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