Economics National Income Test 1 Online Mcqs Preparation National Income Test 1 Online Mcqs Preparation 1. To determine the correct level of GNP, it is necessary to:A. Add up the value of semi finished goodsB. Count all importsC. Add up all savingsD. Add up the values of goods and services during one year Loading... 2. It is considered as transfer payments:A. Bonus of bank employeesB. Free medical care to officersC. Unemployment allowance paid by govtD. Salaries of employees Loading... 3. Transfer payments are not included in national income because:A. Double counting would resultB. Such payments are made to persons living abroadC. There is no method to account for theseD. They are illegal Loading... 4. Real national income increases when:A. Quantity of goods and services increasesB. Prices of goods are rising C. None of the aboveD. National savings increase Loading... 5. If indirect taxes are deducted from NNP and subsidies are added, we achieve:A. Per capita incomeB. DPIC. NID. Personal savings Loading... 6. It is considered as investment:A. Both (a) & (b)B. Purchase of an old houseC. Salaries of college professorsD. Construction of a house Loading... 7. Per capita income is:A. Income per headB. Income per industrial unitC. Income per household D. Income per worker Loading... 8. NI = NE is an:A. FunctionB. IdentityC. None of theseD. Equation Loading... 9. GNP is always:A. Less than NNP B. Greater than NNPC. Any of (a), (b), (c)D. Equal to NNP Loading... 10. The four factor payments are:A. Wages, interest, salaries and incomeB. Wages, rent, interest and profitsC. Money, capital, salaries, and income D. Money, power, prices, and wealth Loading... Loading... Related PostsNational Income Test 5 Online Mcqs PreparationNational Income Test 2 Online Mcqs PreparationNational Income Test 3 Online Mcqs PreparationNational Income Test 4 Online Mcqs PreparationNational Income Test 6 Online Mcqs PreparationNational Income Test 7 Online Mcqs Preparation Continue Reading Previous Market Equilibrium Test 1 Mcqs Online PreparationNext National Income Test 2 Online Mcqs Preparation Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ