National Income and Related Aggregates Test

Result

National Income and Related Aggregates Test - 11

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Weekly Quiz Competition

Question 1
1 / -0

Wealth is a

A
Stock concept

B
Flow concept

C
Hypothetical concept

D
Non economic concept

Solution

Weath is accumulated at a point of time.
Question 2
1 / -0

water in a tank is a

A
Stock concept

B
Non economic concept

C
Flow concept

D
Hypothetical concept

Solution

It is static.
Question 3
1 / -0

National Income is a

A
Stock concept

B
Flow concept

C
Non economic concept

D
Hypothetical concept

Solution

It is measured after a specific period of time, usually a year.
Question 4
1 / -0

Investment is a

A
Stock concept

B
Non economic concept

C
Hypothetical concept

D
Flow concept

Solution

It's measured after a period of time.
Question 5
1 / -0

water in a stream is a

A
Non economic concept

B
Flow concept

C
Stock concept

D
Hypothetical concept

Solution

It's dynamic.
Question 6
1 / -0

Investment in macroeconomics is

A
Addition to the stock of capital

B
Updating the stock of capital

C
Reduction in the stock of capital

D
Division of the stock of capital

Solution

Investment is a flow concept.
Question 7
1 / -0

Which of the following will you include while estimating domestic product of India?

A
Rent received by resident Indian from his property in Singapore.

B
Salaries paid to Koreans working in the Indian embassy in Korea

C
Profits earned by branch of American bank in India.

D
Salaries of Indians working in Japanese Embassy in India

Solution

This bank lies within domestic territory of India.
Question 8
1 / -0

Which of the following will you include while estimating national income by expenditure method?

A
Net indirect taxes

B
Change in stocks

C
Purchase of raw materials by a producer

D
Purchase of new car by a household

Solution

Car is a final good.
Question 9
1 / -0

Consider the following statements and identify the right ones.

1. CSO is a premier statistical institution for collecting data in India
2. It presents the national income estimates twice a year.

A
None of these

B
both I and II

C
ii only

D
I only
Question 10
1 / -0

Which one of the following items is not included in the estimating a country‘s national income

A
Free cloth given to workers

B
Old age pension

C
Growing vegetable in a kitchen garden of the house

D
Commission paid to dealer in old car

Solution

Old age pension is a non productive renumeration.

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Re-Attempt Weekly Quiz Competition

National Income and Related Aggregates Test - 11

Result

National Income and Related Aggregates Test - 11

Score

-

Rank

-

SHARING IS CARING

Question 1

Stock concept

Flow concept

Hypothetical concept

Non economic concept

Solution

Question 2

Stock concept

Non economic concept

Flow concept

Hypothetical concept

Solution

Question 3

Stock concept

Flow concept

Non economic concept

Hypothetical concept

Solution

Question 4

Stock concept

Non economic concept

Hypothetical concept

Flow concept

Solution

Question 5

Non economic concept

Flow concept

Stock concept

Hypothetical concept

Solution

Question 6

Addition to the stock of capital

Updating the stock of capital

Reduction in the stock of capital

Division of the stock of capital

Solution

Question 7

Rent received by resident Indian from his property in Singapore.

Salaries paid to Koreans working in the Indian embassy in Korea

Profits earned by branch of American bank in India.

Salaries of Indians working in Japanese Embassy in India

Solution

Question 8

Net indirect taxes

Change in stocks

Purchase of raw materials by a producer

Purchase of new car by a household

Solution

Question 9

None of these

both I and II

ii only

I only

Question 10

Free cloth given to workers

Old age pension

Growing vegetable in a kitchen garden of the house

Commission paid to dealer in old car

Solution

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Question Analysis

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Score

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