National Income Accounting Test 1 Mcqs Preparation Online Leave a Comment / Economics / By Malik Asghar National Income Accounting Test 1 Mcqs Preparation Online 1. Corporate enterprises refer to?A. Business houses that are independent of their ownersB. Business houses that obtain loans from a bank C. Business houses that obtain loans from the public D. Business houses maintaining a separate profit and loss account Loading... 2. Which of the following is closest to the concept of economic production?A. Addition to the value of commodities B. Manufacture of goods C. Addition to the stock of goods and services for future useD. Sale of goods and services for profit Loading... 3. A closed economy is one which?A. Does not have a coastal line B. Is not a member of the United Nations OrganisationC. Does not possess any means of international transport D. Does not trade with other countries Loading... 4. Which of the following is an economic flow?A. Current account of a household in a bank B. Population of a countryC. Demand for machineryD. National capital Loading... 5. 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... 6. Who among the following is a non-resident of India?A. An Indian tourist in EuropeB. The Indian manager of the Punjab National Bank branch office in London C. A person of Indian origin employed in the UNO office at New Delhi D. A person of Indian origin working at the World Bank, Washington, DC Loading... 7. 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... 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. 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... 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:Biology Mcqs Test 10 Online PreparationBiology Mcqs Test 12 Online PreparationBiology Mcqs Test 07 Online PreparationBiology Mcqs Test 06 Online PreparationBiology Mcqs Test 08 Online PreparationBiology Mcqs Test 13 Online PreparationBiology Mcqs Test 09 Online PreparationBiology Mcqs Test 11 Online Preparation
