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. Identify economic stock from among the following?A. Production of food grains during the Kharif season B. Depreciation of machinery C. Purchase of food grains by a household D. Bank deposit of a household Loading... 2. 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... 3. Which of the following is a characteristic feature of a modern economy?A. Self-sufficient village economy B. Diversity in production of commodities D. Static technologyC. Predominance of agriculture D. Diversity in production of commodities Loading... 4. 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... 5. 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. Capital formation C. Intermediate consumptionD. Consumption over a long period of time Loading... 6. Who among the following is a non-resident of India?A. An Indian tourist in EuropeB. A person of Indian origin employed in the UNO office at New Delhi C. 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... 7. Corporate enterprises refer to?A. Business houses that obtain loans from the public B. Business houses that are independent of their ownersC. Business houses maintaining a separate profit and loss account D. Business houses that obtain loans from a bank Loading... 8. The traditional economy is characterised by?A. Division of labour and specialisation B. Increasing state interventionC. Organisation of production for self-consumption D. Capital-intensive process of production Loading... 9. Which of the following is closest to the concept of economic production?A. Addition to the stock of goods and services for future useB. Addition to the value of commodities C. Sale of goods and services for profit D. Manufacture of goods Loading... 10. Which of the following is an economic activity?A. Listening to music on the radioB. Teaching one's own child at home C. Medical facilities rendered by a charitable dispensaryD. A housewife doing household duties Loading... Loading... Related NTS Results Post:Equilibrium of National income Test 01 Preparation OnlineInternational & National Tarde Test 03 Mcqs…International & National Tarde Test 04 Mcqs…International & National Tarde Test 02 Mcqs…International & National Tarde Test 01 Mcqs…International & National Tarde Test 06 Mcqs…International & National Tarde Test 05 Mcqs…Biology Mcqs Test 14 Online Preparation
