National Income 11/12/2022 One Mark Solution Economics 0 20 Created by One Mark Solution National Income MCQs [Set1] 1 / 10 1) GDPfc = GDPmp + …………………. a) Depreciation b) Indirect Tax c) NFIA d) NIT 2 / 10 2) Domestic income is greater than National Income if a) NFIA is negative b) None of these c) NFIA is zero d) NFIA is positive 3 / 10 3) Which of the following is a flow concept? a) Change in stock b) Capital Formation c) GDP at MP d) All of the above 4 / 10 4) While estimating national income, depreciation is measured from: a) Durable Consumer goods b) Capita Goods c) Final Goods d) Intermediate goods 5 / 10 5) 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) GDP at Current price b) GDP at constant Price c) Real GDP d) National Product 6 / 10 6) Which of these is transfer income? a) Gifts received from abroad b) Profit c) Rent d) Wages 7 / 10 7) 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 8 / 10 8) Depreciation means: a) Shut-down of a factory due to strike b) Loss in fixed assets due to earthquake c) Destruction of a factory due to fire d) Loss in fixed assets due to normal wear and tear 9 / 10 9) Which of these is not a component of operating surplus? a) Interest b) Royalty c) Rent d) Wages 10 / 10 10) 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) NDPmp b) GDPfc c) GDPmp d) NNPfc Name Your score is The average score is 41% LinkedIn Facebook Twitter 0% Restart quiz Send feedback Spread the love
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