National Income Accounting Test 1 Mcqs Preparation Online Leave a Comment / Economics / By Malik Asghar 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. Capital formation B. Intermediate consumptionC. Consumption over a long period of time D. Consumption at the time of its purchase Loading... 2. A closed economy is one which?A. Does not trade with other countries B. Does not possess any means of international transport C. Is not a member of the United Nations OrganisationD. Does not have a coastal line Loading... 3. Which of the following is closest to the concept of economic production?A. Manufacture of goods B. Addition to the value of commodities C. Addition to the stock of goods and services for future useD. Sale of goods and services for profit Loading... 4. Which of the following is an economic flow?A. National capital B. Demand for machineryC. Current account of a household in a bank D. Population of a country Loading... 5. Which of the following is an economic activity?A. A housewife doing household duties B. Medical facilities rendered by a charitable dispensaryC. Teaching one's own child at home D. Listening to music on the radio Loading... 6. The traditional economy is characterised by?A. Increasing state interventionB. Organisation of production for self-consumption C. Division of labour and specialisation D. Capital-intensive process of production Loading... 7. Which of the following is a characteristic feature of a modern economy?A. Diversity in production of commoditiesB. Predominance of agriculture C. Self-sufficient village economy D. Diversity in production of commodities D. Static technology Loading... 8. Identify economic stock from among the following?A. Bank deposit of a householdB. Depreciation of machinery C. Purchase of food grains by a household D. Production of food grains during the Kharif season Loading... 9. Corporate enterprises refer to?A. Business houses that are independent of their ownersB. Business houses maintaining a separate profit and loss account C. Business houses that obtain loans from a bank D. Business houses that obtain loans from the public Loading... 10. 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. An Indian tourist in EuropeC. The Indian manager of the Punjab National Bank branch office in London D. A person of Indian origin working at the World Bank, Washington, DC Loading... Loading... Related NTS Results Post:Biology Mcqs Test 13 Online PreparationBiology Mcqs Test 10 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 09 Online PreparationBiology Mcqs Test 08 Online PreparationBiology Mcqs Test 06 Online PreparationChemistry MCQs Test 07 Online PreparationBiology Mcqs Test 07 Online Preparation
