1.

Calculate National Income by Income and Expenditure method.

Answer» Correct Answer - Rs. 480 crores
National Income by Income method
= Method income of self employed+ Compensation of employees+ Rent+ Interest + Profit + Net factor income from abroad
=35+250+75+25+100(-5)
= Rs. 480 crores
National Income by Expenditure method
= Final consumption expenditure of Private sector+ Final consumption expenditure of Government sector+Gross domestic fixed captial formation+(Closing stock-Opening stock)+Net Exports-Consumption of fixed capital + Net Factor Income from abroad- Net Indirect tax
= 350+100+70+(25-15)+(10-20)-10+(-5)-25
= Rs. 480 crores


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