National Income Test 3 Online Mcqs Preparation

1. Direct taxes are not included in:

A. NNP

B. All of above

C. PI

D. DPI

2. Select the correct statements:

A. Depreciation allowance is a part of GNP

B. Taxes are not included in NNP

C. GDP means Gross Direct Production

D. Transfer payments are included in national income

3. If we compare GDP and GNP, then:

A. GNP = NNP - net income from abroad

B. GNP = GDP - net income from abroad

C. GNP = GDP + net income from abroad

D. GNP = NNP + net income from abroad

4. Which is the largest figure:

A. GNP

B. PI

C. DPI

D. NNP

5. When National income is estimated by expenditure method, we include:

A. All households expenditure

B. All of the above

C. All govt. expenditure

D. All expenditure of the business sector

6. There are methods of measuring national income:

A. 5

B. 2

C. 3

D. 1

7. It is deducted from GNP to get NNP:

A. Indirect taxes

B. Depreciation

C. Transfer payments

D. Direct taxes

8. Which is a flow concept:

A. Number of my shirts

B. Money supply

C. My total wealth

D. My monthly income

9. Which statement is true ?

A. NI = GNP - NNP

B. NI = NNP - indirect taxes

C. National Income = National Expenditure - indirect taxes

D. NI = PI

10. Which statement is true ?

A. National Expenditure = National income

B. National Expenditure = National income + National Taxes

C. National Expenditure = National income + National production

D. National Expenditure = National income - Taxes

National Income Test 3 Online Mcqs Preparation

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