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Question : Social accounting system in India is classified into


 

Option 1: Income,product and expenditure

Option 2: Enterprise, households and government

Option 3: Assets, liabilities and debt position

Option 4: Public sector, Private sector and Joint sector


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Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 14th Jan, 2024

Correct Answer: Income,product and expenditure


Solution : The correct answer is Income,product and expenditure.

Social accounting measure is the method of estimating the national income of India. It is the value of total goods and services produced in India i.e GDP of India. In India GDP is measured in 3 ways- Income method, expenditure method, and  product method/value added method.

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