Q. Classification of goods depend on the: consumption of goodsproduction of goodsfirst – use of goodsend -use of goods Answer: end -use of goods

Q. Final goods are used by the: consumersproducersgovernmentall of these Answer: all of these

Q. Consumption of all goods and services in the economy during the period of an accounting year is knows as: aggregate demandaggregate supplyaggregate consumptionnone of these Answer: aggregate consumption

Q. Economic agents include: governmentconsumersproducersall of these Answer: all of these

Q. Macroeconomics is concerned with: the level of output of goods and services in the economythe general level of pricesGDP growthall of these Answer: all of these

Q. Study of the general price level is a subject matter of: microeconomicsmacroeconomicsboth 1 and 2None of these Answer: macroeconomics

Q. Given NDP at fc = 80, indirect tax = 10, and net factor income to abroad = -10, what is NNP at mp? 708090100 Answer: 80

Q. GDP at mp is: Inclusive of depreciationInclusive of indirect taxExclusive of subsidiesAll the above Answer: All the above

Q. Capital and investment are:- Both flowsBoth stocksCapital is stock while investment is flowInvestment is stock while capital is flow Answer: Capital is stock while investment is flow

Q. Chinese embassy in India is a part of economic territory of: ChinaIndiaBoth China and IndiaInternational area Answer: China