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. The traditional economy is characterised by?A. Division of labour and specialisation B. Capital-intensive process of production C. Increasing state interventionD. Organisation of production for self-consumption Loading... 2. Identify economic stock from among the following?A. Purchase of food grains by a household B. Depreciation of machinery C. Bank deposit of a householdD. Production of food grains during the Kharif season Loading... 3. 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... 4. Which of the following is an economic activity?A. A housewife doing household duties B. Listening to music on the radioC. Medical facilities rendered by a charitable dispensaryD. Teaching one's own child at home Loading... 5. Which of the following is a characteristic feature of a modern economy?A. Predominance of agriculture B. Self-sufficient village economy C. Diversity in production of commoditiesD. Diversity in production of commodities D. Static technology Loading... 6. A closed economy is one which?A. Does not have a coastal line B. Does not possess any means of international transport C. Does not trade with other countries D. Is not a member of the United Nations Organisation Loading... 7. 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. A person of Indian origin working at the World Bank, Washington, DC C. The Indian manager of the Punjab National Bank branch office in London D. An Indian tourist in Europe Loading... 8. 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 obtain loans from the public D. Business houses that are independent of their owners Loading... 9. Which of the following is an economic flow?A. Population of a countryB. Current account of a household in a bank C. National capital D. Demand for machinery Loading... 10. Purchase of a ceiling fan by a household is treted in national income accounting as a part of?A. Capital formation B. Consumption over a long period of time C. Intermediate consumptionD. Consumption at the time of its purchase Loading... Loading... Related NTS Results Post:Biology Mcqs Test 07 Online PreparationBiology Mcqs Test 09 Online PreparationIslamiat Mcqs Test 03 Online PreparationBiology Mcqs Test 06 Online PreparationIslamiat Mcqs Test 01 Online PreparationChemistry MCQs Test 05 Online PreparationChemistry MCQs Test 06 Online PreparationChemistry MCQs Test 07 Online Preparation
