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Question-1
To get GNP
mp
from GDP
mp
we should ________
(A)
add GDP
mp
and net - factor income from abroad
(B)
deduct GDP
mp
and net - factor income from abroad
(C)
multiply GDP
mp
and net - factor income from abroad
(D)
none of these
Question-2
The base year prices are chosen on the basis of prices of _________ year
(A)
Normal
(B)
proceeding
(C)
succeeding
(D)
current
Question-3
National product at factor cost would be equal to _______
(A)
National product at market prices-indirect taxes
(B)
National product at market prices + indirect taxes
(C)
National product at market prices X indirect taxes
(D)
none of these
Question-4
National product is the sum of net factor incomes from abroad plus _______
(A)
domestic product
(B)
national product
(C)
international product
(D)
none of these
Question-5
The payments made for the factors for their contribution to the production process are known as ________
(A)
market prices
(B)
factors of production
(C)
factor payments
(D)
none of these
Question-6
If the net current transfers are negative ,the disposable income would be ________
(A)
smaller
(B)
higher
(C)
very high
(D)
none of these
Question-7
Net domestic product would be equal to
(A)
gross domestic product X depreciation
(B)
gross domestic product - depreciation
(C)
gross domestic product + depreciation
(D)
none of these
Question-8
Net ? factor income could be positive when
(A)
country receives huge foreign earnings
(B)
country spends huge foreign earnings
(C)
country receives huge foreign earnings and sends less of its currency
(D)
none of these
Question-9
Net investment is also known as _________
(A)
capital depreciation
(B)
capital formation
(C)
capital depletion
(D)
none of these
Question-10
_______ is the sum total of national income at market prices and current transfers received from rest of the world
(A)
GNP
mp
(B)
NDP
fc
(C)
national disposable income
(D)
national income at factor cost
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
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Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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