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English
Economics
History & Civics
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Question-1
____________ shows the interaction of the different sectors of the economy.
(A)
Two sector model
(B)
Three sector model
(C)
Circular flow of income
(D)
Paradox of thrift
Question-2
Savings are used to undertake __________.
(A)
Consumption
(B)
spending
(C)
Investments
(D)
all of these
Question-3
There is an income flow from government to households and firms in the form of ______.
(A)
Public revenue
(B)
Public expenditure
(C)
public taxes
(D)
none of these
Question-4
National income composition in an economy suggests that :
(A)
Share of external sector
(B)
share of external sector
(C)
Share of primary, Secondary and territory sectors
(D)
None of these
Question-5
The flow of good and services happens between __________.
(A)
Household
(B)
producers
(C)
individuals
(D)
all of these
Question-6
The money value of final goods and services produced by the production units located within the country is known as _________.
(A)
National product
(B)
domestic product
(C)
international product
(D)
None of these
Question-7
National income excludes _____________.
(A)
Sale and purchase of used goods
(B)
sale and purchase of second-hand goods
(C)
transfer payments
(D)
All of these
Question-8
_______ is an intermediate goods.
(A)
fridge
(B)
Washing machine
(C)
TV
(D)
Crop
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
National income is not dealing with _________.
(A)
Macro economic variable
(B)
economics of scale
(C)
Index of economic growth
(D)
None of these
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Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
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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