Macro class 12 chapter 2

Which of the following is a part of domestic territory of India?

• Indian Embassy in USA

• Russian embassy in Australia

• Chinese Embassy in India

• None of the these

Domestic territory is also called

• Economic territory

• Political territory

• Foreign territory

• Can't say

Which of the following is a part of normal resident of India?

• Indian official working in Indian embassy in USA

• Australian tourist staying for 5 days in India

• Indians staying for medical treatment in UK

• None of these

Centre of economic interest include

• Resident lives or works in domestic territory

• Resident operates economic activities at that place

• Both a and b

• None of these

Which of the following is factor income?

• Rent paid for land

• Interest on capital

• Wages paid to labour

• All of the above

Which of the following is included in national income?

• Transfer income

• Intermediate consumption

• Factor income

• All of the above

Which of the following is not a transfer income?

• Scholarship

• Wages and salaries

• Old age pension

• Pocket money paid to children

Final goods are neither

• Resold

• Used for further production

• Inside production boundary

• All of the above

Which of the following is a capital goods?

• Pens used by teachers

• Notebooks used be students

• Machinery used by firms

• All of the above

Which of the following is correct?

• GROSS INVESTMENT= Net Investment- depreciation

• GROSS INVESTMENT= Net Investment+ depreciation

• NET INVESTMENT= Gross Investment+ depreciation

• TOTAL INVESTMENT= Net Investment- Gross Investment