Q. Which of the following is included in the compensation of employees? Dearness AllowanceTools were given to employees to be used during workPayment by the insurance company to an injured employeeContribution by employee to the provident fund. Answer: Dearness Allowance

Q. If net national product is given at Marke prices, we_____indirect taxes and______subsidies to get National Income of the economy. Add, SubtractAdd, DivideSubtract, AddSubtract, Divide Answer: Subtract, Add

Q. National Income is equal to: Domestic product plus factor incomes earned from abroadDomestic product plus net factor incomes earned from abroadDomestic product minus factor incomes to abroadDomestic product plus export minus imports Answer: Domestic product plus net factor incomes earned ...

Domestic factor income is another name for: NDP at FCNNP at MPGDP at FCNNP at FC Answer: NDP at FC

Q. Net domestic product at factor cost is less than national income when: Net factor income from abroad is positiveNet factor income from abroad is negativeNet factor income from abroad is zeroNet exports are positive Answer: Net factor income from abroad is positive

Q. In which type of country, domestic income is equal to national income? open EconomyClosed EconomyBoth a) and b)Neither a) nor b) Answer: Closed Economy

Q. If economic subsidies are added to and indirect taxes are subtracted from the national income at market prices, then it will be equal to: Domestic IncomeNational IncomeGross national product at market pricesGross Domestic product at factor cost Answer: National Income

Q. Which of the following is not a component of operating surplus? InterestRentRoyaltyCompensation of Employees Answer: Compensation of Employees

Q. Out of the following, which aggregate represents ‘National Income’? NNP at MPGNP at FCNNP at FCGNP at MP Answer: NNP at FC

Q. Goods purchased for the following purpose are final goods: For the satisfaction of wantsFor investment in firmBoth 1 and 2None of the above Answer: Both 1 and 2