Economics Quiz
Authored by Parswa Jyoti Neog
Financial Education
12th Grade
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Final goods are:
Statement-I: Goods used for immediate consumption or investment.
Statement-II: They are not used for further production processes.
A. Both statements are true and Statement-II is the correct explanation of Statement-I
B. Both statements are true but Statement-II is not the correct explanation of Statement-I
C. Statement-I is true but Statement-II is false
D. Both statements are false
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Market price is different from factor cost because it includes:
Statement-I: Taxes and subsidies.
Statement-II: It reflects the prices producers actually receive after taxes and subsidies are accounted for.
A. Both statements are true and Statement-II is the correct explanation of Statement-I
B. Both statements are true but Statement-II is not the correct explanation of Statement-I
C. Statement-I is true but Statement-II is false
D. Both statements are false
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A capital good is:
Statement-I: Machinery used in production.
Statement-II: It is directly consumed by households.
A. Both statements are true and Statement-II is the correct explanation of Statement-I
B. Both statements are true but Statement-II is not the correct explanation of Statement-I
C. Statement-I is true but Statement-II is false
D. Both statements are false
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An example of a flow variable is:
Statement-I: Income.
Statement-II: It is measured at a particular point in time.
A. Both statements are true and Statement-II is the correct explanation of Statement-I
B. Both statements are true but Statement-II is not the correct explanation of Statement-I
C. Statement-I is true but Statement-II is false
D. Both statements are false
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Gross investment is:
Statement-I: Total expenditure on new capital goods.
Statement-II: It includes spending on replacements for depreciated capital.
A. Both statements are true and Statement-II is the correct explanation of Statement-I
B. Both statements are true but Statement-II is not the correct explanation of Statement-I
C. Statement-I is true but Statement-II is false
D. Both statements are false
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Net investment is calculated by:
Statement-I: Subtracting depreciation from gross investment.
Statement-II: It reflects the actual addition to the capital stock.
A. Both statements are true and Statement-II is the correct explanation of Statement-I
B. Both statements are true but Statement-II is not the correct explanation of Statement-I
C. Statement-I is true but Statement-II is false
D. Both statements are false
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Depreciation refers to:
Statement-I: Decrease in the value of capital goods over time.
Statement-II: It represents a cost that is subtracted from gross investment to calculate net investment.
A. Both statements are true and Statement-II is the correct explanation of Statement-I
B. Both statements are true but Statement-II is not the correct explanation of Statement-I
C. Statement-I is true but Statement-II is false
D. Both statements are false
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