| 1 |
Which is not counted in national income |
- A. Interests
- B. transfer payments
- C. Profits
- D. Rents
|
| 2 |
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
|
| 3 |
One of the following is not included in net national product |
- A. Consumer goods
- B. Capital goods
- C. Capital formation
- D. Consumer goods and capital goods
|
| 4 |
national income is found by |
- A. Subtracting depreciation allowance from gross national product
- B. Subtracting indirect taxes from net national product
- C. Adding subsidies in net national product
- D. Subtracting indirect taxes and adding subsidies in net national product
|
| 5 |
Firms earn abnormal profit when: |
- A. AR = AC
- B. AR < AC
- C. AR > AC
- D. AC = AR
|
| 6 |
Which one of the following is not called Gross national product |
- A. Economic national product
- B. Joint national product
- C. Composite national product
- D. All the three
|
| 7 |
National income is total of |
- A. Incomes of all entrepreneurs of the country
- B. Incomes of all industrialists of the country
- C. Incomes of all salaried persons of the country
- D. Incomes of all the people of the country
|
| 8 |
A firm gains abnormal profit, when: |
- A. TR = TC
- B. TR > TC
- C. TR < TC
- D. MC = MR
|
| 9 |
After subtracting depreciation allowance from gross national product is known |
- A. National income
- B. Net national product
- C. Personal income
- D. Gross domestic product
|
| 10 |
A firm gains normat profit, where: |
- A. P=AC
- B. P>AC
- C. P<AC
- D. AC>AR
|
