National Income MCQs

Q. The primary sector includes: Agriculture Retail trading Small Industries All the these Answer: All the these

Q. For a four sector or open economy the condition for equilibrium is: Savings + taxes + Imports = Investment + govt, expenditure + exports Total Leakages = Total Injections Aggregate output = Aggregate Expenditure All of these Answer: All of these

Q. Which is the equilibrium condition of circular flow in the four sector model? C + I C + I + G C + I + G + (X-M) None of these Answer: C + I + G + (X-M)

Q. Which one is included in the three-sector model? Family Firm Government All of these Answer: All of these

Q. Which one is included in the four-sector model? Family, Firm, Industry Family, Firm, Government Family, Firm, Government, Foreign Sector None of the above Answer: Family, Firm, Government, Foreign Sector

Q. Which of the following is sPktock ? Wealth Saving Export Profit Answer: Wealth

Q. Which services are provided by families to a firm? Land Labour Capital and Enterprises All the above Answer: All the above

Q. Which one is included inflow ? Consumption Investment Income All of these Answer: Investment

Q. Which of the following is included in real flow? Flow of Goods Flow of Services Both (1) and (2) None of these Answer: Both (1) and (2)

Q. Which one of the following is included in ‘Stock’? Quantity of Money Wealth Quantity of wheat stored in a warehouse All the above Answer: All the above