National Income Accounting Test 2 Mcqs Preparation Online

1. Which of the following is a departmental enterprise of the Government of India?

A. Reserve Bank of India

B. Indian Railways

C. Indian Oil Corporation

D. Food Corporation of India

2. In which of the following sectors does production for self-consumption generally take place?

A. Non-departmental public enterprises

B. Government administrative enterprises

C. House-holds

D. Private corporate sector

3. Collective wants include?

A. Goods like refrigerators shared by members of a family

B. Defence of a country

C. Newspapers

D. Sum total of all goods and services wanted by individuals

4. Which of the following are durable use producer-goods?

A. Fodder for cattle

B. Tractors

C. Diesel oil

D. Fertilisers

5. Expenditure on the purchase of new replacement parts of machinery installed by a firm is part of?

A. Consumption of capital

B. Final consumption

C. Intermediate consumption

D. Fixed capital formation

6. Demand for intermediate consumption arises in?

A. Government enterprises only

B. All producing sectors of the economy

C. Corporate enterprises only

D. Consumer households

7. Which of the following is not a corporate enterprise?

A. Municipal Corporation of Delhi

B. Life Insurance Corporation of India

C. Food Corporation of India

D. Tata Iron and Steel Company

8. Which of the following is an expenditure on intermediate consumption?

A. All of the above

B. Purchase of coal by a household

C. Purchase of coal by a steel factory

D. Purchase of coal by a dealer in coal

9. Subsistence production refers to?

A. Production of necessities of life

B. Exports equaling imports

C. Production for self-consumption only

D. Low levels of production

10. Departmental enterprises are a part of the?

A. Non-profit public institutions

B. Corporate sector

C. Non-profit institutions serving households

D. General government

National Income Accounting Test 2 Mcqs Preparation Online

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