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) Rent b) Wages c) Gifts received from abroad d) Profit 2 / 10 2) Depreciation means: a) Loss in fixed assets due to earthquake b) Destruction of a factory due to fire c) Loss in fixed assets due to normal wear and tear d) Shut-down of a factory due to strike 3 / 10 3) 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) NNPfc b) NDPmp c) GDPfc d) GDPmp 4 / 10 4) GDPfc = GDPmp + …………………. a) Depreciation b) NIT c) NFIA d) Indirect Tax 5 / 10 5) Which of the following is intermediate product? a) Machine purchased by a firm b) Wheat used by household c) Wheat used by flour mill d) Pulses purchased by consumers 6 / 10 6) Domestic income is greater than National Income if a) None of these b) NFIA is zero c) NFIA is positive d) NFIA is negative 7 / 10 7) 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) Real GDP b) GDP at Current price c) GDP at constant Price d) National Product 8 / 10 8) While estimating national income, depreciation is measured from: a) Capita Goods b) Final Goods c) Durable Consumer goods d) Intermediate goods 9 / 10 9) Which of these is not a component of operating surplus? a) Royalty b) Rent c) Wages d) Interest 10 / 10 10) Which of the following is a flow concept? a) Capital Formation b) All of the above c) GDP at MP 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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