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Economics
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Question-1
Transfer payments are classified into _________
(A)
current transfers only
(B)
capital transfers only
(C)
a or b
(D)
a and b
Question-2
The amount of final goods and services produced by the normal residents of a country is known as _________
(A)
National income
(B)
national disposable income
(C)
per-capita income
(D)
national corporate income
Question-3
________ shows the market value of all final goods and services produced by normal residents of a country during a year after making allowances for depreciation .
(A)
GNP
mp
(B)
NDP
fc
(C)
NNP
mp
(D)
NDP
mp
Question-4
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-5
GNP
fc
= GNP
mp
-____________
(A)
GNP
mp
(B)
NDP
fc
(C)
net indirect taxes
(D)
depreciation
Question-6
_______ 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
Question-7
The composite of labour income and property income is known as _________
(A)
profits
(B)
mixed income
(C)
operating surplus
(D)
dividends
Question-8
NNP
fc
= GNP
fc
- __________
(A)
GNP
mp
(B)
NDP
fc
(C)
net indirect taxes
(D)
depreciation
Question-9
Market value of a good is computed by _________
(A)
market prices + no of quantities
(B)
market prices X no of quantities
(C)
market prices / no of quantities
(D)
none of these
Question-10
________ 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
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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
Balance of Payments
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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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