Unit 2 Economics

Which method is adopted in measuring National Income?

• Income Method

• Production Method

• Expenditure Method

• All of these

Which of the following is another term for the Net National Product at factor cost?

• Gross National Product

• National Income

• Net Domestic Product

• Personal Income

Which of the following is true for Inflation? EC810

• The value of money decreases during Inflation

• The value of money stays the same during Inflation

• None of the above

• The value of money increases during Inflation

Macro-economics is the study of: EC84

• Principle or Theories of national income

• None of these.

• Production theory

• Consumer’s theory

The increase in the stock of the capital is also called EC86

• Capital formation

• Capital loss

Which of the following is the employment theory related to?

• Microeconomics

• None of the above

• Static economics

• Macroeconomics

Which of the following term is opposite to Inflation?

• Hyperinflation

• Stagflation

• Desolation

• Deflation

Which one of the following services are included in the Secondary Sector?

• Trade

• Banking

• Manufacturing

• Insurance

Which one is included in Primary Sector? EC83

• Mining

• Forest

• All these

• Land

Which one of the following is also included in the National Income? EC87

• Black Money

• Sale proceedings of bonds and shares

• Transfer Earnings

• None of these