Tamil Nadu (English Medium) Plus 1 Humanities Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 Which of the following is an index of the volume or quantity of goods and services provided?

(A) GDP deflator	(B)Real GDP
(C)CPI	(D)PPI

Question-2 Which of the following is GDP at current prices?

(A) Nominal GDP	(B)Real GDP
(C)Inflationary GDP	(D)Value added GDP

Question-3 The total money value of final goods and services produced in the country excluding depreciation is called

(A) NDP	(B)GDP
(C)NNP	(D)GNP

Question-4 Gross National Product equals:

(A) Net National Product adjusted for inflation	(B)Gross Domestic Product adjusted for inflation
(C)Gross Domestic Product plus net property income from abroad	(D)Net National Product plus net property income from abroad

Question-5 GDP includes

(A) Real capital	(B)Financial capital
(C)Money capital	(D)All the above

Question-6 Depreciation measures

(A) The total number of inputs used in production	(B)The amount of capital that has been used in a year
(C)Government payments to individuals that are not made in exchange for goods or services supplied	(D)All of the above

Question-7 Which of the following is the term used to describe an addition to a nations capital stock?

(A) Inflation	(B)Real GDP
(C)Nominal GDP	(D)Investment

Question-8 National Income is

(A) Net National Product – Indirect Taxes + Subsidies	(B)Gross National Product Direct Taxes
(C)Gross Domestic Product Imports	(D)Net Domestic Product + Products

Question-9 Which of the following is a way to calculate GDP?

(A) Sum the annual flow of final goods and services	(B)Sum all the costs of producing society's final products
(C)Both a and b	(D)Neither a nor b

Question-10 Subtracting depreciation from GDP yields

(A) Real GDP	(B)The GDP deflator
(C)Net domestic product	(D)Gross national product

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Plus 1 Humanities

Tamil Nadu (English Medium)

Practice in Related Chapters
Economic Growth and Development
Population
Poverty and Unemployment
Economic Planning
Banking
Agriculture
Measures of Variability
Statistical Analysis and Measures of Central Pendency
Human Resource Development
Foreign Trade
Industrial Sector
National Income