Which out of the following will be included in National Income ?

(A) Ramesh sold his car for Rs. 5,00,000 which he used for 2 years

(B) Interest paid on car loan taken by Mohan

(C) Interest on debentures

(D) Radha purchased goods worth Rs. 1000 to prepare cakes to be sold in an exhibition

(E) Profit earned by Reliance Industries from their branch in London

Choose the correct answer from the options given below :

When the income is being spent on the goods and services produced by the firms, it takes the form of ________ received by the firms.

If for a hypothetical economy, the Net National Product at Factor cost is Rs 3580 crore, Net Indirect Taxes are Rs 35 crore and Net Current Transfers from the Rest of the World are Rs 240 crore, then what will be the value of National Disposable Income?

Which government body is responsible for reporting GDP in India ?

1. Department of Revenue
2. Central Board of Direct Taxes
3. Central Statistics Office
4. Niti Ayog

Which of the following activity is a limitation to GDP as an indicator of welfare?

If Gross Domestic Product at Market Price (GDPmp)=2995 crore. Private final consumption expenditure=1100 crore. Gross domestic fixed capital formation=1000 crore. Government final consumption expenditure=900 crore. Net imports=75 crore.

The change of stock will be :

Identify the correct statements about the externalities as a limitation of GDP and welfare.

A. GDP as measured does not include external production of goods.

B. Inverse relationship between negative externality and welfare.

C. No relation between GDP and welfare.

D. Economic activities have both positive and negative externalities.

E. Producers are rewarded with profit for positive externalities

Choose the correct answer from the options given below :