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. Consumption over a long period of time C. Intermediate consumptionD. Capital formation Loading... 2. The traditional economy is characterised by?A. Capital-intensive process of production B. Increasing state interventionC. Organisation of production for self-consumption D. Division of labour and specialisation Loading... 3. Which of the following is an economic activity?A. Listening to music on the radioB. Medical facilities rendered by a charitable dispensaryC. A housewife doing household duties D. Teaching one's own child at home Loading... 4. Which of the following is a characteristic feature of a modern economy?A. Diversity in production of commoditiesB. Diversity in production of commodities D. Static technologyC. Self-sufficient village economy D. Predominance of agriculture Loading... 5. 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 the public D. Business houses that obtain loans from a bank Loading... 6. Which of the following is an economic flow?A. Current account of a household in a bank B. National capital C. Population of a countryD. Demand for machinery Loading... 7. Which of the following is closest to the concept of economic production?A. Addition to the stock of goods and services for future useB. Sale of goods and services for profit C. Manufacture of goods D. Addition to the value of commodities Loading... 8. A closed economy is one which?A. Does not possess any means of international transport B. Does not trade with other countries C. Is not a member of the United Nations OrganisationD. Does not have a coastal line 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. A person of Indian origin working at the World Bank, Washington, DC D. An Indian tourist in Europe Loading... 10. Identify economic stock from among the following?A. Depreciation of machinery B. Production of food grains during the Kharif season C. Purchase of food grains by a household D. Bank deposit of a household Loading... Loading... Related NTS Results Post:National Income Accounting Test 7 Mcqs Preparation OnlineNational Income Accounting Test 4 Mcqs Preparation OnlineNational Income Accounting Test 5 Mcqs Preparation OnlineNational Income Accounting Test 6 Mcqs Preparation OnlineNational Income Accounting Test 3 Mcqs Preparation OnlineNational Income Accounting Test 2 Mcqs Preparation OnlineNational Income Accounting Test 8 Mcqs Preparation OnlineNational Income Test 2 Online Mcqs Preparation
