| 1 |
What remains after the deduction of direct tax from the personal income |
- A. NNP
- B. NNI
- C. DPI
- D. GNP
|
| 2 |
Expenditures of repair of machines are called |
- A. Unproductive expenditures
- B. Productive expenditures
- C. Rewards
- D. Depreciation allowance
|
| 3 |
The term "Price Maker" is used in: |
- A. Perfect competition
- B. Oliogopoly
- C. Monopoly
- D. Monopsony
|
| 4 |
Difference between total revenue and total cost presents: |
- A. Price
- B. Profit
- C. Production
- D. Loss
|
| 5 |
Which thing of the following should be subtracted from gross national product to get net national product |
- A. Direct taxes
- B. Indirect taxes
- C. Depreciation allowance
- D. Income received from foreign country
|
| 6 |
Individual income means |
- A. Total of incomes received from any means by the people
- B. Total of incomes of entrepreneurs of the country
- C. Income of a particular person
- D. Income of a family
|
| 7 |
Net national product is found by |
- A. Subtracting tax from gross national product
- B. Subtracting transfer payments form gross national product
- C. Subtracting depreciation allowance from gross national product
- D. Subtracting subsidies from gross national product
|
| 8 |
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
|
| 9 |
Monopoly refers to: |
- A. Single buyer
- B. Single seller
- C. Single producer
- D. Both b and c
|
| 10 |
Equilibrium of national income is, when |
- A. S > 1
- B. S = 1
- C. S < 1
- D. S and 1
|
