Assertion :-The earnings in a market economy are distributed to the owners of the economy's factors of production in the form of wages,profits,rent and interest.
Reasons :- Total incomes received by four factors of production in an economic system during a given period of time called National Income Income at factor cost.
Assertion is True , Reason is False.
Assertion is False ,Reason is True.
Both Assertion and Reason are True.
Both Assertion and Reason are False
Which one of the following comes under factors of production?
land
national income
consumption
Per capita income
Which one of the following are produced by large scale industries?
Dams
shoes
flowers
baskets
The factors of production which are responsible for the production that have to be paid when they are used is called
production
distribution
capital formation
Total Incomes received by four factors of production in an economic system during a given period of time is called
National Income
Per Capita Income
National Income at factor cost
Net National Product
Remuneration given for the use of capital is called
wages
interest
rent
NI = R+W+I+P where as NI stands for
Net Income
Nominal Income
Net National Income
Which one of the following goods are manufactured by small scale industries?
textiles
fruits
oilseeds
Capital is the producer means of
National income of India was first calculated by
V.K.R.V.Rao
Dadabai Naoroji
Dandekar
Visweswaraiya
