Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer
Q. If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent
a. Depreciation
b. Rate of inflation
c. Rate of interest
d. Tax burden
Q. Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be…….
a. 12%
b. 10%
c. 10.5%
d. 9.5%
Q. Given Real GDP 8.25%, Nominal GDP 11.25%, Rate of inflation will be
a. 2.5%
b. 3%
c. 4.25%
d. 3.5%
Q. If we add……………. to net domestic production we get GDP
a. Depreciation
b. Direct tax
c. Indirect tax
d. Interest payment
Q. If we add……………. to national income we get NDP
a. Depreciation
b. Net foreign factor income
c. Indirect-tax
d. Transfer payment
Q. ………………… is the personal income minus personal income tax and miscellaneous receipts ofGovernment administrative departments.
a. Surplus income
b. Disposal income
c. Expendable income
d. Residual income
Q. Which of these is/are not included in net domestic product at factor cost.
a. Wages or compensation of employees
b. Rent, interest, profits or operating surplus
c. Mixed income
d. None
Q. Which of the following is near money?
a. Bill of exchange
b. Saving bonds
c. Gilt edged securities
d. All the three
Q. Which of the following is the oldest system of money?
a. Barter
b. Plastic money
c. Credit money
d. Gold
Q. Optional money is a
a. Legal tender money
b. Non-legal tender money
c. Limited legal tender money
d. Full bodied money
Q. Which of these is not a function of money?
a. Means of exchange
b. Store value
c. Power indicator
d. Measurement of value
Q. Which of the following function does money serve when used to measure the prices of different goodsand services?
a. Store of value
b. Medium of exchange
c. Standard of value
d. Display of power