A) Net Income Method
B) Net Income and Expenditure Method
C) Net Output Method
D) Net Output and Income Method
Correct Answer: C
Solution :
[c] The National Income Committee in India used a combination of Income method and the Product (output) method for estimating national income. In the agriculture and industry sectors the output method (product method) is used. Here net value of product are computed and incorporated in national income. But in the fields of commerce, transport, banking the income method is used. The National income involves the value of products and income earned by the people engaged in service sector.
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