WorksheetsTEST-5 CH- N.I & RELATED AGGREGATE.
Total questions: 20
Worksheet time: 11mins
Operating surplus stands for:
Income from property only
non work income
wage income
income from entrepreneurship
Compensation of employees stands for :
work income
transfer income
entrepreneurship income
income from land
GDPMP includes:
NFIA
consumption of fix capital
payment of taxes
value of imports.
GVAMP provides solutions to:
the problems of double counting
the problem of double coincidence of wants.
undervaluation of national income
unequal distribution of wealth
Income method of calculating national income is also known
industrial origin method
distributed share method
Income disposal method
industrial method
Net National Income at Factor Cost is called:-
National Income
Gross Investment
Domestic Income
None of the above.
Which of the following would be the normal resident of India?
An Indian working in an American embassy in India
An Indian working in Singapore branch of an Indian bank
A team of German engineers in Jaiselmer on official job for six months.
Five Afghan students pursing law in India for the last four years
Which of the following is used for calculating National Income by income method:
Income Tax
Corporation Tax
Sales Tax
Net Indirect Tax
GNPmp = GDPmp + (a)
Which of the following is an example of factor income?
Interest received by bank from producer
Retirement pension
Old age pension
Interest received by bank from household
Construction of a School building by the Government will be part of
Domestic fixed Capital formation
Change in stock
Government final consumption expenditure
Residential construction investment
Depreciation is also known as:
Capita Loss
Unforeseen obsolescence
Capital allowance
Both a) and b)
Identifying the final good from the following which would be included in National Income
Elephant purchased by Circus
Car purchase for further sale
electricity bill paid by School
Gram flour purchased by sweet mart
Which of the following is a component of domestic income?
Old age pension
Operating Surplus
Unemployment allowance
Social security contribution by employees
State whether the following statement is correct or not:- NDFfc is equal to NDPmp less Net Indirect Tax
True
False
Both (a) and (b)
None of these
State whether the following statement is true or false:-NNPmp is equal to NNPfc when Net Indirect Tax are Zero
True
False
Both (a) and (b)
None of these
State the formula of National Income at Factor Cost.
National Income at Market Price – Indirect tax
National Income at Market Price + Indirect tax
National Income at Market Price – Net Indirect tax
National Income at Market Price + Net Indirect tax
Transfer income is :
One side payment
Factor Payment
Factor Income
Mixed Income
If NDPfc = Rs 1500 and Net Factor Income paid to Abroad is (-)Rs 500, then NNPfc will be:
Rs 2,000
Rs 1,500
Rs 1,000
Rs 2,500
A payment made periodically to a landlord for the use of property for a specific period of time is called:-
Rent
Profit
Interest
Royalty
