Question 13

In India, the National Income is measured on the basis of -

Solution

Share

This method measures national income by adding up all incomes earned by factors of production namely land, labor, capital, and entrepreneurship in the form of rent, wages, interest, and profit respectively. This method is primarily used for the organized service sector, government sector, and banking sector in India.

Create a FREE account and get:

  • Banking Quant Shortcuts PDF
  • Free Banking Study Material - (15000 Questions)
  • 135+ Banking previous papers with solutions PDF
  • 100+ Online Tests for Free