BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following in not the method of measuring National Income?
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Product method
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Income Method
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Consumption Method
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Production method
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Explanation:
Detailed explanation-1: -Profit Method is not a method of measuring national income. Product Method, Income Method, Expenditure Method are methods of measuring national income. In product method, national income is measured as a flow of goods and services.
Detailed explanation-2: -Output method or Product method.
Detailed explanation-3: -The different methods of measuring National Income includes Income Method, Production (Value-Added) Method and Expenditure Method.
Detailed explanation-4: -Correct Option: D Investment method is not a method of measurement of National income. There are three methods of measurement: income method, product or value added method and the expenditure method.
There is 1 question to complete.