Top 150+ Solved Business Economics Macro MCQ Questions Answer
Q. Which of following is not an intermediate goods?
a. Wheat
b. Gold
c. Service of Doctor
d. Sand and Bricks
Q. Which of following is not a final good?
a. Machinery purchased by dealer
b. Machinery purchased by a factory
c. Use of petrol
d. Washing machine
Q. Which of following is not a part of national income?
a. Depreciation
b. Net factor income from abroad
c. Operating surplus
d. Mixed income
Q. Product method of calculating national income is also known as:
a. Income method
b. Value added method
c. Expenditure method
d. Distribution method
Q. Transfer payments refer to payments, which are made:
a. Without any exchange of goods and services
b. To workers on transfer from one job to another
c. As compensation to employees
d. None
Q. National Income differs from Net National Product at market price by the amount of:
a. Current transfers from rest of the world
b. Net Indirect Taxes (difference between Indirect tax and subsidy)
c. National debt interest
d. it does not differ
Q. Net national product at factor cost is also known as:
a. Net Domestic product
b. Gross National product
c. National Income
d. Personal Income
Q. In GNP calculation which of the following should be excluded?
a. Rental incomes
b. Interest payments
c. Dividends
d. Government transfer payment
Q. National Income differs from Net National Product at market price by the amount of:
a. Current transfers from rest of the world
b. Net Indirect Taxes
c. National debt interest
d. it does not differ
Q. Which property the paper money does not possess:
a. Acceptability
b. Divisibility
c. Durability
d. Portability
Q. A saving account in a bank represents the function of money:
a. A measure of value
b. A medium of exchange
c. A standard for deferred payments
d. Store of value
Q. A student records her income and spending for past month, she uses the function of money
a. Medium of exchange
b. Standard of deferred payments
c. Store of value
d. Unit of account
Q. It implements monetary policy of the country:
a. Central bank
b. Commercial banks
c. Specialized bank
d. Finance department
Q. Which property paper money does NOT Possess?
a. Acceptability
b. Divisibility
c. Durability
d. Portability
Q. Anything used as money must be:
a. Fixed in value
b. Fixed in supply
c. Legal tender
d. Readily acceptable