Economic MCQs with answers Page - 13

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Q. National Income at factor cost is equal to–

  • (A) Net National Product - Indirect Taxes + Subsidies
  • (B) Net National Product - Direct Taxes + Subsidies
  • (C) Gross National Product - Depreciation Charges
  • (D) Net National Product + Net Income from Abroad

A

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Q. While estimating National Income which of the following is not taken into account?

  • (A) Services of a teacher
  • (B) Services of a doctor
  • (C) Services of a housewife
  • (D) Services of a maid servant

A

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Q. Gross National Product is the money measure of–

  • (A) All tangible goods produced in a country
  • (B) Final goods and services produced in the economy
  • (C) Services generated annually in the economy
  • (D) All tangible goods available in the economy

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Q. Gross National Product means–

  • (A) Gross value of finished goods
  • (B) Money values of the total national production for any given period
  • (C) Gross value of raw materials
  • (D) Money value of inputs and outputs

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Q. Aggregate net value of the output in 1 year is the–

  • (A) National Income at factor cost
  • (B) Gross Domestic Product at market prices
  • (C) Net National Product at market prices
  • (D) Gross National Product at market prices

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Q. Net National Product in National Income accounting refers to–

  • (A) Gross Domestic Product— Depreciation
  • (B) Gross Domestic Product + Subsidies
  • (C) Gross Natic a Product—Depreciation
  • (D) Gross National Product + Subsidies

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Q. A very high rise in National Income at current market prices and a low rise at constant prices reveals–

  • (A) The high rate of growth in the economy at the current period
  • (B) The increased production in the current period
  • (C) The improper growth of the economy
  • (D) The high rate of inflation prevailing in the economy

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Q. Rate of interest is determined by

  • (A) The rate of return on the capital invested
  • (B) Central Government
  • (C) Liquidity preference
  • (D) Commercial Banks

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Q. When there is affect on economic activity of an specific country due to import and export, then such economy are called

  • (A) Closed economy
  • (B) Open economy
  • (C) Agricultural economy
  • (D) Industrial economy

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Q. Which among the following is not the investment of goods & services?

  • (A) Cost of machinery
  • (B) Increase in cost of raw goods
  • (C) Increasing deparment of company
  • (D) Cost of buying house.

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