Smartindia Classroom
CONTENTS
English
Economics
History & Civics
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Question-1
An economy with no trade links is known as ___________ economy.
(A)
Open economy
(B)
Simple economy
(C)
closed economy
(D)
utopian economy
Question-2
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-3
The flow of income from government to households is known as ___________.
(A)
Taxation
(B)
government expenditure
(C)
fines
(D)
none of these
Question-4
The amount of money which is withdrawn from the circular flow of income is known as __________.
(A)
investment
(B)
injection
(C)
savings
(D)
leakage
Question-5
National income is __________.
(A)
Macro economic variable
(B)
Index of development
(C)
Index of economic growth
(D)
All of these
Question-6
Intermediate goods are __________ national income
(A)
Included
(B)
Not included
(C)
after processing it would consider
(D)
none of these
Question-7
Bonds and shares are ________ for goods and services.
(A)
Payments
(B)
not treated as payments
(C)
directly treated as goods
(D)
none of these
Question-8
__________ affects the level of circular flow of income.
(A)
only inflow of income
(B)
only out flow of income
(C)
inflow and outflow of income
(D)
none of these
Question-9
The government spends the income collected through public revenue for __________.
(A)
Administration
(B)
maintenance of law and order
(C)
developmental activities
(D)
all of these
Question-10
In a closed economic model there is no ______________.
(A)
Households
(B)
firms
(C)
foreign trade
(D)
Government
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Plus 2 Humanities
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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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