Which of the following is NOT a method of measuring national income?
A. Product method
B. Balance of payments method
C. Expenditure method
D. Income method
Answer: Option B
Solution (By JKSSB Mock Tests)
National income is measured by product (value added), income and expenditure methods. Balance of payments is used for recording international transactions, not for measuring national income.
Explanation:
Nationalisation is the opposite of privatisation; it involves taking private assets into public ownership. Privatisation methods include disinvestment, strategic sale and PPP.
Explanation:
Tax buoyancy is the ratio of the percentage change in tax revenue to the percentage change in GDP, reflecting both automatic and discretionary changes in the tax system.
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