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 ...

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