National Income Test 6 Online Mcqs Preparation

1. Gross national product includes:

A. A loan from one's parents

B. A loan from a domestic bank

C. A loan from, other countries

D. None of the above

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

A. By adding money value of all production

B. By adding all expenditure

C. By adding all incomes

D. By adding all money supply in the country

3. They have a functional relation ?

A. Consumption and investment

B. Consumption and national income

C. All of the above

D. Consumption and saving

4. It is considered as investment in national accounting:

A. Construction of a house

B. Purchase of a new shirt

C. Purchase of a running hotel

D. Increase in salaries of professors

5. It is considered as transfer payment:

A. Salary of an employee

B. Bonus paid to bank employees

C. Payment of house rent

D. Unemployment allowance paid by govt

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

A. Undistributed by firms

B. Old age pensions

C. Wages of a lecturer

D. Exports

7. A country is poor if it has:

A. Less amount of gold

B. Less GNP per capita

C. Less amount of foreign currency

D. Less amount of local currency

8. It is transfer payment:

A. College fee

B. Pension

C. Bus fare

D. Salary

9. In circular flow model ?

A. Households own the resources

B. There are never international transactions

C. Household income is limited to wages and salaries

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

10. A country is poor if it has:

A. Less exports

B. Less amount of foreign currency

C. Less amount of gold

D. Less production of goods per capita

National Income Test 6 Online Mcqs Preparation

National Income Test 6 Online Mcqs Preparation

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National Income Test 6 Online Mcqs Preparation

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