Q. Which one is included in National Income? Transfer EarningsSale proceeds of Shares and BondsBlack MoneyNone of the Above Answer: None of the Above
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Q. To include the value of goods or services more than one time while calculating National Income is called : Single CountingDouble CountingMultiple CountingNone of these Answer: Double Counting
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Q. Which one is a component of profit? DividendUndistributed ProfitCorporate Profit TaxAll of these Answer: All of these
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Q. Which one is included in Primary Sector? LandForestMiningAll these Answer: All these
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Q. Which one of the following services are included in the Secondary Sector? InsuranceManufacturingTradeBanking Answer: Manufacturing
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Q. The market value of all final goods and services produced in an economy over a year is called : Gross National ProductNational IncomeGross Domestic ProductNet National Product Answer: Gross Domestic Product
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Q. Which method is adopted in measuring National Income? Production MethodIncome MethodExpenditure MethodAll of these Answer: All of these
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Q. If for a country net factor income from abroad is negative then: GDP < GNPGDP > GNPGDP ≥ GNPGDP = GNP Answer: GDP > GNP
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Q. What is the consumption of fixed capital called? Capital formationDepreciationInvestmentAll of these Answer: Depreciation
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Q. Which one is included in National Income? Rent, Wage, InterestRent, Wage, SalaryRent, Profit, InterestRent, Wage, Salary, Interest, Profit Answer: Rent, Wage, Salary, Interest, Profit
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Q. Net National Income at Factor Cost is called? National IncomeGross InvestmentDomestic IncomeNone of these Answer: National Income
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Q. Depreciation expenses are included in: GNPMpNNPMpNNPFCNone of these Answer: GNPMp
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