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What is National Income? Definition, aggregate, calculation formula and mathods|| India's National income

    National income is an uncertain term which is used interchangeably with national output, national expenditure and national devidend. On the basis of national income accounting records the leel of activity in account such as total revenue earned by domestic corporation, income tax by corporation, wages paid to foreign works....etc 1. What is national income? National income is defined as total net earnings from the production of goods and services in country over a period of time, usually one year consisting essentially of wages, salaries,rent, profits and intrest. * National income formula* For the calculation of national income specific formula use is... National income= C+I+G+(X-M) National income is considered as NNP at factors coast. Where,   C= Total consumption expenditure  I=Total investment expenditure G= Total government expenditure X= Export  M= Import 2. How can national income measure? National income can be measured or estimated by..... ...
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What is UNSC? what does the UNSC do?

Currently UNSC is in the news because of India elected as UNSC non permanent member for two years which is important for India as well other countries who want to see the india as permanent member of UNSC because india always stand for the peace and many other matters so let's know about UNSC.    What is UNSC? UNSC full form is "   United Nations security council"  UN is an international organisations founded in 1945.it is currently made up of 193 members state. The year of 2020 mark the 75th anniversary of the

What is LAC ?

What is LAC between India and China?why LAC in news?       Now LAC between India and China currently in news due to face off indian soldiers and China's solders which results in to casualties of both sides solders which become dispute of border now between India and China. So let's know about LAC....           The full form of LAC is " Line of Actual Control" which is border between India and China. LAC is separating the eastern Ladakh territory of India and Aksai China. Basically it is border between two countries. In western sector LAC referred as only " Line of control" we called as LOC which also border between two countries.               LAC form the effective border together with Mcmohan line into the east and small undesputed section between China and India. The total Sino-Indian border within LAC is 4056km which touch to the Indian state and territories include  Ladakh, Uttarakhand, Himachal Pr...