wiz-icon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Byju's Answer
Standard XII
Accountancy
Honorarium
In India, the...
Question

In India, the National Income is measured on the basis of ___

A
Flow of goods only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Number of employed youth only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Volume of tax collected per annum
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Earning of people working in PSUs and Government jobs
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
All of these
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is E All of these
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.

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
Q. Case 1: In India, the government reduced the Goods and Services Tax from 12% to 5% on medicines and testing kits during the pandemic of COVID-19 in 2021.

Case 2: In India, a part of the tax from salaried people is collected at the time they receive salary.

Identify the canons of taxation in the above two cases.
Q.

Q7) An increase in tax revenues collected by the government due to the growth in the national income is known as


Q. In the government of India's budget for the year 2013-14, the Finance Minister proposed to raise the Goods and Services Tax (GST) on cigarettes. He also proposed to increase income tax on individual earning more than Rupee one crore per annum. Identify and explain the types of taxes proposed by the Finance Minister. Was the objective only to earn revenue for the government? What possible welfare objectives could the Government be considering?
Q. Which of the following is true about Value Added Tax (VAT)?
A. It is a consumption tax levied on value added to the product on every stage of its production.
B. VAT is levied by the Union Govt and only a small part goes to State Govts.
C. The income tax on retailers is now decided on the basis of their VAT collection in a year.

Q.

Consider the following statements: -

1. National disposable income includes Net National Product at Market prices only.

2. GDP is a measure of National Income/ National output and National expenditure produced in a particular country.

3. GNP includes the value of all goods and services produced by nationals whether in the country a abroad.

4. GNP does not include dividends and interest from abroad in Income.

Which of the above statements is are correct?


View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Honorarium
ACCOUNTANCY
Watch in App
explore_more_icon
Explore more
Honorarium
Standard XII Accountancy
Join BYJU'S Learning Program
book_image
AI Tutor
book_image
Textbooks
book_image
Question Papers
book_image
Install app
CrossIcon