National Income Accounting Test 8 Mcqs Preparation Online

1. Which of the following is not an example of capital transfers between countries?

A. Economic aid

B. Grants from other governments

C. War damages

D. Gifts for cyclone victims

2. Which of the following is incorrect?

A. None of the above

B. GNP at market prices = GDP at market prices plus net factor income from abroad

C. NNP at factor cost = NNP at market prices minus net indirect H taxes

D. GDP at market prices = NNP at factor cost plus net indirect taxes

3. Which of the following includes interest on national debt?

A. Gross national product

B. National income

C. Net national product

D. Personal income

4. Unilateral payments are known as?

A. Transfer payments

B. Factor payments

C. Payments for productive services rendered by others

D. Factor income

5. Identify the correct statement?

A. Lottery income received by a household is factor income

B. Royalties are a part of compensation to employees

C. Personal disposable income excludes direct taxes paid by households

D. Capital transfers are paid from current income

6. Net retained earnings abroad means?

A. Net undistributed profits of resident and non-resident companies

B. Foreign exchange reserves

C. Income retained by a resident working abroad

D. Profits of resident companies abroad

7. The first estimate of national income in India was made by Dadabhai Naoroji for the year?

A. 1881-82

B. 1857-58

C. 1890-91

D. 1867-68

8. Which of the following is not a government transfer payment to households?

A. Scholarship

B. Subsidy

C. Family pension

D. Unemployment allowance

9. Interest on public debt is a part of?

A. Transfer payments by enterprises

B. Transfer payments by the government

C. Interest payments by households

D. Domestic income

10. Income from property is a part of?

A. None of these

B. Mixed income of the self-employed

C. Compensation of employees

D. Operating surplus

National Income Accounting Test 8 Mcqs Preparation Online

Leave a Reply Cancel reply