CPT Chapter National Income and Tax System
With Jaya Wahal.Duration:1hrs 53min
| National Income & Tax Structure | Duration (min:sec) |
| National Income | |
| {modal https://www.youtube.com/embed/B0-FYovZ4bM?autoplay=1;rel=0|width=780|height=439|title=Introduction to National Income}Introduction to National Income{/modal} | 05:41 |
| {modal https://www.youtube.com/embed/UPFyl2vlPLc?autoplay=1;rel=0|width=780|height=439|title=Basic Terms }Basic Terms {/modal} | 00:22 |
| {modal https://www.youtube.com/embed/B1SWzlSlRgo?autoplay=1;rel=0|width=780|height=439|title=Summary of Basic Terms & Quiz}Summary of Basic Terms & Quiz{/modal} | 08:14 |
| {modal https://www.youtube.com/embed/Uf1q3FUKWck?autoplay=1;rel=0|width=780|height=439|title=Methods of Measuring NI}Methods of Measuring NI{/modal} | 18:28 |
| {modal https://www.youtube.com/embed/BtVEK4PEFTU?autoplay=1;rel=0|width=780|height=439|title=Trends in NI}Trends in NI{/modal} | 02:55 |
| {modal https://www.youtube.com/embed/wREgO8J7yDg?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} | 09:32 |
| {modal https://www.youtube.com/embed/kfJesllNPE8?autoplay=1;rel=0|width=780|height=439|title=Summary}Summary{/modal} | 01:33 |
| Tax | |
| {modal https://www.youtube.com/embed/jlhfRMgWYS0?autoplay=1;rel=0|width=780|height=439|title=Introduction}Introduction{/modal} | 01:14 |
| {modal https://www.youtube.com/embed/Xh6NpSrD-k0?autoplay=1;rel=0|width=780|height=439|title=What is Tax}What is Tax{/modal} | 06:09 |
| {modal https://www.youtube.com/embed/At-Wl7Upr_A?autoplay=1;rel=0|width=780|height=439|title=Merits of DT & IDT}Merits of DT & IDT{/modal} | 10:26 |
| {modal https://www.youtube.com/embed/zt6xYDuCbYw?autoplay=1;rel=0|width=780|height=439|title=Tax Structure in India}Tax Structure in India{/modal} | 16:17 |
| {modal https://www.youtube.com/embed/xP5hXK2Xac4?autoplay=1;rel=0|width=780|height=439|title=Features of Tax Structure}Features of Tax Structure{/modal} | 03:03 |
| {modal https://www.youtube.com/embed/_VGO5Y1XNMQ?autoplay=1;rel=0|width=780|height=439|title=Evaluation of Tax Structure}Evaluation of Tax Structure{/modal} | 01:59 |
| {modal https://www.youtube.com/embed/UJcCGHejmaE?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} | 03:33 |
| {modal https://www.youtube.com/embed/ft4zsFAKDOQ?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} | 01:18 |
| Total | 01:53:10 |
Methods of Measuring National Income
Income Method-
Rents, wages and Salaries, Interest and Profits and composite income
Expenditure Method-
Consumption expenditure
Investment expenditure
Examples-
As per the Value Added Method of measuring national income identify which of the following item is excluded?
(a) Brokerage and Commission earned by dealers of second hand goods
(b) Sale of second hand machines
(c) Production for Self Consumption
(d) Imputed rent of owner occupied houses
Value added method is used to measure______
(a) National Income
(b) Domestic Income
(c) Gross Income
(d) Personal Income
The production method of calculating national income is also known as
(a) Value added method
(b) Income method
(c) Expenditure method
(d) None of the above
Transfer payments refer payments, which are made :
(a) Without any exchange of goods and services
(b) To workers on transfer from one job to another
(c) As compensation to employees
(d) None
Transfer payments refer payments, which are made :
(a) Without any exchange of goods and services
(b) To workers on transfer from one job to another
(c) As compensation to employees
(d) None
National Income differs from Net National Product at market price by the amount of :
(a) Current transfers from rest of the world
(b) Net Indirect Taxes
(c) National debt interest
(d) It does not differ
Net national product at factor cost is also known as :
(a) Net Domestic product
(b) Gross National product
(c) National Income
(d) Personal Income
GNP = GDP +_______
(a) Depreciation
(b) Indirect taxes
(c) NFIA
(d) Subsidies
Which of the following represents National Income?
(a) GDP at factor cost
(b) NDP at factor cost
(c) NNP at market price
(d) NNP at factor cost
GDP at factor cost is equal to GDP at market price minus _____ plus subsidies.
(a) Direct taxes.
(b) Indirect taxes.
(c) Foreign loans.
(d) Depreciation.
Trends in National Income Growth & Structure-
Trends in NNP
Trends in per capita income
Notes
National Income
Index
National income
Basic concept in National income and output
Methods of Measuring National Income
Trends in National Income Growth and Structure
Basic concept in National income and output
Gross national product
Net national product
NNP at factor cost or National income
Personal Income
Personal Disposal Income
Gross domestic product
GDP at constant prices and current prices
GDP at factor cost and GDP at Market price
Net domestic product
Tax System
Index
What is Direct & Indirect tax?
Merit and Demerits of Direct and Indirect taxes
Tax structure in India
Features of tax structure in India
Evaluation of tax structure in India
What is Direct and Indirect tax
Tax: Compulsory Contribution
Direct Tax: Incidence falls on persons who pay it
e.g. Income tax, Wealth tax
Indirect Tax: Incidence is shifted through a change in price
e.g. Sales tax, Custom, Excise Duty
CPT Exam Exposure-National Income
CPT Exam Exposure-Tax System