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