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