National Income — Economics STD 12 Commerce / Arts — Question

Enactment of the Co-operative Credit Societies Act .

According to National Income Committee, NI is ………………….
(a) volume of goods and services
(b) produce in one year
(c) goods and services counted without duplication
(d) all of these

Statements incorrect with reference to A.C. Pigou definition –
(a) National income means national dividend
(b) Objective income of the community
(c) Income from abroad does not include
(d) Income from abroad in money term

important source of funds in unbanked areas which provide loans directly to agriculture, trade and industry.

Demand for salt is …………….

Classification of markets on the basis of place
a) Local market, National market, International market
b) Very short period market, Local market, National market.
c) Short period market, National market, International market.
d) Local market, National market, Short period market.

Assumptions for the law of Demand.
(a) Constant Income
(b) No change in taxation policy
(c) Change in tradition
(d) Stable population

There is a change in the composition of India’s exports from –
(a) primary products to manufactured products
(b) manufactured products to primary products
(c) manufactured products to software
(d) All of these Options:

Transfer income includes ………………
(a) pension and scholarships
(b) gifts and donations
(c) donations and unemployment allowance
(d) all of these

The operation of direct buying and selling of securities by central bank in the money market is called …………..