Transfer payments are:
Options
AIncluded in National Income
BExcluded from National Income
CIncluded in GDP only
DIncluded in Personal Income only
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Determination of National IncomePYQ - Nov 2018 (Inter)Question 102 of 20
All Questions Correct Answer
✅ Option b — Excluded from National Income
All Options:
- AIncluded in National Income
- BExcluded from National Income
- CIncluded in GDP only
- DIncluded in Personal Income only
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
National Income usually refers to:
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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