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) Capital Formation b) All of the above c) GDP at MP d) Change in stock 2 / 10 2) Which of these is not a component of operating surplus? a) Interest b) Rent c) Royalty d) Wages 3 / 10 3) Domestic income is greater than National Income if a) NFIA is negative b) NFIA is positive c) NFIA is zero d) None of these 4 / 10 4) GDPfc = GDPmp + …………………. a) NIT b) NFIA c) Depreciation d) Indirect Tax 5 / 10 5) 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) NDPmp c) NNPfc d) GDPmp 6 / 10 6) Which of the following is intermediate product? a) Machine purchased by a firm b) Wheat used by flour mill c) Pulses purchased by consumers d) Wheat used by household 7 / 10 7) Depreciation means: a) Destruction of a factory due to fire b) Shut-down of a factory due to strike c) Loss in fixed assets due to earthquake d) Loss in fixed assets due to normal wear and tear 8 / 10 8) While estimating national income, depreciation is measured from: a) Intermediate goods b) Durable Consumer goods c) Final Goods d) Capita Goods 9 / 10 9) Which of these is transfer income? a) Gifts received from abroad b) Profit c) Rent d) Wages 10 / 10 10) 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) National Product d) GDP at constant Price Name Your score is The average score is 43% LinkedIn Facebook Twitter 0% Restart quiz Send feedback Spread the love
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