A. Operating surplus

B. Compensation of employees

C. Net factor income from abroad

D. Mixed income

A. Indirect taxes < subsidies (Subsidy> indirect taxes)

B. Indirect taxes > subsidies

C. I.T = subsidies

D. None

A. 1,600

B. 2,200

C. 1,000

D. 1,400

A. Final gods satisfy wants of ultimate consumers and producers.

B. Final goods have direct demand as they satisfy the wants directly.

C. Final goods are subject to further transformation in the process of production.

D. Final goods are neither used up as raw-material nor for resale in the same year.

A. Flour used by a banker in making biscuits

B. Unsold stock of goods lying with the sellers

C. Tyres purchased by a transport company

D. Mobile sets purchased by a mobile dealer

A. Subsidized Lunch

B. Old-age Pension

C. Free Medical facilities

D. Construction of a house

A. Savings of private corporate sector

B. Reserves and Surplus

C. Retained Earnings

D. All of these

A. It will be included in the national income, but not in the domestic income.

B. It will be included in the domestic income, but not in the national income.

C. It will be included in domestic income as well as national income.

D. It will neither be included in the domestic income nor in the national income.

A. To the government at higher prices

B. Below the cost of production.

C. Selling the product at loss.

D. Selling the product at cost plus indirect taxes.

A. If national income rises, per capita income must also rise.

B. If population rises, per capita income must fall.

C. If national income rises, welfare of the people must rise.

D. None of the above.