Terminology Online Test With Answers

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Terminology Online Test

Sr. # Questions Answers Choice
1 An increase in national income is likely to: Decrease tax receipts Worsen the balance of trade Automatically cause an increase in government spending Cause an increase in injections into the economy
2 Which of the following is not required while computing Gross National product (GNP)? Net foreign investment Private investment Per Capital income of citizens Purchase of goods by government
3 Market value of all final goods and services produced in a country during a year is definition of NI NNP GNP Consumption
4 Net investment is Gross investment minus household investment Gross investment minus govt.investment Gross investment minus capital consumption allowance None of the above
5 If we compare GDP and GNP, then GNP = GDP - net income from abroad GNP = GDP + net income from abroad GNP = NNP - net income from abroad GNP = NNP + net income from abroad
6 If interest payment is deducted from the fiscal deficit,then the balance is- Primary deficit Budgetary deficit Revenue deficit Monetary deficit
7 The standard of living is often measured by: Real GDP per capita Real GDP Real GDP population Real GDP plus depreciation
8 Which property the paper money does not possess Acceptability Divisibility Durability Portability
9 Malthusian theory of population is based on: Harmonic progression of population Geometric progression of food production Arithmetic progression of population Geometric progression of population
10 Say's law of Markets states that: Demand creates its own supply Supply creates its own demand Demand creates its own demand Supply creates its own supply
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