In India, National Income is calculated by the method which is known as ____________.

The combined method

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The income method

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The product method

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The expenditure method

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Solution

The correct option is B The combined method
National Income in India is calculated by using combined method. This is a combination of two methods- product/output method and income method.

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Similar questions

Which of the following is not included in expenditure method of calculating national income?

(a) Why are pensions included in national income but not old age pensions ?

(b) Calculate gross domestic product at market price using production method and income method:

From the following data calculate National income:

(a) Income method

(b) Expenditure method

(a) Compensation of employees 1200

(b) NFIA - 20

(d) Profit 800

(e) Private final consumption expenditure 2000

(f) Net domestic capital formation 770

(g) Consumption of fixed capital 130

(h) Rent 400

(i) Interest 620

(j) Mixed income of self-employed 700

(k) Net exports - 30

(l) Govt. final consumption exp. 1100

Which of the following will be included in National Income?

(a) Seeds purchased by a farmer

(b) Salary given to an Indian working in the Japanese embassy in India

(d) Imports by a household

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