Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer

From 166 to 180 of 940

Q. Choose the correct statement

a. GPD at fc = GPD mp-IT +S

b. GPD at fc = GDP mp-IT –S

c. GDP at fc = GDP mp+IT+S

d. GDP at fc = GDP mp+IT-S

  • a. GPD at fc = GPD mp-IT +S

Q. Which of the following equation is correct?

a. GNP=GDP+Net factor income from abroad

b. GNP=GDP+Gross factor income from abroad

c. GNP=GDP-Net factor income from abroad

d. GNP=GDP-Gross factor income from abroad

  • a. GNP=GDP+Net factor income from abroad

Q. Which of these items are excluded in the computation of National Income under value added method?

a. Own acquired fixed assets by the Government enterprises, Govt. and household

b. Production for self-consumption

c. Imputed rent for own occupied house

d. All the three

  • d. All the three

Q. In agricultural sector net value added is estimated by

a. Income method

b. Expenditure method

c. Production method

d. All the three

  • c. Production method

Q. Which of these are not included in territory sector?

a. Banking

b. Insurance

c. Agriculture

d. Transport

  • c. Agriculture

Q. Which of these indicates increase in welfare of the people?

a. Increase in production of war time equipments

b. Increase in production of food grains

c. Spurt in smuggling activities

d. Increase in production of Heroine, smack et(c)

  • a. Increase in production of war time equipments

Q. Which of the following is an example of an intermediate goods.

a. A Tata Indica sold by a dealer of second hand car

b. Steel and cement used to construct a flyover

c. Farming crop purchased by FCI

d. All the three

  • b. Steel and cement used to construct a flyover

Q. GDP is defined as

a. The market value of all goods and services produced in the domestic economy during the year

b. Current value of all the capital goods produced in the country.

c. Sum of goods and services exported during the year.

d. All the capital goods and consumable goods produced and sold during the year

  • a. The market value of all goods and services produced in the domestic economy during the year

Q. If in 2000 nominal GDP is = `70000 Crore and the prices in 2000 were 40% more than the real GDP in 2000 using 1996 as a base year is

a. `45,000 Crore

b. `50,000 Crore

c. `42,000 Crore

d. `98000 Crore

  • b. `50,000 Crore

Q. In question No. 386, the National Income will be

a. `5000

b. `6600

c. `6000

d. `5500

  • d. `5500

Q. In a closed economy

a. GDP=GNP

b. GDP>GNP

c. GDP<GNP

d. All the three are possible

  • a. GDP=GNP

Q. In an open economy

a. GDP=GNP

b. GDP>GNP

c. GDP<GNP

d. All the three are possible

  • d. All the three are possible

Q. Which of these is an example of a transfer payment?

a. Profit

b. Retirement pension

c. Rent

d. Transportation and freight charges

  • b. Retirement pension
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