Macro

National Income

Medium

Which of the following will be included in national income, while using the income method to calculate the same:-

(Choose the correct option)

National debt interest.

Interest paid on a loan taken by a household from a bank to buy a car.

Interest received on debentures of a firm bought by a household

Interest paid on a loan taken by a employee from his employer.

✅ Correct Option: 3

National debt interest is a transfer payment. Interest on a household consumer loan and interest paid by an employee to employer are not factor incomes. Interest received on debentures of a firm is a factor payment for use of capital in production, hence included in national income.

2026: 20 May Shift 1

The change in inventories takes place over a period of time. It is consider as a:

2023: 30 May Shift 1

Addition to the stock of capital of a firm is known as :

2025: 30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) GDP at constant price	(i) known as Nominal GDP
(B) GDP at current price	(ii) Increases only when there is increase in the quantum of output in the economy.
(C) Welfare of the people	(III) known as earned income
(D) Factor income	(IV) Measured in terms of the availability of goods and services

Choose the correct answer from the options given below:

2025: 22 May Shift 1

What is GDP deflator?

2025: 27 May Shift 2

Match List-I with List-II

List-I	List-II
(A) GVA at Market Prices	(I) GVA at basic prices - Net Production Taxes
(B) GVA at basic prices	(II) NNPMP - Net Product Taxes - Net Production Taxes
(C) GVA at factor cost	(III) GDP at market prices
(D) National Income (NI)	(IV) GVAMP - Net Product Taxes

Choose the correct answer from the options given below:

2026: 11 May Shift 2

The expected wear and tear that capital goods undergo is called _____.

Which of the following will be included in national income, while using the income method to calculate the same:- (Choose the correct option)

Solution

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CUET Economics Past Year Questions (Topic-Wise)

Which of the following will be included in national income, while using the income method to calculate the same:-

(Choose the correct option)