Expenditure method is used to estimate national income in_______

(a)

Construction sector

(b)

Agricultural Sector

(c)

Service sector

(d)

Banking sector

Tertiary sector is also called as __________sector

(a)

Service

(b)

Income

(c)

Industrial

(d)

Production

GNP = _________ + Net factor income from abroad

(a)

NNP

(b)

NDP

(c)

GDP

(d)

Personal income

The financial year in India is__________

(a)

April 1 to March 31

(b)

March 1 to April 30

(c)

March 1 to March 16

(d)

January 1 to December 31

PQLI is the indicator of___________.

(a)

Economic growth

(b)

Economic welfare

(c)

Economic welfare

(d)

Economic development

Define National Income.

Write the formula for calculating GNP.

What is the difference between NNP and NDP?

Define GDP deflator.

Write a short note on per capita income.

Differentiate between personal and disposable income.

Give short note on Expenditure method.

List out the uses of national income.

Explain the importance of national income