Which of the following components is-are included in Net Factor Income from Abroad-1- Net compensation to employees2- Net income from property which includes rent- interest- dividends- etc-3- Net income from entrepreneurship-4- Net retained earnings of resident companies abroad-Code-

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Byju's Answer

Standard XII

Accountancy

Financial Statements of NPO

Which of the ...

Question

Which of the following components is/are included in Net Factor Income from Abroad ?

Code:

Only 1, 2 & 3

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Only 2 & 4

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Only 1 & 3

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All of these

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Solution

The correct option is D
All of these

All of these are included as the component of NFIA.

Gross Domestic Product + Net Factor Income from Abroad= Gross National Product

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Similar questions

Q. Calculate (a) National Income, and (b) Net National Disposable Income. (Rs in crores)
(i) Compensation of employees 2,000
(ii) Rent 400
(iii) Profit 900
(iv) Dividend 100
(v) Interest 500
(vi) Mixed income of self-employed 7,000
(vii)Net factor income to abrorad 50
(viii)Net exports 60
(ix) Net indirect taxes 300
(x) Depreciation 150
(xi) Net current transfers to abroad 30

(a) From the following data compute net value added at factor cost:

$\begin{matrix} Items & Domestic sales & Subsidies & Purchase of raw material & Exports & Depreciation & Import of & Net in domestic market & indirect taxes In Crores & 2500 & 40 & 500 & 200 & 100 & 600 & 60 \end{matrix}$

(b) Intermediate goods and corporate tax are included in national income indirectly. How ?

Calculate $G N P_{m p}$

(a) By Income Method

(b) Expenditure Method

$\begin{matrix} (a) & Rent & 40 (b) & Private Final Consumption Expenditure & 800 (c) & Net Exports & 20 (d) & Interest & 60 (e) & Profit & 120 (f) & Government Final Consumption Expenditure & 200 (g) & Net Domestic Capital Formation & 100 (h) & Compensation of Employees & 800 (i) & Depreciation & 20 (j) & Net Indirect Taxes & 100 (k) & Net Factors Income From Abroad & (-) 20 \end{matrix}$

Q. Net factor income from abroad is ________________.

Q. Whether the following items will be included in National Income?
(i) Rent earned by Reliance from its building in USA.
(ii) Gifts from Abroad.
(iii) Retained earnings of resident companies from abroad.
(iv) Expenses of foreign visitors in India.
(v) Gifts to a trust from Japan.

Q. What is meant by Net factor income from abroad?

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Which of the following components is/are included in Net Factor Income from Abroad ? Code:

The correct option is D All of these All of these are included as the component of NFIA. Gross Domestic Product + Net Factor Income from Abroad= Gross National Product

Which of the following components is/are included in Net Factor Income from Abroad ?

Code:

The correct option is D
All of these

All of these are included as the component of NFIA.

Gross Domestic Product + Net Factor Income from Abroad= Gross National Product