NET: Assignment-2

“Rest of the world” is the major element in

• Two sector model

• Three sector model

• Four sector model

• All the above

NNP means

• GDP – depreciation

• GDP + depreciation

• NNP – depreciation

• GNP – depreciation

Out of the following, which aggregate represents 'National Income'?

• NNP at MP

• GNP at FC

• NNP at FC

• GNP at MP

Factor services provided by the households to the firms lead to:

• Real flow

• Money flow

• Service flow

• Income flow

Savings is also known as:

• Circulation

• Injection

• Leakage

• Depreciation

Which is not a component of Depreciation?

• Liquidity

• Normal Wear and Tear

• Obsolescence

• Machinery Breakdown

Which of the following leads to depreciation?

• Normal maintainence cost

• Damages due to floods

• Damages due to market crash

• None of these

Increase in the stock of capital is known as:

• Capital loss

• Capital gain

• Capital formation

• None of these

Net capital formation causes:

• Increase in productive capacity

• Increase in depreciation

• Increase in profits

• Increase in cost

Those goods which satisfy human wants directly are called:

• Intermediate good

• Capital goods

• Consumer goods

• None of these