Important Points
- National Income of any country means the complete value of the goods and services produced by any country during its financial year.
- It is thus the consequence of all economic activities that are running in any country during the period of one year.
- In short one can say that the national income of any country is the total amount of income that is accrued by it through various economic activities in one year.
- It is also helpful in determining the progress of the country.
- It includes wages, interest, rent, profit, received by factors of production like labour, capital, land and entrepreneurship of a nation.
- Some of the items that are included in the National Income are:
- Imputed rent of owner-occupied houses is included in the calculation of national income.
- Imputed value of goods and services produced for self-consumption are included.
- Imputed values of the self occupied houses are included in the National Income.
- Direct taxes such as income tax paid by the employees from their salaries are included.
- Some of the items that are included in the National Income are:
- Sale and purchase of second-hand goods are excluded.
- Incomes from illegal activities are not included.
- Expenditure on purchase of old share is excluded.
- Government expenditure on all transfer payment is excluded.
- Capital gains and losses are not included in National Income.
Therefore, we can say that statements B and C are correct regarding National Income estimates.
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Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer? for CUET 2025 is part of CUET preparation. The Question and answers have been prepared according to the CUET exam syllabus. Information about Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CUET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer?.
Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer? for CUET 2025 is part of CUET preparation. The Question and answers have been prepared according to the CUET exam syllabus. Information about Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CUET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CUET.
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Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Read the following statements regarding National Income estimates and select the correct answer using codes given below :A. Capital gains and losses are included in National Income.B. Incomes from illegal activities are not included in National Income.C. Imputed values of the self occupied houses are included in the National Income.a)A and B are correct.b)B and C are correct.c)A and C are correct.d)A, B and C are correct.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CUET tests.
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