| 1 |
National Income = Ntional Expenditure is an |
- A. Equation
- B. Identity
- C. Function
- D. None
|
| 2 |
National Income is. |
- A. Total Income earned in producing the national product
- B. All taxes plus govt. spending
- C. Sum of personal income and saving
- D. NNP minus the capital consumption allowance
|
| 3 |
Which is a flow concept. |
- A. Number of my shirts
- B. My montly income
- C. My total wealth
- D. Money Supply
|
| 4 |
A TV set purchased from a retail store is an example of. |
- A. Final goods
- B. Surplus goods
- C. Capital goods
- D. Intermediate goods
|
| 5 |
In economics one of more persons living in a joint family are called a |
- A. Community
- B. Social gathering
- C. Super family
- D. Household
|
| 6 |
Whis is the largest figure |
- A. NNP
- B. GNP
- C. DPI
- D. PI
|
| 7 |
GNP includes |
- A. A Loan from a bank
- B. A loan from one's parents
- C. A brokers commission
- D. Gilfts and donations
|
| 8 |
A closed economy is best described as one in which |
- A. thre are no monopolies
- B. No corporations
- C. No extemalities
- D. No international trade
|
| 9 |
If we deduct direct tax from personal income we get. |
- A. Net National income
- B. Disposable income
- C. Personal saving
- D. Per capital income
|
| 10 |
It is avoided to make correct estimate of national income. |
- A. Free services
- B. Double counting
- C. Export earnings
- D. All of the above
|
