Q. The difference between the National Income and the Net National Product at market price is known as _______. National debt transferCurrent transfers from the rest of the worldNet indirect taxesAll of the above Answer: Net indirect taxes

Q. Which of the following is the employment theory related to? MacroeconomicsStatic economicsMicroeconomicsNone of the above Answer: Macroeconomics

Q. Which of the following is the correct term for calculating National Income at constant prices? Current incomeDomestic incomeReal incomeNone of the above Answer: Real income

Q. Which of the following is a method to measure the National Income? Expenditure methodIncome methodProduct methodAll of the above Answer: All of the above

Q. Which of the following is the correct term for calculating National Income at the market prices? Money incomeNon-monetary incomeReal incomeNone of the above Answer: Money income

Q. Which of the following items are not included while measuring the Gross National Product? Illegal and leisure activitiesPurely financial transactionsTransferring of used goods and non-market goods and servicesAll of the above Answer: All of the above

Q. Total national income divided by total population is known as: Private incomePersonal incomePersonal spendable incomePer capita income. Answer: Per capita income

Q. Production enterprises are divided in: Two sectorsThree sectorsFour sectorsFive sectors. Answer: Three sectors

Q. Out of the following which is not a flow: CapitalIncomeInvestmentDepreciation. Answer: Capital

Q. From the following which method is used for measuring national income: Production methodIncome methodExpenditure methodAll of the above. Answer: All of the above.

Q. Macro-economics is the study of: Principle or Theories of national incomeConsumer’s theoryProduction theoryNone of these. Answer: Principle or Theories of national income

Q. Which one is included in the calculation of National Income? New Final Goods and ServicesEarned Income of Indian Companies in AbroadExpenses made by Foreign Tourists in the countryAll the above Answer: All the above