TEST-5 CH-1 NATIONAL INCOME & RELATED AGGREGATES

A person or an institution who normally resides in country and whose economic interest lies in that country is known as:

• Normal Resident of a country

• Non- resident of a country

• Both (a) and (b)

• None of these.

Find out factor payment from the following:

• Subsidies

• Old Age Pension

• Profit

• Income Tax

Old age pension given by Government of India comes under:

• Factor Income

• Capital Transfer

• Current Transfer

• Domestic Factor Payment

Which of the following is not a normal resident of a country?

• An Indian working in WHO situated in India.

• An American tourist in India.

• An Indian working in American Embassy

• A branch of WHO in India.

Which of the following is not in intermediate goods for a farmer?

• Seeds

• Fertilizers

• Tractor

• All of these.

Medicine supply to the Earthquake victim in India by British Government is:

• Factor Income

• Capital Transfer

• Net Factor Income from Abroad

• Current transfer

Which of the following is a final expenditure?

• Computer purchased by a school.

• Scooter purchased by a dealer.

• Vegetable purchased by a restaurant.

• Milk purchased by a tea-maker.

Transfer income is:

• One side payment.

• Factor payment.

• Factor income.

• Mixed Income

A payment made periodically to a landlord for the use of property for a specific period of time is called:

• Rent

• Profit

• Interest

• Royalty

Which of these is not a consumer goods?

• Use of bread by a household

• Use of milk by a household

• Use of sugar by a family

• Use of seed by a farmer.