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Question-1
_________ defined as the all payments made by the producers to their employees in the form of wages and salaries and other payments made in cash or kind in return to labour services.
(A)
profits
(B)
compensation to employees
(C)
compensation to employers
(D)
dividends
Question-2
_________ is the sum total of earnings received by various factors of production in terms of wages,interest ,rent,profit etc. by normal residents of a country in a year .
(A)
GNP
mp
(B)
GNP
fc
(C)
NNP
mp
(D)
NDP
mp
Question-3
________ could be defined as the factor income accruing to the normal residents of a country during a year
(A)
GNP
mp
(B)
NDP
fc
(C)
NNP
mp
(D)
NNP
fc
Question-4
_________ is the market value of all final goods and services at prices prevailing in the market produced in the domestic territory of a country during a given year after making allowances for depreciation.
(A)
GNP
mp
(B)
NDP
fc
(C)
GNP
pm
(D)
NDP
mp
Question-5
The difference between gross and net is ________
(A)
depreciation
(B)
depression
(C)
inflation
(D)
deflation
Question-6
If the net ? factor income from abroad is lower ,_________ would be higher than ______
(A)
GDP
mp
> GNP
mp
(B)
GDP
mp
< GNP
mp
(C)
GDP
mp
= GNP
mp
(D)
none of these
Question-7
GDP
fc
- depreciation = ___________
(A)
GNP
mp
(B)
NDPfc
(C)
Deprecition
(D)
GNP
fc
Question-8
NNP
mp
= GNP
mp
- _______
(A)
GNP
mp
(B)
NDP
fc
(C)
net indirect taxes
(D)
depreciation
Question-9
The national output of a nation is known as ______
(A)
National income
(B)
national disposable income
(C)
per -capita income
(D)
national corporate income
Question-10
Transfer payments are classified into _________
(A)
current transfers only
(B)
capital transfers only
(C)
a or b
(D)
a and b
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
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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
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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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