Top 250+ Solved Business Economics 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. Excess demand for money, according to Say’s law in the Economy:
a. is greater
b. is very less
c. is equal to zero
d. there is no relationship between excess demand for money and say’s law
Q. Which of the following is not an assumption of classical theory?
a. price flexibility
b. unemployment
c. say’s law
d. neutrality of money
Q. In classical theory the equality between saving and investment is brought about by:
a. rate of interest
b. income
c. consumption
d. multiplier
Q. The normal condition of a capitalist economy in classical theory is:
a. underemployment
b. full employment
c. general unemployment
d. frictional unemployment
Q. In classical theory of employment, there is the possibility of:
a. voluntary unemployment
b. no unemployment
c. involuntary unemployment
d. disguised unemployment