Find National Income and Private Income - Economics

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Find national income and private income:

                                                                                                            (Rs crore)

(i) Wages and salaries                                                                               1,000

(ii) Net current transfer to abroad                                                                   20

(iii) Net factor income paid to abroad                                                              10

(iv) Profit                                                                                                    400

(v) National debt interest                                                                              120

(vi) Social security contributions by employers                                               100

(vii) Current transfers from government                                                         60

(viii) National income accruing to government                                                150

(ix) Rent                                                                                                     200

(x) Interest                                                                                                 300

(xi) Royalty                                                                                                  50

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Solution

NNPFC = Compensation of employees + Operating surplus + Mixed income of self-employed − Net factor income paid to abroad

          = Wages and salaries + Social security contributions by employers + Rent + Interest + Profit + Royalty − Net factor income paid to abroad

          = 1,000 + 100 + 200 + 300 + 400 + 50 - 10 = Rs 2,040

Private income = National income - National income accruing to government - Net current transfer to abroad + National debt interest + Transfer from government

                      = 2040 - 150 - 20 + 120 + 60

                      = Rs 2050

 

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2015-2016 (March) Delhi Set 1

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PASSAGE

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The Union Finance Minister has presented a budget that seeks to accelerate the economy by balancing the impact of Corona on the economy on one hand and growing expectations of all sectors on the other. A significant increase in the allocation for Healthcare by 137% is a feature of this budget. In this budget, the expected revenue for the year 212-2022 is Rs. 34,35, 000crore and the expected expenditure is Rs. 35,83, 000 crore.

Attempts have been made to boost infrastructure, education, agricultural production, employment generation and industry, but the Income tax status quo has remained the same. The budget provides Rs.16.5 lakh crore for agricultural credit, Rs. 223,000 crore for health facilities, Rs. 3 lakh crore for Power Distribution Scheme, Rs. 15,700 crore for Small and Medium Enterprises and Rs. 20,000 crore for Government Bank Capital.

  1. What is the percentage increase in the provision for Healthcare? (1 mark) 
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