What is National Income: Basic Concepts

National Income is total amount of goods and services produced within the nation during the given period say, 1 year. It is the total of factor income i.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation.

Concepts of National Income

There are various concepts of National Income, such as GDP, GNP, NNP, NI, PI, DI, and PCI which explain the facts of economic activities.

AB de Villiers re-writes century records

* South Africa batsman AB de Villiers hit a century off 31 balls to record the fastest ever one-day international ton. De Villiers, 30, set the new landmark during an innings of 149 against the West Indies in Johannesburg.

Here are the records born in the match:

GK Update - 17th January 2015

1. LCA Tejas Ready for Crucial Handover

i. The first of the indigenously-built Light Combat Aircraft (LCA) Tejas is likely to be handed over to the Indian Air Force. Defence Minister Manohar Parrikar is expected to hand over the aircraft to Chief of Air Staff Air Chief Marshal Arup Raha.

ii. This will start the process of induction of fighters being built at home under a project that was commenced in 1983 and has already cost the exchequer over Rs.17,000 crores.

iii. 20 aircraft will be built by 2017-2018, to make the first squadron of the aircraft.

iv. The LCA programme was initiated in 1983 to replace the ageing MiG-21s in Indian Air force's combat fleet but has missed several deadlines due to several reasons.

NIACL asst. exam GK (18th January 2015-Morning Shift).

We are providing you the GK questions asked in the today's NIACL asst. exam (18th January 2015-Morning Shift).

• Gandhi setu connects which places? - Patna and Hajipur

Exam 18th January 2015 (Evening Shift)

Some of the GK Questions asked in NIACL Associate exam on 18th January 2015 (Evening Shift)

• Venue of 19th national youth festival - Guwahati, assam

Current affairs Que. 17 Jane 2015

1) Who among the following resigned as Chairperson of Central Board of Film Certification (CBFC) on 16 January 2015?

(A) Shaji N Karun

(B) Leela Samson

(C) Ira Bhaskar

(D) Isha Sharwani