National Income MCQs [Set 3] 11/12/2022 One Mark Solution Economics 0 17 Created on December 11, 2022 By One Mark Solution National Income MCQs [Set 3] 1 / 10 1) Change in stock will be negative when: a. Closing Stock > Opening Stock b. Opening Stock = 0 c. Closing Stock < Opening Stock d. Closing Stock = 0 2 / 10 2) Old age pension given by Government of India comes under: a. Factor Income b. Capital Transfer c. Current Transfer d. Domestic Factor Payment 3 / 10 3) Find out factor payment from the following: a. Income tax b. Profit c. Subsidies d. Old age pension 4 / 10 4) Which of the following is a final expenditure? a. Vegetables purchased by a restaurant b. Computer purchased by a school c. Scooter purchased by a dealer d. Milk purchased by a tea-maker 5 / 10 5) Medicine supply to the Earthquake victim in India by British Government is : a. Net factor Income from abroad b. Current Transfer c. Capital Transfer d. Factor Income 6 / 10 6) A person of an institution who normally resides in a country and whose economic interest lies in that country is known as: a. Citizen of the country b. Non Citizen of the country c. Normal Resident of a country d. Non- resident of a country 7 / 10 7) A firm’s value added is equal to : a. Sales – Intermediate consumption b. Profit c. Sales d. Sales + Intermediate consumption 8 / 10 8) Corporation tax is not a component of : a. National Income b. Domestic Income c. Personal Income d. Private income 9 / 10 9) Which of the following is not in intermediate goods for a farmer? a. Tractor b. All of these c. Seeds d. Fertilizer 10 / 10 10) Which of the following is not a normal resident of a country? a. A branch of WHO in India. b. An Indian working in WHO situated in India c. An Indian working in American Embassy d. An American tourist in India Name Your score is The average score is 44% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Send feedback Spread the love
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