National Income Accounting Test 5 Mcqs Preparation Online

1. The national income accojnts, direct personal taxes are recorded as?

A. Disbursements of the government sector

B. Receipts of the government sector and payments of the corporate sector

C. Receipts of the government sector and payments of the household sector

D. Transfer from the household sector to the government sector

2. If during a year the national income at constant prices goes up by 5%, while prices also rise by 5% and population registers a growth of 2%; then the real per capita income will?

A. Rise by 2%

B. Remain constant

C. Decrease by 3%

D. Increase by 3%

3. Which of the following is an example of factor-income from abroad?

A. Money sent by an engineer employed in London to his family in Delhi

B. Profits earned by a branch of the State Bank of India in London

C. Interest earned by a non-resident Indian on his bank account in India

D. Export of handicrafts from India to the UK

4. Which of the following is not a part of the compensation of employees?

A. Payments made to visiting foreign consultant

B. Leave travel allowance

C. Employer's contribution to provident fund

D. Pensions to retired employees

5. For which of the following sectors is the income method used for estimation of national income of Pakistan?

A. Agriculture and allied activities

B. Pushing

C. Forestry

D. Banking and insurance

6. Identify the sector in respect of which the expenditure method is used for estimating national income in India?

A. Public administration and defence

B. Construction

C. Real estate, ownership of dwellings and business services

D. Registered manufacturing

7. Transfer payments refer to payments which are made?

A. To workers on transfer from one job to another

B. As compensation of employees

C. None of the above

D. Without any exchange of goods and services

8. National income estimates of India are published both at current and constant prices. What is the base year for constant price estimates published at present?

A. 1970-71

B. 1980-81

C. 1985-86

D. 1960-61

9. Identify the item, which is not a factor payment?

A. Scholarships given to scheduled caste students

B. Free uniforms to defence personnel

C. Imputed rent of an owner-occupied building

D. Salaries and allowance to the members of Parliament

10. Personal disposable income is?

A. Equal to personal income minus direct taxes paid by household

B. Always more than personal income

C. Always equal to personal income

D. Equal to personal income minus indirect taxes

National Income Accounting Test 5 Mcqs Preparation Online

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