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Economics
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Question-1
A part of the income of the firms is used to pay corporate tax on the profits earned is known as _______
(A)
corporate income
(B)
undistributed profits
(C)
corporate profit tax
(D)
none of these
Question-2
If the net current transfers are negative ,the disposable income would be ________
(A)
smaller
(B)
higher
(C)
very high
(D)
none of these
Question-3
Net ? factor income could be Zero when _________
(A)
country receives huge foreign earnings
(B)
country spends huge foreign earnings
(C)
sending and receiving equalizes
(D)
none of these
Question-4
Personal income is applicable to ___________
(A)
only households
(B)
only persons
(C)
household and persons
(D)
none of these
Question-5
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-6
________ is the aggregate market value of all final goods and services produced by normal residents of a country during a given year.
(A)
GNP
mp
(B)
GNP
fc
(C)
GNP
pm
(D)
GNP
cf
Question-7
NNP
mp
= GNP
mp
- _______
(A)
GNP
mp
(B)
NDP
fc
(C)
net indirect taxes
(D)
depreciation
Question-8
Net ? factor income could be negative when _________
(A)
country receives huge foreign earnings
(B)
country spends huge foreign earnings
(C)
country receives less foreign earnings and sends its huge currency
(D)
none of these
Question-9
National income estimates are available in ______ series
(A)
current prices
(B)
constant prices
(C)
current and constant prices
(D)
deflator prices
Question-10
_______ at factor cost is the estimate of the domestic product in terms of earnings of factors of production within the domestic territory of a country in a year.
(A)
GNP
mp
(B)
NDP
fc
(C)
NNP
mp
(D)
NDP
mp
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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
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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