National Income MCQs [Set 3] 11/12/2022 One Mark Solution Economics 0 16 Created on December 11, 2022 By One Mark Solution National Income MCQs [Set 3] 1 / 10 1) Medicine supply to the Earthquake victim in India by British Government is : a. Net factor Income from abroad b. Capital Transfer c. Current Transfer d. Factor Income 2 / 10 2) Which of the following is not a normal resident of a country? a. An American tourist in India b. An Indian working in WHO situated in India c. A branch of WHO in India. d. An Indian working in American Embassy 3 / 10 3) Which of the following is not in intermediate goods for a farmer? a. Seeds b. Fertilizer c. All of these d. Tractor 4 / 10 4) 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 5 / 10 5) Old age pension given by Government of India comes under: a. Capital Transfer b. Factor Income c. Domestic Factor Payment d. Current Transfer 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) Corporation tax is not a component of : a. Private income b. Domestic Income c. National Income d. Personal Income 8 / 10 8) 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. Normal Resident of a country d. Non Citizen of the country 9 / 10 9) Change in stock will be negative when: a. Opening Stock = 0 b. Closing Stock = 0 c. Closing Stock > Opening Stock d. Closing Stock < Opening Stock 10 / 10 10) Find out factor payment from the following: a. Profit b. Old age pension c. Subsidies d. Income tax Name Your score is The average score is 45% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Send feedback Spread the love
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