Part 7 Economics PI, PDI, PCI, GCF ,GDP By Md kashif hayat

1 Define personal income ?Ans = It is the sum of all the incomes received by all the households during a given period say financial year. 2 Mathematical formula for personal income is ?Ans ,PI = NI + income received but not earned - income earned but not received3 What is PDI define it ?Ans = measures the after-tax income of persons and nonprofit corporations.Or If the personal tax payments and Non tax payments are deducted from personal income PDI is obtained. 4 Define mathematical formula for PDI ?Ans = PI - Personal tax payments - Non tax payments 5 What is the full form of PCI ?Ans = Per capita...

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Part 6 Economics Some important Organization and terms by Md kashif hayat

1 What is the full form of PI ?Ans = Personal income 2 What is the full form of PDI ?Ans = Personal Disposable income 3 What is the full form of PCI ? Ans = Per Capita income 4 what is the full form of GCF ? Ans = Gross capital formation 5 What is the full form of IFI ? Ans = international financial institution 6 what is the full form of IBRD ? Ans = The international bank for reconstruction and development 7 What is the full form of IDA ? Ans  = The international development association 8 What is the full form of IFC? Ans = The international finance corporation 9 What...

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Part 5 Economics NDP and NNP questions and answers Md kashif hayat

1 What is the full form of NDP? Ans = Net domestic products 2 what is NDP? Ans = The net domestic product (NDP) equals the Gross Domestic product (GDP) minus depreciation  on a country's capital goods ( source Wikipedia) 3 What is the mathematical formula for NDP? Ans =NDP= GDP - D 4 Define depreciation in economics? Ans. Due to use or wear and tear when the monetary value of an assets decreases with passing time is known as depreciation. 5 Define the full form of NNP? Ans = Net national product6 What is NNP? Ans = The value of all finished Goods and services...

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Economy part 4 Important Question on NFFI

1 What is NFFI ? Ans = Difference between a nations  GNP-GDP2 Which is calculated as the difference between the total amount that a country's citizens + company earn abroad, and the total sum of amount that the foreign citizens +companies Eran in the country Ans = NFFI 3 what is the full form of NFFI?  Ans = Net foreign factor income 4 In mathetical term NFFI? Ans= NFFI = GNP-GDP. 5 What is the full form of BEA? Ans = Bureau of economic analysis © Md kashif hayat&nb...

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Economy part 3 Important questions on GNP by Md kashif hayat

1.What is the full form of GNP? Ans= Gross National Product2 How can GNP be calculated? Ans= It can be calculated by the total value of all the final products and services produced in a given period by a countrys resident. 3 What is Net Exports? Ans= It is the difference between what a country exports ( X) - any imports ( M) of goods and services produced within a financial year. Note = GNP is final Goods produced by the citizen of a country irrespective of where they produced. 4 Define the formula of GNP? Ans= GNP=GDP+NFFI ( X-M)  here, X = Income from abroad, M= foreigners income from India NFFI...

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part 2 Important economy Questions and answers on GDP by Md kashif hayat

1 Define GDP Ans = It is the market value of all final goods and services produced within a financial year by factors of production located within a country, or simply total market values of country output. 2 How can GDP be estimated? Ans = GDP can be estimated at both factor cost and market price. 3 What is factor cost? Ans= It is the price of commodity from producer side. 4 What is market price? Ans = When indirect taxes imposed on commodity it is called market price. 5 Define the formula of factor cost? Ans = FACTOR COST = MARKET COST + SUBSIDIES - INDIRECT TAXES 6 define the formula for Market...

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10 Important economy mcq on National income part 1 Md kashif hayat

1 Financial year start and end on? Ans = 1 April to 31st March 2 Which is used to measure the size of economy and level of country's economic performance. Ans = National income 3 Which is used to make international comparison of people's living standerds? Ans = National income 4 Important methods for calculating national Income is? Ans= GDP, GNP, NDP, PDI5 Total money value of all final goods and services produced in a financial year is known as? Ans = National incomeAll rights reserved © Md kashif hayat&nb...

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