NATIONAL INCOME MCQ TEST ON STOCK, FLOW,NORMAL RESIDENT ETC.

Basic economic activities.

• Production

• Investment

• consumption

• all of these

Example of stock

• income

• monetary expenditure

• capital formation

• wealth

Which of the following is a semi- durable goods?

• Radio

• Clothes

• Milk

• Petrol

Increase in the stock of capital is known as:

• capital loss

• capital gain

• capital formation

• none of these

Which of the following leads to depreciation?

• Normal wear and tear

• Damages due to floods

• Damages due to market -crash

• None of these.

Which of the following is a sock variable?

• Interest on capital

• Distance between Delhi and Manali

• Expenditure of money in a country

• All of these

Which of the following is not a flow variable?

• Income

• Capital formation

• Supply of money in a country

• Leakage of water from the overhead tank

A car running between Delhi and Agra at a speed of 120 km/h includes:

• Only stock variables

• Only flow variables

• both a stock and a flow variable

• none of these

Quantity measured at a point of time.

• depreciation

• stock

• income

• production

Reason for the circular flow of income is:

• government intervention

• production of goods and services

• mutual interdependence of producer and household sector

• invention of money