National Income Accounting Test

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National Income Accounting Test - 16

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following equations regarding GDP and GNP at Factor Cost is true?

A
GDP or GNP at Market Prices = GDP or GNP at Factor Cost Less Indirect Taxes, less subsidies

B
GDP or GNP at Market Prices = GDP or GNP at Factor Cost Plus Indirect Taxes, less subsidies

C
GDP or GNP at Market Prices = GDP or GNP at Factor Cost Less Indirect Taxes, plus subsidies

D
GDP or GNP at Market Prices = GDP or GNP at Factor Cost Plus Indirect Taxes, plus subsidies
Question 2
1 / -0

GNP excludes _________.

A
rental incomes

B
interest payments

C
dividends

D
government transfer payments
Question 3
1 / -0

Which will increase GNP?

A
A rise in the Market Price

B
A surplus in Budget

C
An increase in Investment

D
A deficit in Budget
Question 4
1 / -0

National income at market prices, plus subsidies, but less indirect taxes is equal to which one of the following?

A
Gross national income

B
National income at factor cost

C
Private income before cost

D
Net consumer income
Question 5
1 / -0

NNP at MP = NNP at FC, when there is ____________.

A
no direct tax

B
no indirect tax

C
no subsidy

D
no indirect tax and no subsidy
Question 6
1 / -0

Net National product (NNP) at factor cost was ________ in 1950-51.

A
Rs. 92,367 crore

B
Rs. 1,02,367 crore

C
Rs. 1,22,367 crore

D
Rs. 2,04,924 crore
Question 7
1 / -0

Suppose $NDP_{MP}$ is constant and depreciation is increasing then $GDP_{MP}$ ______________.

A
decreases

B
increases

C
decreases with same amount of depreciation

D
increases with same amount of depreciation
Question 8
1 / -0

Which of the following equation is used to arrive at GNP at Factor Cost?

A
GNP at Factor Cost = GDP at Factor Cost + Net Factor Income from Abroad

B
GNP at Factor Cost = GDP at Factor Cost X Net Factor Income from Abroad

C
GNP at Factor Cost = GDP at Factor Cost - Net Factor Income from Abroad

D
GNP at Factor Cost = GDP at Factor Cost + Net Factor Income from Abroad - Depreciation
Question 9
1 / -0

National income may be computed under _________ method.

A
product

B
income

C
expenditure

D
all of the above
Question 10
1 / -0

_________ method is suitable for measuring National Income in the case of Agricultural sector.

A
Product

B
Income

C
Expenditure

D
All of the above

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Re-Attempt Weekly Quiz Competition

National Income Accounting Test - 16

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National Income Accounting Test - 16

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SHARING IS CARING

Question 1

GDP or GNP at Market Prices = GDP or GNP at Factor Cost Less Indirect Taxes, less subsidies

GDP or GNP at Market Prices = GDP or GNP at Factor Cost Plus Indirect Taxes, less subsidies

GDP or GNP at Market Prices = GDP or GNP at Factor Cost Less Indirect Taxes, plus subsidies

GDP or GNP at Market Prices = GDP or GNP at Factor Cost Plus Indirect Taxes, plus subsidies

Question 2

rental incomes

interest payments

dividends

government transfer payments

Question 3

A rise in the Market Price

A surplus in Budget

An increase in Investment

A deficit in Budget

Question 4

Gross national income

National income at factor cost

Private income before cost

Net consumer income

Question 5

no direct tax

no indirect tax

no subsidy

no indirect tax and no subsidy

Question 6

Rs. 92,367 crore

Rs. 1,02,367 crore

Rs. 1,22,367 crore

Rs. 2,04,924 crore

Question 7

decreases

increases

decreases with same amount of depreciation

increases with same amount of depreciation

Question 8

GNP at Factor Cost = GDP at Factor Cost + Net Factor Income from Abroad

GNP at Factor Cost = GDP at Factor Cost X Net Factor Income from Abroad

GNP at Factor Cost = GDP at Factor Cost - Net Factor Income from Abroad

GNP at Factor Cost = GDP at Factor Cost + Net Factor Income from Abroad - Depreciation

Question 9

product

income

expenditure

all of the above

Question 10

Product

Income

Expenditure

All of the above

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