National Income MCQs [Set 3] 11/12/2022 One Mark Solution Economics 0 1 Created on December 11, 2022 By One Mark Solution National Income MCQs [Set 3] 1 / 10 1) A person of an institution who normally resides in a country and whose economic interest lies in that country is known as: a. Citizen of the country b. Non Citizen of the country c. Non- resident of a country d. Normal Resident of a country 2 / 10 2) Corporation tax is not a component of : a. Personal Income b. Private income c. National Income d. Domestic Income 3 / 10 3) Old age pension given by Government of India comes under: a. Current Transfer b. Capital Transfer c. Domestic Factor Payment d. Factor Income 4 / 10 4) Which of the following is a final expenditure? a. Computer purchased by a school b. Milk purchased by a tea-maker c. Scooter purchased by a dealer d. Vegetables purchased by a restaurant 5 / 10 5) Change in stock will be negative when: a. Closing Stock = 0 b. Closing Stock > Opening Stock c. Opening Stock = 0 d. Closing Stock < Opening Stock 6 / 10 6) Medicine supply to the Earthquake victim in India by British Government is : a. Factor Income b. Net factor Income from abroad c. Capital Transfer d. Current Transfer 7 / 10 7) A firm’s value added is equal to : a. Profit b. Sales + Intermediate consumption c. Sales – Intermediate consumption d. Sales 8 / 10 8) Which of the following is not in intermediate goods for a farmer? a. Tractor b. Seeds c. All of these d. Fertilizer 9 / 10 9) Find out factor payment from the following: a. Subsidies b. Profit c. Income tax d. Old age pension 10 / 10 10) 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 American Embassy d. An Indian working in WHO situated in India Name Your score is The average score is 20% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Send feedback Spread the love
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