National Income Related Aggregates

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

• State Bank of India in London

• Google office in India

• Office of Tata Motors in office of Tata Motors in Australia

• Indian Embassy in Japan

Which one of the following is an intermediate product?

• Machine purchased by a firm

• Wheat used by household

• Wheat used by a flour mill

• Purchase of milk by a dairy shop

Which one of the following is not an example of final goods?

• Chalk ,Duster etc purchased by a school

• Wheat used by household

• fertilizers used by the farmers

• All of the above

Which of the following constitute the reason for difference between market prices and factor cost?

• Indirect taxes

• Subsidies

• Both

• none of the above

If factor cost is greater than market price then it means that

• Indirect taxes is greater than subsidies

• Indirect taxes equal to subsidies

• Subsidy is greater than indirect taxes

• None of the above

Net factor income from abroad is

• Exports minus imports

• Visible exports minus visible imports

• Factor income received from abroad minus factor income paid to abroad

• Factor incomes received from abroad

Depreciation means

• Destruction of a plant in a fire accident

• Loss of fixed assets overtime due to wear and tear

• Loss of fixed assets in loss of fixed assets in an earthquake

• Closure of the plant due to lockout

Market price and factor cost will be equal when there is

• No direct tax

• No subsidy

• Indirect taxes is equal to subsidy

• No indirect tax and no subsidy

Which of the following is an example of transfer income?

• Bonus

• compensation from the employer

• Unemployment allowance

• Scholarship

Final goods refer to those goods which are used either for ------- Or for -----------

• Consumption, investment

• Consumption, resale

• Resale, investment

• Resale, further production