National Income 11/12/2022 One Mark Solution Economics 0 20 Created by One Mark Solution National Income MCQs [Set1] 1 / 10 1) Depreciation means: a) Shut-down of a factory due to strike b) Destruction of a factory due to fire c) Loss in fixed assets due to earthquake d) Loss in fixed assets due to normal wear and tear 2 / 10 2) GDPfc = GDPmp + …………………. a) Depreciation b) NIT c) Indirect Tax d) NFIA 3 / 10 3) Which of these is transfer income? a) Wages b) Gifts received from abroad c) Profit d) Rent 4 / 10 4) Domestic income is greater than National Income if a) NFIA is zero b) NFIA is negative c) None of these d) NFIA is positive 5 / 10 5) While estimating national income, depreciation is measured from: a) Intermediate goods b) Final Goods c) Durable Consumer goods d) Capita Goods 6 / 10 6) Which of the following is a flow concept? a) GDP at MP b) Capital Formation c) Change in stock d) All of the above 7 / 10 7) The net value at Market Price of final goods and services during an accounting year within the domestic territory of a country is known as a) NNPfc b) GDPfc c) NDPmp d) GDPmp 8 / 10 8) Which of the following is intermediate product? a) Wheat used by household b) Pulses purchased by consumers c) Machine purchased by a firm d) Wheat used by flour mill 9 / 10 9) Which of these is not a component of operating surplus? a) Rent b) Interest c) Wages d) Royalty 10 / 10 10) If the money value of final goods and services produced by normal residents of a country in a year, measured at the prices of the current year then it is called as: a) National Product b) GDP at Current price c) Real GDP d) GDP at constant Price Name Your score is The average score is 41% LinkedIn Facebook Twitter 0% Restart quiz Send feedback Spread the love
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