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WorksheetsNATIONAL INCOME & RELATED AGGREGATES
Total questions: 20
Worksheet time: 20mins
A person or an institution who normally resides in country and whose economic interest lies in that country is known as:
Normal Resident of a country
Non- resident of a country
Both (a) and (b)
None of these.
Which of the following is not in intermediate goods for a farmer?
Seeds
Fertilizers
Tractor
All of these.
Which of the following is not a normal resident of a country?
An Indian working in WHO situated in India.
An American tourist in India.
An Indian working in American Embassy
A branch of WHO in India.
Which of the following is a final expenditure?
Computer purchased by a school.
Scooter purchased by a dealer.
Vegetable purchased by a restaurant.
Milk purchased by a tea-maker.
A payment made periodically to a landlord for the use of property for a specific period of time is called:
Rent
Profit
Interest
Royalty
Which of these is not a consumer goods?
Use of bread by a household
Use of milk by a household
Use of sugar by a family
Use of seed by a farmer.
The tax which is imposed on the profit of corporate is known as:
Income Tax
Corporate Tax
Sales Tax
Excise duty
Income earned through entrepreneurship is called:
Profit
Loss
Operating Surplus
Royalty
Study of macroeconomics is concerned with:
Theory of demand
determination of aggregate output
General price level
both (b) and (c)
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
Which of the following is not a macro variable.
Whole sale price index
Output of the firm
Aggregate demand
Aggregate supply
Intermediate goods are those goods:
Which have yet not crossed the boundary line of production.
Which are purchased by one firm from the other firm for resale.
Which are not included in the estimation of National Product.
All of these.
Which of the following is intermediate product?
Pulses purchased by consumers
Machine purchased by a firm
Wheat used by flour mill
Wheat used by household.
Depreciation means:
Destruction of a factory due to fire
Loss in fixed assets due to normal wear and tear
Loss in fixed assets due to earthquake
Shut-down of a factory due to strike
Electric goods like tube lights and bulbs are examples of :
Durable consumer goods
Semi-durable consumer goods
Non-durable consumer goods
All of these
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
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
Japanese embassy in India is a part of domestic territory of (a)
National production means goods and services produced within the borders of a nation during a specified period.
TRUE
FALSE
