National Income Test 6 Online Mcqs Preparation Malik Asghar — April 23, 2018 in Economics • add comment National Income Test 6 Online Mcqs Preparation 1. This is NOT a method of measure national income:A. By adding money value of all productionB. By adding all incomesC. By adding all expenditureD. By adding all money supply in the country Loading... 2. In calculating national income which one will not be included:A. Undistributed by firmsB. ExportsC. Old age pensionsD. Wages of a lecturer Loading... 3. A country is poor if it has:A. Less amount of foreign currencyB. Less production of goods per capita C. Less exportsD. Less amount of gold Loading... 4. It is considered as investment in national accounting:A. Purchase of a running hotelB. Increase in salaries of professorsC. Purchase of a new shirt D. Construction of a house Loading... 5. It is transfer payment:A. SalaryB. Bus fareC. College feeD. Pension Loading... 6. They have a functional relation ?A. Consumption and savingB. All of the aboveC. Consumption and national incomeD. Consumption and investment Loading... 7. A country is poor if it has:A. Less amount of gold B. Less amount of local currencyC. Less amount of foreign currencyD. Less GNP per capita Loading... 8. It is considered as transfer payment:A. Salary of an employeeB. Unemployment allowance paid by govtC. Payment of house rentD. Bonus paid to bank employees Loading... 9. Gross national product includes:A. A loan from one's parentsB. A loan from a domestic bankC. A loan from, other countriesD. None of the above Loading... 10. In circular flow model ?A. Financial markets ensure that the federal govt.'s budget is balanced annuallyB. Households own the resourcesC. There are never international transactionsD. Household income is limited to wages and salaries Loading... Loading...
