Question 16

Which of the following is the correct definition of the term National Income ?
(A) National Income means the total amount of money Govt. earns only through direct tax collections every year.
(B) It is the total value of all sorts of stocks held by a country at a particular point of time.
(C) This is the measure of the volume of commodities and services turned out during a given period counted without duplication.


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

cracku

Boost your Prep!

Download App