The sum total of incomes received for the services of labour, land or capital in a country is called:

Question:

The sum total of incomes received for the services of labour, land or capital in a country is called:

A.

gross domestic product

B.

national income

C.

gross domestic income

D.

gross national income

Answer» b. national income

Note: The above multiple-choice question is for all general and Competitive Exams in India

The transferring of debit and credit items from journal to the respective accounts in the ledger is calledas

Question:

The transferring of debit and credit items from journal to the respective accounts in the ledger is calledas

A.

Ledger

B.

Posting

C.

Forward journal

D.

None of these one of these

Answer» b. Posting

Note: The above multiple-choice question is for all general and Competitive Exams in India

—————– an entrepreneur is one who carries out business or service activities quite successfullyon a small scale basis.

Question:

—————– an entrepreneur is one who carries out business or service activities quite successfullyon a small scale basis.

A.

Large scale

B.

Medium scale

C.

1st generation

D.

Small scale.

Answer» d. Small scale.

Note: The above multiple-choice question is for all general and Competitive Exams in India