Test 2

Test 2

University

60 Qs

quiz-placeholder

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Test 2

Test 2

Assessment

Quiz

Social Studies

University

Practice Problem

Hard

Created by

NEHA YADAV

Used 1+ times

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60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the production of sugar, sugarcane is

Consumer good

Capital good

intermediate good

Final good

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Net investment is equal to

Net Investment = Gross Investment / Depreciation
Net Investment = Gross Investment x Depreciation
Net Investment = Gross Investment - Depreciation
Net Investment = Gross Investment + Depreciation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income of the family is which variable?

Flow

Stock

Ordinal
Continuous

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Quantity measured per unit of time period is called

Flow variable

Stock variable

Inventory

Consumables

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is incorrect?

NNP at Market Price=GNP at market price + Depreciation

NDP at Market Price=NNP at market price - Net factor income from abroad

NDP at Factor Cost=NDP at market price - Indirect taxes+Subsidies

GDP at Factor Cost=NDP at factor cost + Depreciation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Basis of difference between factor cost and market price is

Direct taxes

Indirect taxes

Subsidies

Net indirect taxes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not included in the final consumption expenditure ?


Household expenditure on food

Government expenditure on goods and services

Household expenditure on education

Expenditure on raw material

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