1) While estimating national income, why do you use final
goods only? How is GDP calculated by the income
approach? Explain the different stages involved in it
20 Distinguish between the following:
5-5-5=15
a. GDP at market price and GNP at factor costs
Yb. Net National Product at constant prices and Net
Domestic Product at current prices.
d. Personal Income and Personal Disposable Income
3) Discuss the various sources of non-tax revenue in India.
5
* Differentiate between inflation and deflation. "Inflation is
unjust; deflation is inexpedient; of the two deflation is
worse". Enunciate the statement.
5-7
5) What do you mean by e-banking? What are the various
types of e-banking? Discuss the advantages and
disadvantages of e-banking in India.
2+2-6
6) Discuss the function, and role of IMF, World Bank and
WTO.
6-6-6
Answers
Answer:
Explanation:
1) While estimating national income, why do you use final
goods only? How is GDP calculated by the income
approach? Explain the different stages involved in it
20 Distinguish between the following:
5-5-5=15
a. GDP at market price and GNP at factor costs
Yb. Net National Product at constant prices and Net
Domestic Product at current prices.
d. Personal Income and Personal Disposable Income
3) Discuss the various sources of non-tax revenue in India.
5
* Differentiate between inflation and deflation. "Inflation is
unjust; deflation is inexpedient; of the two deflation is
worse". Enunciate the statement.
5-7
5) What do you mean by e-banking? What are the various
types of e-banking? Discuss the advantages and
disadvantages of e-banking in India.
2+2-6
6) Discuss the function, and role of IMF, World Bank and
WTO.
6-6-6