Q. Which one leads to factor cot? Market price – Indirect taxesMarket price – Net indirect taxesMarket price + Indirect taxesMarket price + Net indirect taxes Answer: Market price – Net indirect taxes

Q. Which one includes depreciation? GNP at market priceNNP at market priceNNP at factor costNone of these Answer: GNP at market price

Q. Basis of the difference between the concepts of market price and factor cost is: direct taxesindirect taxessubsidiesNet indirect taxes Answer: Net indirect taxes

Q. Net indirect taxes are estimated as: Indirect taxes + SubsidiesSubsidies – Indirect taxesIndirect taxes – Subsidiesboth b) and c) Answer: Indirect taxes – Subsidies

Q. Domestic product is equal to National product + Net factor income from abroadNational product – Net factor income from abroadNational product / Net factor income from abroadNational Product * Net factor income from abroad Answer: National product – Net factor income from abroad

Q. Reason for the circular flow of income is: government interventionproduction of goods and servicesmutual interdependence of producer and household sectorinvention of money Answer: mutual interdependence of producer and household sector

Q. The market price of the final goods and services (including depreciation) produced within the domestic territory of a country during an accounting year, is called: GDP at market priceGNP at market priceGDP at factor costGNP at factor cost Answer: GDP at market price

Q. National income is often estimated as: NDP at FCNNP at mpNDP at mpNNP at FC Answer: NNP at FC

Q. A car running between Delhi and Agra at a speed at 120 Km/h includes: only stock variablesonly flow variablesboth a stock and a flow variableNone of these Answer: both a stock and a flow variable

Q. Factor services rendered by the households to the firms lead to: real flowmoney flowservices flowboth a) and c) Answer: real flow

Q. A quantity measured per unit of time period is known as: stock variableflow variableinventoryNone of these Answer: flow variable

Q. Income of the family is the example of which variable? StockFlowBoth stock and flowNeither stock nor flow Answer: Flow