National Income Test 2 Online Mcqs Preparation

1. If government increases taxes, private savings:

A. Will become zero

B. Do not change

C. Decrease

D. Increase

2. We measure national income by this method:

A. Expenditure method

B. All of the above

C. Income method

D. Product method

3. Transfer payments means:

A. The payment without work

B. Bank loans

C. Payment made to all factors of production

D. Tax payments

4. It is transfer payment:

A. Payment of college tuition

B. Payment for a leased car

C. Interest paid for a bank loan

D. A social security payment

5. The largest part of national income is:

A. Investment

B. Saving

C. Consumption

D. Transfer payments

6. It is counted in GDP:

A. Sale price of an old car

B. A TV set produced this year but not sold

C. The leisure people consume

D. Purchase of 100 shares of PSO

7. If C=200 and I = 40 then Y will equal to:

A. 240

B. 160

C. 200

D. None of the above

8. Which statement is true ?

A. NNP = NI

B. NNP = GNP - Depreciation

C. None of these

D. NNP = DPI

9. Corporate tax is levied on:

A. Municipal corporations

B. Importers

C. Landlords

D. Big companies

10. If we deduct direct tax from personal income, we get:

A. Net national income

B. Personal saving

C. Per capita income

D. Disposable income

National Income Test 2 Online Mcqs Preparation

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