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