WorksheetsEconomic quiz 18
Total questions: 25
Worksheet time: 13mins
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
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
Distributed profits is also known as
Corporate tax
Dividend
Retained earnings
DA
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
Which of the following is a factor income?
Old age pension
Unemployment allowance
Profit
Scholarship
What is the meaning of ”equilibrium “in macroeconomics?
Aggregate demand is more than aggregate supply
Aggregate demand is less than aggregate supply
Aggregate demand is equal to aggregate supply
Total value of output produced is more than total value of expenditure
At equilibrium level:
consumption = investment
saving = investment
aggregate demand = saving
consumption = saving
If an investment of Rs. 10 crore results in an increase in income by Rs. 50 crore, then the value of multiplier will be:
5
4
2
10
If MPS = 1, calculate the value of K.
1`
4
2
3
If MPS = 1 and increase in national income = Rs. 500 crore, calculate the increase in investment.
500 cr
40 cr
10 cr
2 cr
If MPC = 0.4, What will be change in saving when income increase by Rs. 100 ?
Rs. 60
Rs. 50
Rs. 40
Rs. 70
If aggregate demand exceed aggregate supply, the income rises.
True
False
Which of the following is a flow concept?
Capital Formation
Change in stock
GDP at MP
All of the above.
Which of the following is an example of macroeconomics?
Saving of an individual
Consumption of a household
Price level of a firm
Aggregate demand of an economy
Goods that are used by the producers for several years and are of high value are called:
Intermediate goods
final goods
Capital goods
Both (b) and (c)
Goods which are not used in the production of other goods are called
Capital goods
Consumption goods
Producer goods
Intermediate goods
Who is the author of the book The general Theory of Employment and Money
Ricardo
J.M Keynes
J.B Ray
Adam Smith
When Income is Zero, Then saving will be
0
-ve
+ve
None of these
National income does not include_____
Wages and salaries
Rent and Royalty
Student scholarship
Corporate Tax
Product method of calculating national income is also known as:
Income method
Value added method
Expenditure method
Distribution method
