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