Basic concepts of macro economics

Which of the following are coved under the domestic territory of India

• SBI in London

• Google office in India

• Office of TATA motors in Australia

• Russian embassy in India

Japanese embassy in India is a part of domestic territory of

• India

• Japan

• Both a and b

• International area

Which of the following is an example of transfer income

• Bonus

• Unemployment allowance

• Compensation of employees

• All of above

Depreciation of fixed assets refer to

• Normal wear and tear

• Foreseen obsolescence

• Both a and b

• Unforeseen obsolescence

Market price and factor cost will be equal when there is

• No direct tax

• No indirect tax

• No subsidies

• No indirect tax and subsidies

If factor cost is greater than market price then it means that

• Indirect tax>subsidies

• Indirect tax=subsidies

• Indirect tax<subsidies

• Indirect tax~subsidies

The concept of normal residents applies to

• Individuals only

• Institutions only

• Both

• None of them

Which of the following will be included in national income of India

• Old age pension

• Subsidies

• Scholarship

• Salaries

Domestic income of India is the income earned...................... of India

Profits earned by foreign companies in India is part of,.................. Income of India.