National Income Accounting Test 1 Mcqs Preparation Online Malik Asghar — April 23, 2018 in Economics • add comment National Income Accounting Test 1 Mcqs Preparation Online 1. Purchase of a ceiling fan by a household is treted in national income accounting as a part of?A. Consumption at the time of its purchase B. Intermediate consumptionC. Capital formation D. Consumption over a long period of time Loading... 2. A closed economy is one which?A. Does not possess any means of international transport B. Is not a member of the United Nations OrganisationC. Does not have a coastal line D. Does not trade with other countries Loading... 3. The traditional economy is characterised by?A. Increasing state interventionB. Capital-intensive process of production C. Organisation of production for self-consumption D. Division of labour and specialisation Loading... 4. Which of the following is a characteristic feature of a modern economy?A. Diversity in production of commoditiesB. Self-sufficient village economy C. Diversity in production of commodities D. Static technologyD. Predominance of agriculture Loading... 5. Which of the following is an economic activity?A. Listening to music on the radioB. A housewife doing household duties C. Teaching one's own child at home D. Medical facilities rendered by a charitable dispensary Loading... 6. Which of the following is closest to the concept of economic production?A. Sale of goods and services for profit B. Addition to the stock of goods and services for future useC. Addition to the value of commodities D. Manufacture of goods Loading... 7. Corporate enterprises refer to?A. Business houses that obtain loans from a bank B. Business houses maintaining a separate profit and loss account C. Business houses that are independent of their ownersD. Business houses that obtain loans from the public Loading... 8. Which of the following is an economic flow?A. National capital B. Current account of a household in a bank C. Population of a countryD. Demand for machinery Loading... 9. Who among the following is a non-resident of India?A. A person of Indian origin employed in the UNO office at New Delhi B. The Indian manager of the Punjab National Bank branch office in London C. An Indian tourist in EuropeD. A person of Indian origin working at the World Bank, Washington, DC Loading... 10. Identify economic stock from among the following?A. Bank deposit of a householdB. Depreciation of machinery C. Production of food grains during the Kharif season D. Purchase of food grains by a household Loading... Loading...
