National Income Test 6 Online Mcqs Preparation

1. They have a functional relation ?

A. Consumption and saving

B. Consumption and national income

C. Consumption and investment

D. All of the above

2. In calculating national income which one will not be included:

A. Exports

B. Old age pensions

C. Undistributed by firms

D. Wages of a lecturer

3. In circular flow model ?

A. There are never international transactions

B. Financial markets ensure that the federal govt.'s budget is balanced annually

C. Households own the resources

D. Household income is limited to wages and salaries

4. It is considered as transfer payment:

A. Bonus paid to bank employees

B. Unemployment allowance paid by govt

C. Payment of house rent

D. Salary of an employee

5. A country is poor if it has:

A. Less exports

B. Less amount of gold

C. Less amount of foreign currency

D. Less production of goods per capita

6. This is NOT a method of measure national income:

A. By adding all expenditure

B. By adding all incomes

C. By adding money value of all production

D. By adding all money supply in the country

7. A country is poor if it has:

A. Less amount of local currency

B. Less amount of foreign currency

C. Less GNP per capita

D. Less amount of gold

8. It is considered as investment in national accounting:

A. Increase in salaries of professors

B. Construction of a house

C. Purchase of a new shirt

D. Purchase of a running hotel

9. Gross national product includes:

A. A loan from, other countries

B. A loan from a domestic bank

C. A loan from one's parents

D. None of the above

10. It is transfer payment:

A. Pension

B. College fee

C. Bus fare

D. Salary

National Income Test 6 Online Mcqs Preparation

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