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