National Income and Related Aggregates-Personal Income (CBSE Class-12 Economics): Questions 1 - 3 of 4

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Question number: 1

» National Income and Related Aggregates » National Disposable Income

» National Income and Related Aggregates » Personal Income

Short Answer Question▾

Write in Short

Calculate Gross National Disposable Income and Personal Income from the following data:

information is given to calculate gross national disposable income and personal income

various data and their respective amount is given for calculation purpose

No.

particulars

Amount ( Rs. Crores)

1

Personal tax

120

2

Net indirect tax

100

3

Corporation tax

90

4

National income

1000

5

Net factor income from abroad

5

6

Consumption of fixed capital

50

7

National debt interest

70

8

Retained earnings of private corporate sector

40

9

Net current transfers to the rest of the world.

(-) 20

10

Current transfers from government

30

11

Share of government in national income

80

Question number: 2

» National Income and Related Aggregates » Personal Income

Essay Question▾

Describe in Detail

Calculate Personal Income from the following data:

Calculate Personal Income

Calculate Personal Income in detail.

-

( Rs. crores)

Undistributed profits of corporations

20

Net domestic product accruing to the private sector

500

Corporation tax

55

Net factor income from abroad

(-) 10

Net current transfers from government

15

National debt interest

40

Net current transfers from the rest of the world

15

Explanation

Personal Income = Net domestic product accruing to the private sector + Net factor income from abroad + Net current transfers from government + Net current transfers from the rest of the world + National debt interest - Corporation tax - Undistributed profits of corporations

Calculation of Personal Income

calculation… (29 more words) …

Question number: 3

» National Income and Related Aggregates » Personal Income

Essay Question▾

Describe in Detail

Calculate Gross National Disposable Income and Personal Income from the given data: (Rs crore)

calculate Gross National Disposable Income and Personal Income

Find Gross National Disposable Income and Personal Income

-

(Rs crore)

Personal tax

120

Net indirect tax

100

Corporation tax

90

National income

1000

Net factor income from abroad

5

Consumption of fixed capital

50

National debt interest

70

Retained earnings of private corporate sector

40

Net current transfers to the rest of the world

(-) 20

Current transfers from government

30

National income accruing to government

80

Explanation

Gross National Disposable Income = National income + Net indirect tax + Consumption of fixed capital - Net current transfers to the rest of the world

=1000 + 100 + 50 – (-20)

Rs. 1170crore

Personal income = National income - National income accruing to government + National debt interest… (42 more words) …

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