JNU SSS 2010 Question 87: National income accounting
In the following statements, 'investment' is meant to be investment from a macroeconomic point of view. The following transactions (i), (ii) and (iii) have taken place in the economy :
(i) Your family has taken out a mortgage from a bank and purchased a new house with the loan advanced to your family by the bank.
(ii) You have used your salary to buy share of the Steel Authority of India Ltd.
(iii) You draw money from your savings bank account of State Bank of India (SBI) and invest in SBI mutual fund share.
Indicate which combination of statements is correct
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Answer and worked solution
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on Saving and investment identities, part of National income accounting in Macroeconomics.
The accounting links between saving, investment, the government budget and the current account.
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