Smartindia Classroom
CONTENTS
Geography
Economics
Political Science
History
Statistics
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Question-1
The special feature of GDP includes
(A)
The value of new goods
(B)
The value of record hand goods
(C)
Demand of goods
(D)
Supply of goods
Question-2
Transfer payments are
(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-3
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-4
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-5
The special feature of GDP includes
(A)
The value of new goods
(B)
The value of record hand goods
(C)
Demand of goods
(D)
Supply of goods
Question-6
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-7
Value added is
(A)
The final cost of producing a good
(B)
The difference between a firm's sales and its purchases of inputs to the production process
(C)
The final value of the good
(D)
All the above
Question-8
In order to avoid ____, when calculating GDP, one should include only the final goods and exclude the intermediate goods that are used in the production.
(A)
Inflation
(B)
Status beat bias
(C)
Double counting
(D)
Value added
Question-9
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-10
The growth of an economy is indicated by an
(A)
Increase in general prices
(B)
Increase in national income
(C)
Increase in savings
(D)
Increase in investment
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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
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