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Economics
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Question-1
The difference between the factor incomes received by from rest of the world and the factor incomes accruing to rest of the world is known as ___________
(A)
factor incomes from abroad
(B)
factor incomes from domestic country
(C)
net factor income from abroad
(D)
all of these
Question-2
________ is the measure of national income which is available for consumption and investment in the economy
(A)
GNP
mp
(B)
NDP
mp
(C)
deprecition
(D)
NDP
fc
Question-3
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-4
___ is the value of final goods and services at prevailing in the market produced in the domestic territory of a country during a given year.
(A)
GDP
mp
(B)
GDP
fc
(C)
GDP
pm
(D)
GDP
cf
Question-5
NNP
mp
= GNP
mp
- _______
(A)
GNP
mp
(B)
NDP
fc
(C)
net indirect taxes
(D)
depreciation
Question-6
The consumption of fixed capital in the production process is known as ________
(A)
depression
(B)
depreciation
(C)
inflation
(D)
deflation
Question-7
The basic difference between GDP
mp
and GNP
mp
is _________
(A)
GNP is wider than GDP
(B)
GDP
mp
includes entire production within the country
(C)
GNP
mp
includes the net factor income from abroad
(D)
all of these
Question-8
Net investment would be equal to _________
(A)
gross investment + depreciation
(B)
gross investment X depreciation
(C)
gross investment - depreciation
(D)
none of these
Question-9
The difference between gross and net is ________
(A)
depreciation
(B)
depression
(C)
inflation
(D)
deflation
Question-10
The base year prices are chosen on the basis of prices of _________ year
(A)
Normal
(B)
proceeding
(C)
succeeding
(D)
current
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
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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
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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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