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National Income Accounting Test - 15

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National Income Accounting Test - 15
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Per capita national income is measured as ________.
    Solution
    Per capita national income refers to income per head.
    It can be calculated as $$\dfrac{NNP}{Population}$$
  • Question 2
    1 / -0
    Net National Product at Factor Cost can be calculated as ___________.
  • Question 3
    1 / -0
    The difference between the $$GDP_{MP}$$ and $$GNP_{MP}$$ is ____________.
  • Question 4
    1 / -0
    GNP at Factor Cost Less Depreciation equals ___________.
  • Question 5
    1 / -0
    Mixed income of the self employed means __________.
    Solution
    Mixed income of the self employed means combined factor payments of rent, wages, interest and profits received by the self-employed professional, which are not distinguishable.
  • Question 6
    1 / -0
    Net national product at factor cost is ___________.
    Solution
    Net national product at factor cost is equal to national income, because $$NNP_{FC}$$ refers to Net National Product ($$NNP$$) which is a measure to estimate national income.
  • Question 7
    1 / -0
    Identify the items which is not a factor payment.
    Solution
    Factors payments are those payments, which are made to factors of production e.g. rent, interest, profit, wages etc. Scholarships given to the scheduled caste students is not a factor payment, it is a transfer payment and it will not be included in national income.
  • Question 8
    1 / -0
    GNP at Market Price Less Net Indirect Taxes equals -
  • Question 9
    1 / -0
    Which of the following is incorrect?
  • Question 10
    1 / -0
    NNP at factor cost in 2010-11 was __________.
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