Top 250+ Solved Business Economics MCQ Questions Answer

a. the value of goods and services

b. the sold value of the old fridge

c. services rendered by the housewives

d. both [b] & [c]

a. service sector

b. manufacturing sector

c. agricultural sector

d. small scale industries

a. national expenditure = national income

b. national expenditure = national income + national savings

c. national expenditure = national income + taxes

d. national expenditure = national income – taxes

a. 5

b. 2

c. 1

d. 3

a. gnp = gdp - net income from abroad

b. gnp = gdp + net income from abroad (r-p) ……. gdp+(r-p)

c. gnp = nnp - net income from abroad

d. gnp = nnp + net income from abroad

a. transfer payment are included in national income

b. depreciation allowance is a part of gnp

c. taxes are not included in nnp

d. gdp means gross direct production

a. nnp

b. gnp

c. pi (disposable personal income)

d. pi (personal income)

a. number of my shirts

b. my total wealth

c. my monthly income

d. money supply

a. use gdp deflator

b. calculate value added at each stage of production

c. use retail prices

d. use price of only intermediate goods

a. transfer payments

b. indirect taxes

c. depreciation

d. all of the above

a. national income rises

b. national income falls

c. national income is not affected

d. none of the above

a. ni = rent + interest + wages + profit

b. ni = rent + interest + wages + taxes

c. ni = govt. expenditure + interest + wages + profit

d. ni = rent + interest + wages + pensions

a. ministry of finance

b. ministry of commerce and industry

c. ministry of central statistical and program implementation

d. ministry of consumer affairs

a. goa

b. delhi

c. maharashtra

d. punjab

a. 26%

b. 20%

c. 53%

d. 14%