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