The national income of a country for a given period is equal to the

[UPSC Civil Services Exam – 2013 Prelims]

(a) total value of goods and services produced by the nationals

(b) sum of total expenditure

(c) sum of personal income of all individuals

(d) money value of final goods and services produced


Answer: (d)        

Explanation:

National Income is the total monetary value of goods and services produced within the territory of the country in a given period of time.

National Income = C+I+G+ (X-M)

Here,

C – Consumption

I – Total Investment

G – Total Government Expenditure

X – Export

M – Import

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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