National Income MCQs [Set 3] 11/12/2022 One Mark Solution Economics 0 17 Created on December 11, 2022 By One Mark Solution National Income MCQs [Set 3] 1 / 10 1) Which of the following is not in intermediate goods for a farmer? a. Fertilizer b. Seeds c. All of these d. Tractor 2 / 10 2) Which of the following is not a normal resident of a country? a. A branch of WHO in India. b. An Indian working in WHO situated in India c. An Indian working in American Embassy d. An American tourist in India 3 / 10 3) Medicine supply to the Earthquake victim in India by British Government is : a. Factor Income b. Capital Transfer c. Net factor Income from abroad d. Current Transfer 4 / 10 4) Change in stock will be negative when: a. Closing Stock > Opening Stock b. Closing Stock < Opening Stock c. Closing Stock = 0 d. Opening Stock = 0 5 / 10 5) A person of an institution who normally resides in a country and whose economic interest lies in that country is known as: a. Non- resident of a country b. Citizen of the country c. Normal Resident of a country d. Non Citizen of the country 6 / 10 6) A firm’s value added is equal to : a. Sales – Intermediate consumption b. Sales c. Sales + Intermediate consumption d. Profit 7 / 10 7) Which of the following is a final expenditure? a. Computer purchased by a school b. Vegetables purchased by a restaurant c. Milk purchased by a tea-maker d. Scooter purchased by a dealer 8 / 10 8) Find out factor payment from the following: a. Profit b. Income tax c. Old age pension d. Subsidies 9 / 10 9) Corporation tax is not a component of : a. Personal Income b. Private income c. National Income d. Domestic Income 10 / 10 10) Old age pension given by Government of India comes under: a. Capital Transfer b. Domestic Factor Payment c. Current Transfer d. Factor Income Name Your score is The average score is 44% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Send feedback Spread the love
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