Economics National Income Test 1 Online Mcqs Preparation 0 National Income Test 1 Online Mcqs Preparation 1. NI = NE is an:A. IdentityB. Equation C. None of theseD. Function Loading... 2. GNP is always:A. Equal to NNPB. Less than NNP C. Greater than NNPD. Any of (a), (b), (c) Loading... 3. It is considered as investment:A. Both (a) & (b)B. Salaries of college professorsC. Construction of a houseD. Purchase of an old house Loading... 4. To determine the correct level of GNP, it is necessary to:A. Count all importsB. Add up the value of semi finished goodsC. Add up the values of goods and services during one year D. Add up all savings Loading... 5. Real national income increases when:A. Prices of goods are rising B. National savings increaseC. None of the aboveD. Quantity of goods and services increases Loading... 6. Transfer payments are not included in national income because:A. Such payments are made to persons living abroadB. They are illegalC. Double counting would resultD. There is no method to account for these Loading... 7. If indirect taxes are deducted from NNP and subsidies are added, we achieve:A. NIB. DPIC. Per capita incomeD. Personal savings Loading... 8. The four factor payments are:A. Wages, interest, salaries and incomeB. Wages, rent, interest and profitsC. Money, power, prices, and wealthD. Money, capital, salaries, and income Loading... 9. Per capita income is:A. Income per household B. Income per workerC. Income per industrial unitD. Income per head Loading... 10. It is considered as transfer payments:A. Salaries of employees B. Bonus of bank employeesC. Free medical care to officersD. Unemployment allowance paid by govt Loading... Loading... Related PostsNational Income Test 2 Online Mcqs PreparationNational Income Test 3 Online Mcqs PreparationNational Income Test 4 Online Mcqs PreparationNational Income Test 5 Online Mcqs PreparationNational Income Test 6 Online Mcqs PreparationNational Income Test 7 Online Mcqs PreparationNational Income Accounting Test 1 Mcqs Preparation OnlineNational Income Accounting Test 2 Mcqs Preparation OnlineNational Income Accounting Test 3 Mcqs Preparation OnlineNational Income Accounting Test 4 Mcqs Preparation Online Continue Reading Previous Market Equilibrium Test 1 Mcqs Online PreparationNext National Income Test 2 Online Mcqs Preparation More Stories Economics Economics Quiz 04 Preparation Online 0 Economics Economics Quiz 03 Preparation Online 0 Economics Economics Quiz 02 Preparation Online 0 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ
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