WorksheetsTEST-3 N.I & Related Aggregates
Total questions: 20
Worksheet time: 10mins
The market price of all final goods and services produced in the domestic territory of a country in a year is known as:
GNPmp
GDPfc
NNPfc
None of these
Which one is true?
GNP = GDP + Depreciation
NNP = GDP + Depreciation
NNP = GDP - Depreciation
GNP = NNP - Depreciation
GNPmp = GDPmp + (a)
NNPmp = ?
GDPmp - Depreciation
GDPmp + Depreciation
GDPmp + Indirect Tax
None of the above
NNPmp = GNPmp - (a)
National income is often estimated as:
NDPfc
NNPmp
NDPmp
NNPfc
Domestic product is equal to :
National Product + Net Factor Income from Abroad
National Product - Net Factor Income from Abroad
National Product ÷ Net Factor Income from Abroad
National Product X Net Factor Income from Abroad
NDPfc = NDPmp − (a)
Basis of the difference between the concept of market price and factor cost is:
direct taxes
indirect taxes
subsidies
net indirect taxes
GDPfc = GDPmp − (a)
Which one includes depreciation?
GNP at Market Price
NNP at Market Price
NNP at Factor Cost
None of these
Which one is included in National Income?
Rent, Wage, Interest
Rent, Wage, Salary
Rent,Profit, Interest
Rent, Wage, Salary, Interest, Profit
Which one leads to factor cost?
Market Price - Indirect taxes
Market Price - Net Indirect taxes
Market Price + Indirect taxes
Market Price + Net Indirect taxes
Which of the following is an example of normal residents of India?
Foreign worker working in WHO located in India.
The German worker as Director of IMF office located in India.
Ambassador in India from rest of the world
Ambassador of Indian in rest of the world
National Income includes:
Old age pensions
money sent by an NRI to his family in India
transfer payments from rest of the world
none of these
Financial help to a victim is:
transfer payment
factor income
net factor income from abroad
none of these
Which of the following is included in secondary sector?
Insurance
Banking
Trade
Manufacturing
There is no difference between GDP at Market Price and GDP at Factor Cost in a two sector economy including household sector and producer sector.
True
False
None of these
National Income at Market Price is always greater than National Income at Factor Cost.
True
False
None of these
Net Indirect Taxes are never equal to Zero
True
False
None of these
