national income mcqs

Q. Production enterprises are divided in: Two sectors Three sectors Four sectors Five sectors. Answer: Three sectors

Q. Out of the following which is not a flow: Capital Income Investment Depreciation. Answer: Capital

Q. From the following which method is used for measuring national income: Production method Income method Expenditure method All of the above. Answer: All of the above.

Q. Macro-economics is the study of: Principle or Theories of national income Consumer’s theory Production theory None of these. Answer: Principle or Theories of national income

Q. Which one is included in the calculation of National Income? New Final Goods and Services Earned Income of Indian Companies in Abroad Expenses made by Foreign Tourists in the country All the above Answer: All the above

Q. Which one is included in National Income? Transfer Earnings Sale proceeds of Shares and Bonds Black Money None of the Above Answer: None of the Above

Q. To include the value of goods or services more than one time while calculating National Income is called : Single Counting Double Counting Multiple Counting None of these Answer: Double Counting

Q. Which one is a component of profit? Dividend Undistributed Profit Corporate Profit Tax All of these Answer: All of these

Q. Which one is included in Primary Sector? Land Forest Mining All these Answer: All these

Q. Which one of the following services are included in the Secondary Sector? Insurance Manufacturing Trade Banking Answer: Manufacturing