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WorksheetsNational Income
Total questions: 20
Worksheet time: 20mins
Which of the following is not included in National Income?
Car purchased by a taxi driver
Clothes purchased by a household
Electricity charges paid by a tea factory
School fee paid by a student
Which of the following is a flow variable?
Bank deposit
Investment
Capital
Wealth
Real flow is the flow of
Factor services and factor payment
Factor services and consumption expenditure
Factor payments and goods and services
Factor services and goods and services
Which of the following is not included in National Income?
Bonus
Rent
Pension
Selling of shares and bonds
In a two sector economy ______________ is excluded.
Foreign sector
Government sector
Producer sector
Bothe (a) and (b)
National income does not include_____
Wages and salaries
Rent and Royalty
Student scholarship
Corporate Tax
In a closed economy, GDP ia always equal to GNP
True
False
Market price and factor cost will be equal when there is
No direct tax
No indirect tax
No subsidy
No indirect tax no subsidy
When domestic income is greater than national income
NFIA is 0
NFIA is +ve
NFIA is -ve
None of these
GNP(MP) = GDP(MP) + ________ :
Depreciation
Indirect taxes
NFIA
Subsidy
Stock variable is defined as a variable which is:
measured over a period of time
measured at a particular point of time
cannot be measured
None of these
Real flow is also known as:
nominal flow
physical flow
money flow
both nominal and physical flow
NNP at market price equals to NNP at factor cost, if
Net indirect tax is +ve
Net indirect tax is -ve
Indirect tax=Subsidy
None
Transfer payments refer to payments, which are made:
Without any exchange of goods and services
To workers on transfer from one job to another
As compensation to employees
None
Distributed profits is also known as
Corporate tax
Dividend
Retained earnings
DA
In GNP calculation which of the following should be excluded?
Rental incomes
Interest payments
Dividends
Government transfer payment
Real GDP is also known as
GDP at constant prices
GDP at current prices
GDP deflator
Green GDP
Which of the following is true?
GDP at MP = GNP at MP + NFIA
GNP at MP = GDP at MP + NFIA
GDP at FC = GNP at MP + NIT
GDP at MP = GDP at FC + NIT
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
GNP exceeds NNP by
Amount of total taxes
Government expenditure
Transfer payments
Difference Between gross and net investment
