WorksheetsNational income and related aggregates
Total questions: 15
Worksheet time: 8mins
The market price of all final goods of a country in a year is known as:
GDP at Market Price
GDP at Factor Cost
NNP at Factor Cost
NDP at Market Price
Which one is true?
GNP = GDP + Depreciation
NNP = GNP + Depreciation
NNP = GNP – Depreciation
GNP = NNP – Depreciation
Net National Income at Factor Cost is called?
National Income
Gross Investment
Domestic Income
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 of the following is correct?
Disposable Income = Personal Income – Direct Taxes
Disposable Income = Private Income – Direct Taxes
Disposable Income = Personal Income – Indirect Taxes
Disposable Income = Private Income – Indirect Taxes
If for a country net factor income from abroad is negative then:
GDP < GNP
GDP > GNP
GDP ≥ GNP
GDP = GNP
The market value of all final goods and services produced in an economy over a year is called :
Gross National Product
National Income
Gross Domestic Product
Net National Product
Which one of the following services are included in the Secondary Sector?
Insurance
Manufacturing
Trade
Banking
To include the value of goods or services more than one time while calculating National Income is called :
Single Counting
Double Counting
Multiple Counting
None of these
Which one is a component of profit?
Dividend
Corporate Profit Tax
Undistributed Profit
All of these
Which one is included in National Income?
Transfer Earnings
Sale proceeds of Shares and Bonds
Black Money
None of the Above
Value added method is also known as
Product Method
Inventory Method
Net Output Method
All of the above
The value of which work is added in the calculation of GDP?
Housewives' works
Construction of new house by an artisan
A teacher teaching his own child
The value of resale of old shares
Which of the following is not an economic activity and hence not included while estimating national income in india?
medical services rendered by a dispensary
a lawyer doing his practiced
a housewife doing household work
a maid working full time with a family
A 'resident' of a country is one:
Who was born in that country
Who lives in that country
Who is citizen of that country
Who lives, earns, spent and accumulates in that country
