Basic of National Income Accounting

Land, Labour, Capital and Entrepreneurship are also known as (a)  

.......................... is the flow of money between firms and households.

• Circular Flow

• money flow

• real flow

• none of the above

Choose the Correct point/Points related to Stock.

• It refers to the variable which is measured at a particular point of time.

• It is a static concept.

• It has a time dimension.

Two sectors economy consists of:-

• Household sector

• firm sector

• Government sector

• Foreign sector

Which of the following are covered under domestic territory of the India?

• Indian embassy in japan

• Microsoft office in India

• An Indian company in London

• Branch of foreign bank in India

Examples of Transfer Income is/are:

• Scholarship

• Rent

• Old age Pension

• Unemployment allowance

Milk Purchased by households for consumption is an example of Final Goods.

• True

• False

Calculate NFIA when:

Factor Income From abroad= Rs. 500

Factor Income to abroad= Rs. 300

• Rs. 800

• Rs. 200

• Rs. 500

• none of the above

Gross Investment= 7000

Net Investment= 5000

calculate Depreciation.

• 1000

• 12000

• 2000

• - 2000

Indirect tax - Subsidies = ..............................

• Net indirect tax

• NFIA

• NSD

• NONE OF THE ABOVE