Economic MCQs with answers Page - 10

Here, you will find a collection of MCQ questions on Economic. Go through these questions to enhance your preparation for upcoming examinations and interviews.

To check the correct answer, simply click the View Answer button provided for each question.

Have your own questions to contribute? Click the button below to share your MCQs with others!

+ Add Question

A

Admin • 802.91K Points
Coach

Q. Per Capita Income is equal to–

  • (A) National Income/ Total population of the country
  • (B) National Income + Population
  • (C) National Income - Population
  • (D) National Income x Population

A

Admin • 802.91K Points
Coach

Q. Which one of the following is the most appropriate reason for inequalities in income?

  • (A) Racial factors
  • (B) Lack of opportunities
  • (C) Inheritance from family environment
  • (D) Differences in ability

A

Admin • 802.91K Points
Coach

Q. Which of the following is deducted from NNP to arrive at NI?

  • (A) Indirect tax
  • (B) Capital consumption allowance
  • (C) Subsidy
  • (D) Interest

A

Admin • 802.91K Points
Coach

Q. Which one of the following is not included while estimating National Income through income method?

  • (A) Rent
  • (B) Mixed income
  • (C) Pension
  • (D) Undistributed Profits

A

Admin • 802.91K Points
Coach

Q. While computing National Income estimates, which of the following is required to be observed?

  • (A) The value of exports to be added and the value of imports to be subtracted
  • (B) The value of exports to be subtracted and the value of imports to be added
  • (C) The value of both exports and imports to be added
  • (D) The value of both exports and imports to be subtracted

A

Admin • 802.91K Points
Coach

Q. Who estimated the National Income for the first time in India?

  • (A) Mahalanobis
  • (B) Dadabhai Naoroji
  • (C) VKRV Rao
  • (D) Sardar Patel

A

Admin • 802.91K Points
Coach

Q. National Income is generated from–

  • (A) any money-making activity
  • (B) any labourious activity
  • (C) any profit-making activity
  • (D) any productive activity

A

Admin • 802.91K Points
Coach

Q. Which of the following is deducted from GNP to arrive at NNP?

  • (A) Depreciation
  • (B) Interest
  • (C) Tax
  • (D) Subsidy

A

Admin • 802.91K Points
Coach

Q. The total value of goods and services produced in a country during a given period is–

  • (A) Disposable Income
  • (B) National Income
  • (C) Per Capita Income
  • (D) Net National Income

A

Admin • 802.91K Points
Coach

Q. An individual’s actual standard of living can be assessed by–

  • (A) Gross National Income
  • (B) Net National Income
  • (C) Per Capita Income
  • (D) Disposable Personal Income

Add MCQ in this Category

If you want to share an MCQ question in this category, it's a great idea! It will be helpful for many other students using this website.

Share Your MCQ

Browse Categories

Click on category to learn MCQs of that category.