national income mcqs

Q. The primary sector within a country for the calculation of National Income includes __________. Small scale industries Retail trading Agriculture All of the above Answer: All of the above

Q. Which of the following is included in the National Income of a country? Rent Interest Wages Rent, Interest, Wages, Salary, Profits Answer: Rent, Interest, Wages, Salary, Profits

Q. Which of the following is not needed while considering the Gross National Product? The net investment made by foreigners within a given period The total of private investments made within a given period The total purchase of goods made by the government within a given period The total per capita income of the citizens

Q. Which of the following is the definition of a closed economy? A closed economy is a type of economy where the money supply is totally controlled by the government A closed economy is a type of economy where neither exports nor imports take place A closed economy is a type of economy where deficit

Q. Which of the following is true for the National Income of a country? If the savings exceed the investment within a country, the National Income will rise If the savings exceed the investment within a country, the National Income will fall If the savings exceed the investment within a country, the National Income will

Q. Which of the following is true for Net National Income? The Net National Income is the total of Gross National Product and Depreciation The Net National Income is the difference between Gross National Product and Depreciation The Net National Income is the difference between Gross Domestic Product and Depreciation The Net National Income is

Q. Which of the following is true for Inflation? The value of money increases during Inflation The value of money decreases during Inflation The value of money stays the same during Inflation None of the above Answer: The value of money decreases during Inflation

Q. Which of the following organisations calculate the Gross Domestic Product in India? Reserve Bank of India Indian Statistical Institute National Statistical Office None of the above Answer: National Statistical Office

Q. Which of the following is the correct definition for the Gross Domestic Product (GDP) of a country? The Gross Domestic Product is the total monetary value of the economic transactions within a country in a given year The Gross Domestic Product is the total value of both monetary and non-monetary goods and services in

Q. Which of the following is true for Disposable Income? Disposable Income is the difference between Private Income and Indirect Taxes Disposable Income is the difference between Personal Income and Indirect Taxes Disposable Income is the difference between Private Income and Direct Taxes Disposable Income is the difference between Personal Income and Direct Taxes Answer: