Q. Which one of the following is included in circular flow? Real Flow Money Flow Both (1) and (2) None of these Answer: Both (1) and (2)
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Q. Accounting of National Income at constant prices is known as ________ Money income Real income Current income Domestic income Answer: Real income
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Q. Macro Economics Studies: Employment opportunities in the economy Theory of supply of Commodities Elasticity of demand in Scooter Price of wheat in the market Answer: Employment opportunities in the economy
Q. Which of the following items are excluded from GNP measurement? Purely financial transactions Transfer of used goods and non-market goods and services Illegal activities and the value of leisure All of these Answer: All of these
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Q. The subject of the Study of Macro Economics is: The Principle of National Income The Principle of Consumer The Principle of Producer None of these Answer: The Principle of National Income
Q. Who had made the first attempt at National Income Accounting? Prof. D.R.Gadgill Simon Kuznets J.M.Keynes Gregory King Answer: Gregory King
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Q. Why are the intermediate goods not included in the National Income while measuring National Income? To avoid double accounting It decreases income Intermediate goods are not good All of these Answer: To avoid double accounting
Q. Calculation of National Income at Market Prices is known as _________ Money income Real income Non-monetary income None of these Answer: Money income
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Q. Which of the following is the method of measuring National Income? Income method Product method Expenditure method All of these Answer: All of these
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Q. NNPMP = ________ GNPMP – Depreciation NDPMP + Net factor income from abroad NNPFC + Net indirect taxes All of these Answer: All of these
