National Income Accounting Test 7 Mcqs Preparation Online

1. Which of the following is an example of transfer payment by the Government?

A. National debt interest

B. Bonus paid to railway employees

C. Free housing accommodation to the government employees

D. Free housing accommodation to the President of India

2. Net borrowings from abroad are a part of?

A. Gross domestic product

B. Gross investment

C. Net national product

D. Capital transfers

3. Aggregate gross receipts means?

A. Receipts from the rest of the world

B. Receipts of the corporate sector

C. Receipts of the Government

D. Turnover value of output

4. The value added method of measuring national income is also known as?

A. Production method

B. All of the above

C. Industry of origin method

D. Net output method

5. The difference between net national product at market prices and net domestic product at market prices is equal to?

A. Net factor income from abroad

B. Net current transfers from abroad

C. Value of exports minus value of imports

D. Value of exports

6. Which of the following accounts for the difference between net domestic product at market prices and national income?

A. Net factor income from abroad

B. National debt interest

C. Net factor income from abroad minus indirect taxes

D. Net factor income from abroad minus current transfers

7. The term national income commonly refers to?

A. NNP at market prices

B. NNP at factor cost

C. GNP at factor cost

D. GNP at market prices

8. Transfer receipts of the Government include?

A. Sale of second hand cars by government departments

B. Imputed rent of government buildings

C. Dividends received from public enterprises

D. Direct and indirect taxes

9. Which of the following has to be deducted from the value of output to arrive at the net value added by a producing enterprise?

A. All of the above

B. Consumption of fixed capital

C. Value of intermediate consumption

D. Net indirect taxes

10. Which one is an example of capital transfer within a country?

A. Old age pensions

B. Interest paid by consumer households on consumer loans

C. Compensation to residents whose houses have been damaged by floods

D. Gifts to sick and poor on festivals

National Income Accounting Test 7 Mcqs Preparation Online

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