5 Questions
According to the Assertion (A) and Reason (R), which option is correct?
Both Assertion (A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion (A).
In the context of compensation to flood victims and national income, which option is correct?
Assertion (A) is true but Reason(R) is false.
What is the relationship between domestic income and national income according to the Assertion (A) and Reason (R)?
Domestic income of a country can be more than its National Income.
In the context of transfer income and national income, what is the correct statement?
Transfer income does not contribute to the current flow of goods and services.
What is the correct relationship between compensation to flood victims and national income?
Compensation to flood victims is never included in national income.
Test your understanding of economics with this quiz on error analysis for standard XII students at Velammal Bodhi Campus in Theni. The quiz covers objective questions related to domestic income, national income, and factor income received and paid abroad.
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