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