Q. Which of the following is included in the National Income of a country? RentInterestWagesRent, Interest, Wages, Salary, Profits Answer: Rent, Interest, Wages, Salary, Profits

Q. Which of the following is not needed while considering the Gross National Product? The net investment made by foreigners within a given periodThe total of private investments made within a given periodThe total purchase of goods made by the government within a given periodThe total per ...

Q. Which of the following is the definition of a closed economy? A closed economy is a type of economy where the money supply is totally controlled by the governmentA closed economy is a type of economy where neither exports nor imports take placeA closed economy is a type of economy where ...

Q. Which of the following is true for the National Income of a country? If the savings exceed the investment within a country, the National Income will riseIf the savings exceed the investment within a country, the National Income will fallIf the savings exceed the investment within a country, ...

Q. Which of the following is true for Net National Income? The Net National Income is the total of Gross National Product and DepreciationThe Net National Income is the difference between Gross National Product and DepreciationThe Net National Income is the difference between Gross Domestic ...

Q. Which of the following is true for Inflation? The value of money increases during InflationThe value of money decreases during InflationThe value of money stays the same during InflationNone of the above Answer: The value of money decreases during Inflation

Q. Which of the following organisations calculate the Gross Domestic Product in India? Reserve Bank of IndiaIndian Statistical InstituteNational Statistical OfficeNone of the above Answer: National Statistical Office

Q. Which of the following is the correct definition for the Gross Domestic Product (GDP) of a country? The Gross Domestic Product is the total monetary value of the economic transactions within a country in a given yearThe Gross Domestic Product is the total value of both monetary and ...

Q. Which of the following is true for Disposable Income? Disposable Income is the difference between Private Income and Indirect TaxesDisposable Income is the difference between Personal Income and Indirect TaxesDisposable Income is the difference between Private Income and Direct ...

Q. Which of the following is another term for the Net National Product at factor cost? Personal IncomeNational IncomeGross National ProductNet Domestic Product Answer: National Income

Q. Which of the following is not a part of the National Income? Undistributed profitsIncome from government expenditureThe interest amount on the unproductive national debtThe payments made by a household to a firm for purchasing goods and services Answer: The interest amount on the ...

Q. Which of the following is the actual definition of transfer payments? Transfer payments refer to the payments made as compensation to the employees within an organisationTransfer payments refer to the payments made to workers on transferring from one job to anotherTransfer payments refer to ...