32
Q:

In India national, National Income is calculated by the method which is known as

A) the combined method B) the income method
C) the product method D) the expenditure method

Answer:   A) the combined method



Explanation:

In India, National Income is calculated by the combined method. It combines two methods i.e product or output method and the income method. This is done to overcome the problem of deficiency of statistics. The product method endeavours to find out the net contribution to national income of all producing units. The income method adds up income and payments accruing of factors of production. This method is used in the tertiary  sector like government services banking etc and also in the commoity sector if output data is not available.

Subject: Indian Economy
Q:

Merchant discount rate refers to ______

 

A) the total discount a bank offers to the merchant for promoting online transactions B) the total discount a merchant offers on online transactions
C) the rate charged to a merchant for payment processing services on debit and credit card transactions D) only taxes that a digital payment entails
 
Answer & Explanation Answer: C) the rate charged to a merchant for payment processing services on debit and credit card transactions

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 517
Q:

If the inflation in an economy is rising steadily, the Central Bank might ______.

 

 

A) decrease the repo rate B) decrease the reverse repo rate
C) increase the repo rate D) keep the repo rate unchanged
 
Answer & Explanation Answer: C) increase the repo rate

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0 150
Q:

In September 2017, Investments in the Domestic Capital Market, through ______, slumped to a five year low.

 

A) S-notes   B) P-notes  
C) L-notes D) N-notes  
 
Answer & Explanation Answer: B) P-notes  

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0 134
Q:

Who among the following is the head of the standing committee on economic statistics set up by Ministry of Statistics and Programme Implementation (MOSPI)?

 

A) Krishnamurthy Subramanian B) Manmohan Singh
C) Raghuram Rajan D) Pronab Sen
 
Answer & Explanation Answer: D) Pronab Sen

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0 119
Q:

Which company recently became the 1st Indian company to hit the 10 lakh Crore Market valuations

 

A) Reliance   B) BSNL  
C) Jio   D) Airtel
 
Answer & Explanation Answer: A) Reliance  

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Q:

What is the GDP growth rate for India in 2019-20 projected by the International Monetary Fund (IMF)?

 

A) 6.5% B) 7.5%
C) 6% D) 5.5%
 
Answer & Explanation Answer: B) 7.5%

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0 574
Q:

At present how many stock exchanges are listed in Securities and Exchange Board of India (SEBI)?

 

A) 20 B) 10
C) 8 D) 15
 
Answer & Explanation Answer: C) 8

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0 505
Q:

Revenue Investment in public work is known as___________.

 

A) expenditure B) current expenditure
C) capital expenditure D) expenditure and current expenditure both
 
Answer & Explanation Answer: C) capital expenditure

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