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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 Rath Yatra at Puri is celebrated in honour of which Hindu deity
Options- A. Ram
- B. Jaganath
- C. Shiva
- D. Vishnu Discuss
- 2. The minimum age to qualify for election to the Lok Sabha is
Options- A. 25 years
- B. 21 years
- C. 18 years
- D. 35 years Discuss
- 3. FFC stands for
Options- A. Foreign Finance Corporation
- B. Film Finance Corporation
- C. Federation of Football Council
- D. None of the above Discuss
- 4. Which of the following famous financial journals of international repute confers 'Finance minister of the year' Award?
Options- A. Dalal Street
- B. Business Standard
- C. Euromoney
- D. Money Matters Discuss
- 5. Amalgams are
Options- A. highly coloured alloys
- B. alloys which contain mercury as one of the contents
- C. alloys which have great resistance to abrasion
- D. alloys which contain carbon Discuss
- 6. Which of the following are the ingredients of gun metal?
Options- A. Iron, Zinc, Titanium
- B. Iron, tin
- C. Iron, Brass, Tin
- D. Copper, Tin Discuss
- 7. The term 'Tee' is connected with
Options- A. Badminton
- B. Golf
- C. Bridge
- D. Polo Discuss
- 8. World Human Rights Day is observed on
Options- A. April 8
- B. December 10
- C. December 7
- D. September 5 Discuss
- 9. The president can advance money to meet unforeseen expenses, pending authorization by Parliament, from
Options- A. the Consolidated Fund of India
- B. the Contingency Fund
- C. both the above funds
- D. None of the above Discuss
- 10. The national anthem was written by
Options- A. Bankim Chandra Chatterjee
- B. Rabindranath Tagore
- C. Sarat Chandra Chatterjee
- D. Aurobindo Ghosh Discuss
More questions
Correct Answer: Jaganath
Correct Answer: 25 years
Correct Answer: Film Finance Corporation
Correct Answer: Euromoney
Correct Answer: alloys which contain mercury as one of the contents
Correct Answer: Copper, Tin
Correct Answer: Golf
Correct Answer: December 10
Correct Answer: the Contingency Fund
Correct Answer: Rabindranath Tagore
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