National Income usually refers to:
Options
ANNP at Factor Cost
BGDP at Factor Cost
CNNP at Market Price
DGDP at Market Price
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Determination of National IncomePYQ - May 2018 (Inter)Question 101 of 20
All Questions Correct Answer
✅ Option a — NNP at Factor Cost
All Options:
- ANNP at Factor Cost
- BGDP at Factor Cost
- CNNP at Market Price
- DGDP at Market Price
About This Chapter: National Income
Paper
Paper 4: Business Economics
Weightage
15%
Key Topics
Aggregates, Measurement, Keynesian Theory
A crucial chapter covering national income aggregates like GDP, GNP, NDP, NNP, and the methods of measuring national income (Income, Expenditure, and Output methods). It also introduces Keynesian Theory including the concepts of Aggregate Demand, Consumption Function, and the Multiplier.
View Official ICAI SyllabusExam Strategy Tip
Practice numerical questions on GDP/GNP calculations and the Multiplier. These are guaranteed marks in every exam. Also understand the circular flow of income clearly.
More Questions from Determination of National Income
Transfer payments are:
Which method is also known as the "Value Added Method"?
GDP deflator is used to measure:
Personal Income minus Direct Taxes equals:
Keynesian consumption function expresses relationship between:
The multiplier effect explains how an initial increase in investment leads to a greater increase in:
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