Macro

National Income

Easy

Payments which are made without any counterpart of services received by the payer are known as.

Transfer payments

Disposable Income

Personal Income

Non transfer payments

✅ Correct Option: 1

Transfer payments are one-sided payments made without any corresponding good or service received in return, such as old age pensions, scholarships, or unemployment allowances. Since no productive service is rendered against them, they are excluded from national income.

2023: 29 May Shift 2

Keeping output constant nominal GDP increases because.

2026: 13 May Shift 2

When Indians buy foreign goods, this spending escapes as a __________ from the circular flow of income decreasing aggregate demand.

2026: 21 May Shift 1

What is the sum total of market value of final goods and services created within the geographical boundary of a country in a particular year?

2025: 30 May Shift 2

Which statement is not related to the inventory.

2025: 30 May Shift 2

The well-being and wealth of the economy may not resonate only with possession of resources. It should ....................

2026: 13 May Shift 2

A firm produces Rs 500 worth of goods per year, Rs 80 is the value of intermediate goods used by it during the year and Rs 30 is the value of capital consumption. What is the net value added per year?

Payments which are made without any counterpart of services received by the payer are known as.

Solution

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