| 1 |
Transfer payments are included in the income |
- A. National income
- B. Gross domestic product
- C. Personal income
- D. Disposable personal income
|
| 2 |
In the long run monopolist earns profit: |
- A. Normal
- B. Abnormal
- C. Super normal
- D. Both b and c
|
| 3 |
What remains after the deduction of direct tax from the personal income |
- A. NNP
- B. NNI
- C. DPI
- D. GNP
|
| 4 |
------------ is not included in gross domestic product |
- A. Private investment
- B. Income received from foreign country
- C. Depreciation allowance
- D. Govt. investment
|
| 5 |
Which one of the following is not included in the methods of measuring national income |
- A. Method of total according to market prices
- B. Method of total of incomes
- C. Method of total of domestic necessities and desires
- D. Method of total expenditures
|
| 6 |
Difference between total revenue and total cost presents: |
- A. Price
- B. Profit
- C. Production
- D. Loss
|
| 7 |
The term "Price Maker" is used in: |
- A. Perfect competition
- B. Oliogopoly
- C. Monopoly
- D. Monopsony
|
| 8 |
Under monopoly, the slope of MR curve is: |
- A. Twice the slope of AR curve
- B. Less than the slope of AR curve
- C. Greater than the slope of AR curve
- D. Half the slope of AR curve
|
| 9 |
Which is not counted in national income |
- A. Interests
- B. transfer payments
- C. Profits
- D. Rents
|
| 10 |
One of the following precautions is not included in measurement of national income by product method |
- A. To subtract depreciation allowance
- B. To subtract indirect taxes
- C. Not to include transfer payments
- D. To include subsidies
|
