Top 150+ Solved Basics of Economics MCQ Questions Answer
Q. NNP is equal to:
a. gnp plus depreciation
b. gnp minus depreciation
c. gnp minus exports
d. gnp plus exports
Q. Which of the following is not a method of national income estimation?
a. matrix method
b. income method
c. expenditure method
d. product method
Q. An accounting year in India is:
a. calendar year
b. academic year
c. fiscal year
d. none of these
Q. Increase in real National Income (NI) means increase in:
a. ni at current prices
b. ni at constant prices
c. both
d. none of these
Q. Net indirect taxes means:
a. indirect taxes plus subsidies
b. income minus taxes
c. indirect taxes minus subsidies
d. exports minus imports
Q. Net factor income from abroad shows the difference between:
a. gdp and ndp
b. nnp and ndp
c. gnp and gdp
d. gnp and nnp
Q. Per capita income is equal to:
a. population/national income
b. national income/population
c. national income/gdp
d. nnp/gnp
Q. The first estimate of National income in India was done by:
a. k.n. raj
b. v.k.r.v. rao
c. dadabai naoroji
d. p.c. mahalanobis
Q. Pick the odd one out:
a. real national income
b. ni at constant price
c. ni at current prices
d. ni at base year price
Q. GDP deflator is given by:
a. nominal ni/real ni
b. nominal dgp/real gdp
c. nominal gdp/ nominal gnp
d. real gdp/real gnp
Q. Value of output minus intermediate consumption is:
a. depreciation
b. value added
c. net value added
d. net exports
Q. Personal income minus personal taxes is:
a. national income
b. private income
c. disposable income
d. per capita income
Q. In India, National income is estimated at:
a. current prices
b. constant prices
c. both current and constant prices
d. none of these