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51.

If GNP at market prices is Rs 1200 crore, and fixed capital stock is worth Rs 2000 crore which depreciates at the rate of 10% per annum and the net indirect taxes amount is Rs 150 crore. What is the national income?

A.	Rs 3050 crore	B.	Rs 2850 crore
C.	Rs 1000 crore	D.	Rs 850 crore

52.

National income differs from the net national product at market prices by the amount of:

A.	Current transfers from rest of the world	B.	Net indirect taxes
C.	National debt interest	D.	It does not differ

53.

If net factor income from abroad is zero, then:

A.	Domestic product is zero	B.	National product is zero
C.	National product is equal to domestic product	D.	National product is constant

54.

For the estimation of private income which of the following items has to be added to national income?

A.	Income from property accruing to government	B.	Savings of the non-departmental enterprises
C.	Subsidies	D.	Interest on national debt

55.

While estimating personal income from national income, which of the following items need to be deducted?

A.	Net indirect taxes	B.	Direct Taxes paid by households
C.	Dividends	D.	Corporate profitstax

56.

Which of the following has to be added to national income to obtain the net national disposable income?

A.	Income from property and entrepreneurship accruing to Government	B.	Net current transfers from the rest of the world
C.	Profits of public enterprises	D.	Loans from public

57.

Net national product at factor cost is :

A.	Equal to national income	B.	More than national income
C.	Less than national income	D.	Always more than the gross national product

58.

Which of the following is deducted while estimating national income by the value-added method?

A.	Value of goods and services produced for self-consumption	B.	Imputed rental value of owner-occupied building
C.	Net factor income from abroad	D.	Consumption of capital

59.

While estimating national income by the income method one of the following is not included. Identify it:

A.	Mixed income of the self employed	B.	Inheritance tax or death duty
C.	Interest on bonds of a foreign company	D.	Income of employees of voluntary organisations

60.

Which of the following is not included while estimating national income by the expenditure methods?

A.	Investment in shares of a new company	B.	Defence expenditure
C.	Net indirect tax	D.	Net exports