National income (NNP at FC) is equal to
Q. National income (NNP at FC) is equal to: GNP at FC + depreciation GNP at FC – depreciation NNP at mp – Net indirect taxes both 2) and 3) Answer: both 2) and 3)
National Income MCQs
GNP at market price is measured as
Q. GNP at market price is measured as: GDP at market price – Depreciation GDP at market price + Net factor income from abroad GNP at market price + subsidies NDP at factor cost + Net factor income from abroad Answer: GDP at market price + Net factor income from abroad
The difference between national income and domestic income is that of
Q. The difference between national income and domestic income is that of: net indirect taxes net factor income from abroad consumption of fixed capital both a) and b) Answer: net factor income from abroad
The difference between national income and domestic income is that of Read More »
Which of the following is an example of normal residents of India?
Q. Which of the following is an example of normal residents of India? Foreign worker working in WHO located in India The german working as a director in IMF office located in India Ambassador in India from rest of the world Ambassador of India in rest of the world Answer: Ambassador of India in rest
Which of the following is an example of normal residents of India? Read More »
Which one leads to factor cot?
Q. Which one leads to factor cot? Market price – Indirect taxes Market price – Net indirect taxes Market price + Indirect taxes Market price + Net indirect taxes Answer: Market price – Net indirect taxes
Which one includes depreciation?
Q. Which one includes depreciation? GNP at market price NNP at market price NNP at factor cost None of these Answer: GNP at market price
Basis of the difference between the concepts of market price and factor cost is
Q. Basis of the difference between the concepts of market price and factor cost is: direct taxes indirect taxes subsidies Net indirect taxes Answer: Net indirect taxes
Basis of the difference between the concepts of market price and factor cost is Read More »
Net indirect taxes are estimated as
Q. Net indirect taxes are estimated as: Indirect taxes + Subsidies Subsidies – Indirect taxes Indirect taxes – Subsidies both b) and c) Answer: Indirect taxes – Subsidies
Domestic product is equal to
Q. Domestic product is equal to National product + Net factor income from abroad National product – Net factor income from abroad National product / Net factor income from abroad National Product * Net factor income from abroad Answer: National product – Net factor income from abroad
Reason for the circular flow of income is
Q. Reason for the circular flow of income is: government intervention production of goods and services mutual interdependence of producer and household sector invention of money Answer: mutual interdependence of producer and household sector