BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In India, the National Income is measured on the basis of
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flow of goods only
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number of employed youth only
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volume of tax collected per annum
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All of the above
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Explanation:
Detailed explanation-1: -The National Income is measured on the basis of the flow of goods, the number of employed youth, the volume of tax collected per annum, the earning of people working in PSUs and government jobs.
Detailed explanation-2: -The broadest and most widely used measure of national income is gross domestic product (GDP), the value of expenditures on final goods and services at market prices produced by domestic factors of production (labor, capital, materials) during the year.
Detailed explanation-3: -The different methods of measuring National Income includes Income Method, Production (Value-Added) Method and Expenditure Method.
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