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2000 · Q94Indian EconomyNational Income & Economic Growtheasy

In an open economy, the national income (Y) of the economy is: (C, I, G, X, M stand for Consumption, Investment, Government Expenditure, total exports and total imports respectively.)

  1. (a)Y = C + I + G + X
  2. (b)Y = C + I + G – X + M
  3. (c)Y = C + I + G + (X – M)
  4. (d)Y = C + I – G + X – M
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Official answer(c) Y = C + I + G + (X – M)

2022 · Q7Indian EconomyNational Income & Economic Growtheasy

Which of the following activities constitute real sector in the economy ? 1. Farmers harvesting their crops 2. Textile mills converting raw cotton into fabrics 3. A commercial bank lending money to a trading company 4. A corporate body issuing Rupee Denominated Bonds overseas Select the correct answer using the code given below :

  1. (a)1 and 2 only
  2. (b)2, 3 and 4 only
  3. (c)1, 3 and 4 only
  4. (d)1, 2, 3 and 4
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Official answer(a) 1 and 2 only

2018 · Q47Indian EconomyNational Income & Economic Growthmoderate

If a commodity is provided free to the public by the Government, then

  1. (a)the opportunity cost is zero.
  2. (b)the opportunity cost is ignored.
  3. (c)the opportunity cost is transferred from the consumers of the product to the tax-paying public.
  4. (d)the opportunity cost is transferred from the consumers of the product to the Government.
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Official answer(c) the opportunity cost is transferred from the consumers of the product to the tax-paying public.