Calculate the factor income from Abroad from the following.

		(Rs in core)
(a)	NNP at market price	550
(b)	Net Indirect taxes	30
(c)	NVA at factor cost	540
(d)	Factor income to Abroad	50

Firm starts the year with an inventory of 400 shirts. During the coming year it expects to sell 2000 shirts, hence it produces 2000 shirts. The firm is able to sell only 1500 shirts. At the end of the year find out inventories.

Arrange the following in order as per Income method of measuring national Income.

(A) Classifying the production units into primary, secondary and tertiary sector on the basis of their occupational activities

(B) Adding the net factor income from abroad.

(C) Determination of domestic income.

(D) Finding the factor payments made by each production unit and classifying it into compensation of employees, operating surplus and mixed income.

Choose the correct answer from the options given below:

Identify the correct statements from the following:

A. Fees to a mechanic paid by a firm is not included in the estimation of national income

B. Income tax paid by an individual is not included in national income

C. Interest paid by a garment manufacture on a loan taken from bank is included in national income

D. Payment of old age pension will not be included in national income as it is a transfer payment

E. Insurance premium paid by household to an insurance company is not included in the estimation of national income

Choose the correct answer from the options given below:

Which of the following options related to the aggregates of national income is correct?

If the value NVA_FC is Rs.200 crores, intermediate consumption is Rs.100 crores and depreciation is given as Rs.40 crores, what will be the value of GVA_FC?

Consider the following statement related to Aggregate Income

(A) Aggregate revenue received by the firms is paid out to the factors of production it is considered as aggregate income.

(B) Aggregate Income can be calculated by calculating the aggregate value of goods and services produced by the firms.

(C) Income is being spent on the goods and services produced by the firms. It takes the form of aggregate expenditure received by firms.

(D) Aggregate Income can not only be calculated through aggregate expenditure. There are other methods that exist.

Which of the following combination of statements best explains the concept of Aggregate Income?