Question:
State the meaning of ‘Income from Property and Entrepreneurship’.
State the meaning of ‘Income from Property and Entrepreneurship’.
Show Hint
Income from property includes rent and interest, while income from entrepreneurship refers to business profits.
Updated On: Feb 24, 2025
Hide Solution
Verified By Collegedunia
Solution and Explanation
- Income from Property: Earnings from ownership of assets such as rent from land, interest on capital, and royalties.
- Income from Entrepreneurship: Profits earned by business owners after paying all costs, including wages, rent, and interest.
Was this answer helpful?
0
0
Top Questions on National Income Accounting
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year Nominal GDP Nominal GDP (Adjusted to Base Year Price) 2020–21 3,000 5,000 2022–23 4,000 6,000 - CBSE CLASS XII - 2025
- Economics
- National Income Accounting
- Suppose there are only three firms in an imaginary economy, viz. X, Y and Z. During a year, the following transactions took place in the economy:
(I) Firm X sold goods worth ₹ 20,000 to Firm Y and ₹ 12,000 to Firm Z.
(II) Firm Y sold goods worth ₹ 11,000 to Firm X and ₹ 35,000 to Firm Z.
(III) Firm Z sold goods worth ₹ 57,000 to households for final consumption.
On the basis of the given transactions, calculate the value of Gross Domestic Product at Market Price (GDP\textsubscript{MP}) in the economy.- CBSE CLASS XII - 2025
- Economics
- National Income Accounting
- Which of the following is not considered in the calculation of GDP?
- CUET (PG) - 2025
- Economics
- National Income Accounting
On the basis of the given data, estimate the value of National Income (NNPFC):
S.No. Items Amount (in ₹ Crore) (i) Household Consumption Expenditure 1,800 (ii) Gross Business Fixed Capital Formation 1,150 (iii) Gross Residential Construction Expenditure 1,020 (iv) Government Final Consumption Expenditure 2,170 (v) Excess of Imports over Exports 720 (vi) Inventory Investments 540 (vii) Gross Public Investments 1,300 (viii) Net Indirect Taxes 240 (ix) Net Factor Income from Abroad (-) 250 (x) Consumption of Fixed Capital 440 - CBSE CLASS XII - 2025
- Economics
- National Income Accounting
- Explain the importance of National Income.
- Bihar Board XII - 2025
- Economics
- National Income Accounting
View More Questions
Questions Asked in CBSE CLASS XII exam
- ‘Deep Water’ and ‘Indigo’ bring out the importance of overcoming fear. Discuss the two texts with reference to the above statement.
- CBSE CLASS XII - 2025
- Literature
- You are Radhika / Rakesh of 43, J.N. Colony, Cochin. You read the given advertisement and wish to apply for the post advertised. Write a job application along with your bio-data:
- CBSE CLASS XII - 2025
- Writing Skills
- A metal sheet is inserted between the plates of a parallel plate capacitor of capacitance C. If the sheet partly occupies the space between the plates, the capacitance:
- CBSE CLASS XII - 2025
- Electrostatics
- Explain the primary objectives of Gandhiji’s ‘Salt Satyagraha’. How did this Satyagraha mobilize public opinion against British rule? Explain.
- CBSE CLASS XII - 2025
- Modern India (National Movement )
- \[ \int \frac{x + 5}{(x + 6)^2} e^x \, dx \] is equal to:
- CBSE CLASS XII - 2025
- Application of Integrals
View More Questions