NEW
Font size
WorksheetsNational Income & Related Aggregates (By S C Jena, KV3 BBSR)
Total questions: 20
Worksheet time: 20mins
Income earned by all the residents of a country is called
Domestic income
National income
Private income
None of these
Income earned within the economic territory of a country is called
GDP
GNP
NNDI
Private Income
Gross and Net adjustment is made through
NFIA
Consumption of fixed capital
NIT
Compensation of employees
Market Price - Factor Cost = __________
NFIA
NIT
CFC
GDP
If NFIA = 100 , Factor Income to abroad = 20 , Factor Income from abroad is = _______.
80
120
20
100
GNPmp - Depreciation - NIT = __________
NNPmp
GNPfc
NDPfc
NNP fc
Net Domestic Fixed Capital Formation = 250 , Depreciation = 30 , NIT = 20 , Change in stock = 10 , what is the value of Gross domestic capital formation?
290
300
280
270
Domestic income is greater than National Income when
Depreciation is negative
Factor income from abroad is greater than factor income to abroad
Factor income from abroad is less than factor income to abroad
NIT is negative
GDPmp = 200 , subsidies = 25 , GDPfc = ?
200
175
225
275
Sales = 100 , decrease in stock = 20 , intermediate consumption = 10 , GVAmp = ?
110
70
130
90
Which of the followings is a final good?
Raw materials used by a firm
Tea brewing machine purchased by a restaurant
Car purchased by a car dealer
An Apartment purchased for resale
Repairing charges of a machine damaged due to sudden accident comes under
Depreciation
Consumption of Fixed Capital
Capital Loss
Capital Gain
Indian Embassy situated in America is a domestic territory of :
India
America
Both India & America
None of these
Machine used by a firm in the production process comes under which type of goods?
Producer Goods Only
Consumer Goods Only
Capital Goods Only
Producer Goods as well as Capital Goods
Raw Materials used by a firm in the production process is which type of goods?
Consumer Goods
Capital Goods
Producer Goods
Final Goods
Which of the followings is not a phase of Circular Flow of Income and Product?
Generation
Distribution
Disposition
Transportation
Which of the followings is not a Flow variable?
National Income
Capital
Addition to capital stock
Savings
Profits earned by State Bank of India from its branch situated in London is a part of
Domestic Income of London
Domestic Income of India
National Income of India
Domestic Income of London & National Income of India
If the Nominal Income of a country in a year is 1650 units and Price Index is 150 , what will be its Real Income in that year?
1000 units
1100 units
1150 units
1800 units
Which of the followings is not a part of Operating Surplus?
Rent
Wage
Interest
Profit
