National Income 11/12/2022 One Mark Solution Economics 0 19 Created by One Mark Solution National Income MCQs [Set1] 1 / 10 1) 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) GDPmp b) GDPfc c) NNPfc d) NDPmp 2 / 10 2) Which of these is not a component of operating surplus? a) Wages b) Rent c) Interest d) Royalty 3 / 10 3) GDPfc = GDPmp + …………………. a) NFIA b) NIT c) Depreciation d) Indirect Tax 4 / 10 4) While estimating national income, depreciation is measured from: a) Final Goods b) Capita Goods c) Durable Consumer goods d) Intermediate goods 5 / 10 5) Domestic income is greater than National Income if a) NFIA is negative b) NFIA is zero c) None of these d) NFIA is positive 6 / 10 6) Which of the following is intermediate product? a) Wheat used by household b) Machine purchased by a firm c) Pulses purchased by consumers d) Wheat used by flour mill 7 / 10 7) Depreciation means: a) Shut-down of a factory due to strike b) Loss in fixed assets due to normal wear and tear c) Destruction of a factory due to fire d) Loss in fixed assets due to earthquake 8 / 10 8) 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) Real GDP c) GDP at constant Price d) GDP at Current price 9 / 10 9) Which of the following is a flow concept? a) GDP at MP b) Change in stock c) All of the above d) Capital Formation 10 / 10 10) Which of these is transfer income? a) Gifts received from abroad b) Profit c) Wages d) Rent Name Your score is The average score is 43% LinkedIn Facebook Twitter 0% Restart quiz Send feedback Spread the love
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