SarkariPYQ

SSC CGL 2022 PYQ — Question 37

SSC CGL - 01 Dec 2022 - Shift 1 • General Awareness • Q37

Back to paper

Which of the following is NOT one of the methods of national income estimation?

Show answer & explanation

Correct answer: A

Explanation

The correct answer is Option 1 i.e. Banking method.

Banking method is NOT one of the methods of national income estimation.

The three primary methods for estimating national income are:

  1. Expenditure Method: Measures national income by calculating total expenditure on final goods and services.
  2. Product Method: Calculates national income by adding up the value added at each stage of production.
  3. Income Method: Estimates national income by summing all incomes earned by individuals and businesses, including wages, rent, interest, and profits.