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English
Economics
History & Civics
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Question-1
National income is a ____________.
(A)
National expression
(B)
Qualitative expression
(C)
Psychological expression
(D)
None of these
Question-2
Rest of the world is known as ____________.
(A)
Household sector
(B)
firms sector
(C)
foreign sector
(D)
Government sector
Question-3
Fertilizer and food subsidies are examples of ___________.
(A)
Public revenue
(B)
public taxes
(C)
transfer payments
(D)
None of these
Question-4
Four sector model includes ___________.
(A)
households, business and foreign sector
(B)
business, household, government and foreign sectors
(C)
households and business firms
(D)
households, business firms and government
Question-5
________ is the value of all final goods and services produced by the normal residents of a country.
(A)
national income
(B)
National product
(C)
per capital income
(D)
None of these
Question-6
Circular flow explains how the _______ interrelated.
(A)
Household sector
(B)
Business sector
(C)
Government sector
(D)
different sectors of the economy
Question-7
"National Income is the sum total of personal incomes". Do yo agree with this statement ?
(A)
Totally agree
(B)
partially agree
(C)
do not agree
(D)
further data is required
Question-8
Flow of factor services happens from __________.
(A)
Distributors of factors of production
(B)
owners of factors of production
(C)
creaters of factors of production
(D)
none of these
Question-9
The part of income whcih is not spent by households on consumer goods is known as ________.
(A)
Investment
(B)
injection
(C)
savings
(D)
none of these
Question-10
Flow of factor services and flow of goods and services are known as __________.
(A)
Real flow
(B)
money flows
(C)
capital flows
(D)
Transaction flows
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Plus 2 Humanities
ICSE/ISC
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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