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