
ECONOMICS QUIZ
Authored by Shiba Haider
Social Studies
11th - 12th Grade
Used 78+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TrEatment of BONUS paid to employees in national income/ domestic income
Not included as it is transfer payment
Included as it is part of compensation of employees
Included as it is within domestic territory
None of these
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Treatment of purchase of refrigerator by a firm for own use in NI / DI
Included as it a final producer capital good
Not included as it is a final consumer good
Included as it is a resident firm
None of these
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Treatment of purchase of chalks by school in domestic/ national income
Not included as it is an intermediate good
Included as it is a final good
Not included as it is a consumer good
None of these
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Treatment of profits earned by branches of INDIAN bank in other country in domestic income of India
Included as it is resident bank
Not included as bank is not in domestic territory of India
Included as profit is part of operating surplus
None of these
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Treatment of salaries of Indian working in American embassy in India
Included in national income as indian is normal resident of India
Not included in domestic territory as American embassy is not part of domestic territory of India
Included as salaries is part of Compensation of employees
None of the these
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
scholarship given to a student is not included because:-
It is a intermediate cost
It is a service for self consumption
It is a transfer payment
None of these
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Treatment of interest on loan taken by an individual for car
Included as it is meant for production
Included because it is final expenditure
Not included as it is meant for consumption purpose
None of these
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