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Assertion Reason

Authored by Hemant Raj

Education

12th Grade

Used 2+ times

Assertion Reason
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66 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

(A) : Domestic Income is a territorial Concept. (R) : Domestic Income includes value of final goods & services produced in the entire world.

Both (A) & (R) are True and (R) is the correct explanation.
Both (A) & (R) are True but (R) is not the correct explanation
(A) is True but (R) is False
(A) is False but (R) is True

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

(A) : Domestic Income is equal to National Income in case of Closed Economy. (R) : Closed Economy has no economic relations with rest of the world.

Both (A) & (R) are True and (R) is the correct explanation.
Both (A) & (R) are True but (R) is not the correct explanation
(A) is True but (R) is False
(A) is False but (R) is True

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

(A) : National Income is a National Concept. (R) : National Income includes value of final goods & services produced in the entire world by all producers who are normal residents of the country.

Both (A) & (R) are True and (R) is the correct explanation.
Both (A) & (R) are True but (R) is not the correct explanation
(A) is True but (R) is False
(A) is False but (R) is True

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

(1) : NDP FC is also known as Domestic Income. (2) : NDP FC is less than NNP FC when net factor income from abroad is positive.

Both the statements are true.
Both the statements are false.
Statement 1 is true & statement 2 is false.
Statement 2 is true & statement 1 is false.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

(1) : Gross Domestic Product at Market Price is a territorial concept. (2) : Gross Domestic Product at Market price excludes net indirect taxes.

Both the statements are true.
Both the statement are false.
Statement 1 is true & statement 2 is false.
Statement 2 is true & statement 1 is false.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

(1) : Domestic Income considers all producers who are normal residents of the country. (2) : Domestic Income does not include NFIA

Both the statements are true.
Both the statement are false.
Statement 1 is true & statement 2 is false.
Statement 2 is true & statement 1 is false.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

(1) : In a closed economy, domestic income is equal to national income. (2) : Closed economy has no economic relations with rest of the world.

Both the statements are true.
Both the statement are false.
Statement 1 is true & statement 2 is false.
Statement 2 is true & statement 1 is false.

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