Accounting and Finance Questions and Answers

When new house is given on rent the factor income will increase. Hence, it will be part of National Income. Rests are part of Transfer Payment.

According to Nobel Prize winner Frederick Wan, Forced Saving in an economic situation in which consumer spend less than their disposable income, not because they want to save but because the goods they seek are not avoidable or because goods are too expensive.

The CSO provides data under a new revised series in which the base year is taken as 2011–12.

The Advertisement and public relations of selling expenses are part of intermediate consumption.

Under the consideration of India economy, census of agriculture, is done by production method.

If any country will produce only consumer good, then gradually the country will become poor as there will be no exchange of other goods and the economy of that country will highly be affected.

Expl:- In budget 2014-15 the percent of G.D.P was 4.1 of fiscal deficit. But in 2015-16 its percent becomes 3.9% of fiscal deficit.

For private corporate sector, retained profits adjusted for non operating surplus/deficit is considered as net saving

Expl:- When increase in income the increase in ratio between income & expenditure changes Ratio less than 1

Expl:- NDPmp + NFIA = NNPmp

GDPmp + NFIA + GNPmp