WorksheetsNational Income - Quiz no. 1
Total questions: 25
Worksheet time: 25mins
Stock variable is defined as a variable which is
Measured over a period of time
Particular point of time
Cannot be measured
None of these
Real flow is also known as nominal flow
False
True
Which of the following are covered under the domestic territory of India
State Bank of India in London
Google office in India
Office of TATA motors in Australia
Russian embassy in India
Which of the following is an example of transfer income
Bonus
Unemployment allowance
Compensation from the employer
All of the above
NFIA is
Export - Import
Visible export - Visible import
FIFA - FITA
Factor income received from abroad
Unforeseen obsolescence of fixed capital assets during production is
Consumption of fixed capital
Capital loss
Income loss
None of the above
Which one of the following is not an example of final goods
Chalk, duster etc. Purchased by a school
Fertilizer used by the farmers
Wheat used by the flour mill
All of the above
Market price and factor cost will be equal when there is
No direct tax
No indirect tax
No subsidy
No indirect tax no subsidy
National Income is always more than the domestic income
True
False
Which of the following is not a component of operating surplus
Interest
Rent
Royalty
COE
In a closed economy, GDP ia always equal to GNP
True
False
GNP exceeds NNP by
Amount of total taxes
Government expenditure
Transfer payments
Difference Between gross and net investment
Which one is included in national Income
Winning from lottery
Milk purchase by a dairy shop
National debt interest
None of these
Distributed profits is also known as
Corporate tax
Dividend
Retained earnings
DA
Measurement of national income at constant prices constitute its
Nominal value
Real value
Factor income paid to non-resident within the domestic territory of a country leads to
Increase in domestic income
Decrease in National income
Both a & b
No change
Which of the following is not a factor income
Old age pension
Rent
Profit
Interest
When domestic income is greater than national income
NFIA is 0
NFIA is +ve
NFIA is -ve
None of these
Which of the following is an intermediate good
Bread
Leather
Cloth
Shoes
Which of the following is a flow?
Population
Births and deaths
Water in a tank
None of these
NNPfc is also called....
National income
Domestic income
Transfer income
Personal income
Income from property and entrepreneurship of producing enterprises is called:
Compensation of employees
Mixed income
Operating surplus
Undistributed profit
The difference between value of output and value added is:
Depreciation
Net Indirect tax
Intermediate consumption
Net factor income from abroad
What is depreciation?
Capital loss
Fixed capital loss
Consumption of fixed capital
None
6.When a nation's exports exceed its imports and is calculated as exports - imports
trade surplus
trade deficit
inventory
gross domestic product
