National Income Accounting Test

Result

National Income Accounting Test - 19

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Weekly Quiz Competition

Question 1
1 / -0

$$NNP_{fc}$$ = ________.

A
$$GNP_{fc}$$-Depreciation

B
$$NNP_{mp}$$- indirect taxes

C
$$GNP_{mp}$$- depriciation

D
$$GNP_{fc}$$-net indirect taxes
Question 2
1 / -0

A refrigerator operating in a chemist's shop is an example of ______________.

A
free good

B
final good

C
intermediate good

D
consumer good
Question 3
1 / -0

Under Expenditure Method, Consumption Expenditure + Net Domestic Investment equals _____________.

A
Gross Domestic Expenditure

B
Gross National Expenditure

C
Net Domestic Expenditure

D
Net National Expenditure
Question 4
1 / -0

Which of the following is /are NOT included in the national income estimation by income method?
(i) Mixed income
(ii) Royalty
(iii) Rent
(iv) Profit

A
Only (i)

B
Only (i) and (ii)

C
Only (ii) and (iv)

D
None of the above
Question 5
1 / -0

Under Expenditure Method, Consumption Expenditure + Net Domestic Investment + Net Foreign Investment equals _____________.

A
Gross Domestic Expenditure

B
Gross National Expenditure

C
Net Domestic Expenditure

D
Net National Expenditure
Question 6
1 / -0

The three methods of calculating national income measure __________.

A
the same thing from different angle

B
different thing from different angle

C
different thing at the same angle

D
the same thing from the same angle
Question 7
1 / -0

Under expenditure Method, Consumption Expenditure + Net Domestic Investment + Replacement Expenditure equals ______________.

A
Gross Domestic Expenditure

B
Gross National Expenditure

C
Net Domestic Expenditure

D
Net National Expenditure
Question 8
1 / -0

In which sector, expenditure method is used in India for calculating national income?

A
Agriculture sector

B
Mining sector

C
Construction sector

D

Transportation sector
Question 9
1 / -0

GNP is a poor measure of welfare because it does not show ____________.

A
composition of output

B
population level

C
price level

D
all of the above

Solution

Gross national product is measured at base level price and output rather than the current year price which makes it give false picture about the status of the economy. Therefore, it is not regarded as an accurate measure of welfare.
Question 10
1 / -0

Which of the following will directly increase the GDP?

A
A rise in the market price.

B
A surplus in budget.

C
An increase in investment.

D
A deficit in budget.

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Re-Attempt Weekly Quiz Competition

National Income Accounting Test - 19

Result

National Income Accounting Test - 19

Score

-

Rank

-

SHARING IS CARING

Question 1

$$GNP_{fc}$$-Depreciation

$$NNP_{mp}$$- indirect taxes

$$GNP_{mp}$$- depriciation

$$GNP_{fc}$$-net indirect taxes

Question 2

free good

final good

intermediate good

consumer good

Question 3

Gross Domestic Expenditure

Gross National Expenditure

Net Domestic Expenditure

Net National Expenditure

Question 4

Only (i)

Only (i) and (ii)

Only (ii) and (iv)

None of the above

Question 5

Gross Domestic Expenditure

Gross National Expenditure

Net Domestic Expenditure

Net National Expenditure

Question 6

the same thing from different angle

different thing from different angle

different thing at the same angle

the same thing from the same angle

Question 7

Gross Domestic Expenditure

Gross National Expenditure

Net Domestic Expenditure

Net National Expenditure

Question 8

Agriculture sector

Mining sector

Construction sector

Transportation sector

Question 9

composition of output

population level

price level

all of the above

Solution

Question 10

A rise in the market price.

A surplus in budget.

An increase in investment.

A deficit in budget.

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Question Analysis

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