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- Question
The Largest Component of National Income is
Options- A. Proprietors Income
- B. Compensation of Employees
- C. Corporate Profits
- D. Rental Income
- Correct Answer
- Compensation of Employees
ExplanationNational Income is the total income value of the goods and services produced by the residents of a country, usually during the period of one year.
National Income is categorized into 6 components. They are :
1. Compensation of Employees (Wages and Benefits)
2. Corporate Profits
3. Rental Income
4. Proprietors Income (Income of unincorporated business)
5. Net InterestThe Largest Component of National Income is Compensation of Employees.
The Largest component of National Income in India is Service Sector.
- 1. The Mid Day Meal Scheme has been launched by the Union Minister of
Options- A. Home Affairs
- B. Social Welfare
- C. Human Resource Development
- D. Rural Development Discuss
- 2. Which is the highest form of unemployment in India?
Options- A. seasonal
- B. structural
- C. cyclical
- D. casual Discuss
- 3. Which among the following is the exclusive jurisdiction of the State Government ?
Options- A. Sales Tax
- B. Custom Duty
- C. Income Tax
- D. Corporation Tax Discuss
- 4. In the history of Indian population, Which duration period is referred to as ' a great leap forward '
Options- A. 1921 - 1931
- B. 1941 - 1951
- C. 1951 - 1961
- D. 1971 - 1981 Discuss
- 5. Which sector of Indian Economy contributes largest to the Gross National Product
Options- A. Primary sector
- B. Secondary sector
- C. Tertiary sector
- D. Public Sector Discuss
- 6. Under the minimum reserve system, the Reserve Bank of India as the sole authority of note issuse is required to maintain assets worth not less than:
Options- A. 85 crore of rupees
- B. 115 crore of rupees
- C. 200 crore of rupees
- D. 210 crore of rupees Discuss
- 7. Total Output is a synonym for
Options- A. aggregate demand
- B. gross domestic product
- C. aggregate supply
- D. equilibrium Discuss
- 8. Who was appointed as Deputy Governor of RBI recently ?
Options- A. SS Mundra
- B. Viral Acharya
- C. Urjit Patel
- D. R Gandhi Discuss
- 9. India has emerged as the _______largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17.
Options- A. 1st
- B. 2nd
- C. 3rd
- D. 4th Discuss
- 10. States earn maximum revenue through
Options- A. excise duties
- B. commercial taxes
- C. land revenue
- D. custom revenue Discuss
Indian Economy problems
Search Results
Correct Answer: Human Resource Development
Correct Answer: structural
Explanation:
Basically India's unemployment is structural in nature. It is associated with the inadequacy of the productive capacity to create enough jobs for all those able and willing in india. Not only is the productive capacity (largely capital stock) much below the needed quantity, it is also found to be increasing at a slow rate. As against this, additions to labour force are being made at a fast rate on account of rapidly rising population. Thus, the absolute level of unemployed persons is rising every year.
Correct Answer: Sales Tax
Correct Answer: 1951 - 1961
Correct Answer: Tertiary sector
Correct Answer: 115 crore of rupees
Correct Answer: aggregate supply
Explanation:
Total Output is a synonym for Aggregate supply or Initial production.
Correct Answer: Viral Acharya
Explanation:
The government on 28th December, 2016 appointed Viral Acharya as the Deputy Governor of the RBI. He will be joining the ranks of NS Vishwanathan, SS Mundra, R Gandhi as one of four Deputy Governors under RBI Governor Urjit Patel. Acharya has been serving as a Professor of Economics at the New York University Stern School of Business since 2008.
Correct Answer: 3rd
Explanation:
The central government has said that India has emerged as the 3rd largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17. This was stated by minister of state for civil aviation Jayant Sinha at a media event on the achievements of the ministry of civil aviation on the completion of three years of the NDA government.
Correct Answer: commercial taxes
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