National Income Test 1 Online Mcqs Preparation Leave a Comment / Economics / By Malik Asghar National Income Test 1 Online Mcqs Preparation 1. GNP is always:A. Greater than NNPB. Any of (a), (b), (c)C. Equal to NNPD. Less than NNP Loading... 2. Real national income increases when:A. National savings increaseB. None of the aboveC. Quantity of goods and services increasesD. Prices of goods are rising Loading... 3. Transfer payments are not included in national income because:A. Such payments are made to persons living abroadB. There is no method to account for theseC. Double counting would resultD. They are illegal Loading... 4. Per capita income is:A. Income per headB. Income per industrial unitC. Income per household D. Income per worker Loading... 5. It is considered as transfer payments:A. Free medical care to officersB. Salaries of employees C. Bonus of bank employeesD. Unemployment allowance paid by govt Loading... 6. It is considered as investment:A. Purchase of an old houseB. Salaries of college professorsC. Both (a) & (b)D. Construction of a house Loading... 7. 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... 8. To determine the correct level of GNP, it is necessary to:A. Add up all savingsB. Count all importsC. Add up the value of semi finished goodsD. Add up the values of goods and services during one year Loading... 9. If indirect taxes are deducted from NNP and subsidies are added, we achieve:A. DPIB. NIC. Per capita incomeD. Personal savings Loading... 10. NI = NE is an:A. FunctionB. IdentityC. Equation D. None of these Loading... Loading... Related NTS Results Post:Biology Mcqs Test 12 Online PreparationBiology Mcqs Test 06 Online PreparationChemistry MCQs Test 06 Online PreparationChemistry MCQs Test 05 Online PreparationBiology Mcqs Test 07 Online PreparationIslamiat Mcqs Test 03 Online PreparationBiology Mcqs Test 14 Online PreparationBiology Mcqs Test 10 Online Preparation