Sawaal
11
Q:

The Largest Component of National Income is

A) Proprietors Income B) Compensation of Employees
C) Corporate Profits D) Rental Income

Answer:   B) Compensation of Employees



Explanation:

National Income is the total income value of the goods and services produced by the residents of a country, usually during the period of one year.

National Income is categorized into 6 components. They are :

1. Compensation of Employees (Wages and Benefits)
2. Corporate Profits
3. Rental Income
4. Proprietors Income (Income of unincorporated business)
5. Net Interest

The Largest Component of National Income is Compensation of Employees.

 

The Largest component of National Income in India is Service Sector.

 

Subject: Indian Economy
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