| 1 |
Which statment is true |
- A. National Income = Naional expenditure - indirettaxes
- B. N1 =GNP -NNP
- C. N1 =P1
- D. NI =NNP-Indirect taxes
|
| 2 |
National income is a measure of |
- A. The zise of government revenue
- B. Payments made to facor of production
- C. Production f goods per day
- D. Total working hours
|
| 3 |
The largest part of national income goes to |
- A. Consumption
- B. Investment
- C. Saving
- D. Transfer payment
|
| 4 |
Circular flow of income links |
- A. Income expenditure
- B. Govt taxes govt expenditure
- C. Exports ,imports
- D. Saving and investment
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| 5 |
The have a functional relation |
- A. Consumption and national income
- B. Consumption and saving
- C. Consumption and investment
- D. All of the above
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| 6 |
If we deduct direct tax from personal income we get. |
- A. Net National income
- B. Disposable income
- C. Personal saving
- D. Per capital income
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| 7 |
In calculating national income which one will NOT be included. |
- A. Exports
- B. Old age pensions
- C. Wages of lecturer
- D. Undistributed profit by firms
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| 8 |
Transfer payments are not included in national income becaues. |
- A. Such payments are made to persons livnig abroad
- B. Double counting would result
- C. They are illegal
- D. There is no method to account for these
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| 9 |
Transfer payments means |
- A. Bank loans
- B. The payment without work
- C. Tax payments
- D. Payments made to all factors of production
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| 10 |
The largest type fo in come in the Pakistan is |
- A. Compensation of employees
- B. Propretors income
- C. Rental income
- D. Corporate profits
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