National Income 11/12/2022 One Mark Solution Economics 0 19 Created by One Mark Solution National Income MCQs [Set1] 1 / 10 1) Which of the following is a flow concept? a) GDP at MP b) All of the above c) Capital Formation d) Change in stock 2 / 10 2) While estimating national income, depreciation is measured from: a) Durable Consumer goods b) Capita Goods c) Final Goods d) Intermediate goods 3 / 10 3) Domestic income is greater than National Income if a) NFIA is zero b) NFIA is negative c) None of these d) NFIA is positive 4 / 10 4) Which of the following is intermediate product? a) Pulses purchased by consumers b) Wheat used by household c) Machine purchased by a firm d) Wheat used by flour mill 5 / 10 5) Which of these is not a component of operating surplus? a) Rent b) Wages c) Royalty d) Interest 6 / 10 6) 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) GDPfc b) GDPmp c) NNPfc d) NDPmp 7 / 10 7) 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 8 / 10 8) 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) GDP at constant Price c) Real GDP d) GDP at Current price 9 / 10 9) GDPfc = GDPmp + …………………. a) NIT b) Depreciation c) NFIA d) Indirect Tax 10 / 10 10) Which of these is transfer income? a) Wages b) Rent c) Profit d) Gifts received from abroad Name Your score is The average score is 43% LinkedIn Facebook Twitter 0% Restart quiz Send feedback Spread the love
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