National Income 11/12/2022 One Mark Solution Economics 0 20 Created by One Mark Solution National Income MCQs [Set1] 1 / 10 1) Which of these is transfer income? a) Wages b) Rent c) Gifts received from abroad d) Profit 2 / 10 2) The net value at Market Price of final goods and services during an accounting year within the domestic territory of a country is known as a) NDPmp b) GDPmp c) GDPfc d) NNPfc 3 / 10 3) GDPfc = GDPmp + …………………. a) NFIA b) Indirect Tax c) Depreciation d) NIT 4 / 10 4) While estimating national income, depreciation is measured from: a) Capita Goods b) Final Goods c) Intermediate goods d) Durable Consumer goods 5 / 10 5) If the money value of final goods and services produced by normal residents of a country in a year, measured at the prices of the current year then it is called as: a) National Product b) Real GDP c) GDP at constant Price d) GDP at Current price 6 / 10 6) Depreciation means: a) Loss in fixed assets due to normal wear and tear b) Shut-down of a factory due to strike c) Loss in fixed assets due to earthquake d) Destruction of a factory due to fire 7 / 10 7) Which of the following is intermediate product? a) Machine purchased by a firm b) Pulses purchased by consumers c) Wheat used by flour mill d) Wheat used by household 8 / 10 8) Domestic income is greater than National Income if a) NFIA is negative b) None of these c) NFIA is zero d) NFIA is positive 9 / 10 9) Which of these is not a component of operating surplus? a) Royalty b) Wages c) Rent d) Interest 10 / 10 10) Which of the following is a flow concept? a) Capital Formation b) GDP at MP c) All of the above d) Change in stock Name Your score is The average score is 41% LinkedIn Facebook Twitter 0% Restart quiz Send feedback Spread the love
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