Income Determination Test

Result

Income Determination Test - 2

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Weekly Quiz Competition

Question 1
1 / -0

AD refers to:

A
demand for all goods and services produced in the economy during a period of one year

B
total unplanned expenditure on the goods and services in the economy during an accounting year

C
sum total of investment expenditure and saving in the economy during an accounting year

D
all of these
Question 2
1 / -0

In an open economy, aggregate demand is estimated as:

A
private consumption expenditure + net exports

B
private consumption expenditure + government expenditure

C
private investment expenditure + government expenditure + net exports

D
private consumption expenditure + private investment expenditure + government expenditure + net exports
Question 3
1 / -0

Expenditure on Goods and Services =

A
Government expenditure + Investment expenditure

B
Consumption expenditure + Government consumption expenditure

C
Consumption expenditure + Investment expenditure

D
None of these
Question 4
1 / -0

45° line in the context of equilibrium GDP is a:

A
line of reference

B
line of identity

C
line of equality between AS and AD

D
both (a) and (c)
Question 5
1 / -0

AD schedule shows the relationship between:

A
AD and Y

B
C and I

C
C and S

D
none of these
Question 6
1 / -0

Domestic economy includes:

A
household sector

B
producer sector

C
government sector

D
all of these
Question 7
1 / -0

AD is:

A
positively related to Y

B
negatively related to Y

C
not related to Y

D
always equal to Y
Question 8
1 / -0

AD curve:

A
is a diagrammatic presentation of AD schedule

B
shows desired expenditure corresponding to different levels of income in the economy

C
indicates ex-post demand in the economy

D
both (a) and (b)
Question 9
1 / -0

Rest of the world sector leads to:

A
export of goods and services

B
import of goods and services

C
both (a) and (b)

D
none of these
Question 10
1 / -0

When household consumption expenditure = ₹ 9,000, private investment expenditure = ₹ 7,000, government expenditure = ₹ 12,000, exports = ₹ 1,000 and imports = ₹ 3,000, the level of AD in an open economy will be:

A
₹ 16,000

B
₹ 26,000

C
₹ 28,000

D
₹ 29,000

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Re-Attempt Weekly Quiz Competition

Income Determination Test - 2

Result

Income Determination Test - 2

Score

-

Rank

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SHARING IS CARING

Question 1

demand for all goods and services produced in the economy during a period of one year

total unplanned expenditure on the goods and services in the economy during an accounting year

sum total of investment expenditure and saving in the economy during an accounting year

all of these

Question 2

private consumption expenditure + net exports

private consumption expenditure + government expenditure

private investment expenditure + government expenditure + net exports

private consumption expenditure + private investment expenditure + government expenditure + net exports

Question 3

Government expenditure + Investment expenditure

Consumption expenditure + Government consumption expenditure

Consumption expenditure + Investment expenditure

None of these

Question 4

line of reference

line of identity

line of equality between AS and AD

both (a) and (c)

Question 5

AD and Y

C and I

C and S

none of these

Question 6

household sector

producer sector

government sector

all of these

Question 7

positively related to Y

negatively related to Y

not related to Y

always equal to Y

Question 8

is a diagrammatic presentation of AD schedule

shows desired expenditure corresponding to different levels of income in the economy

indicates ex-post demand in the economy

both (a) and (b)

Question 9

export of goods and services

import of goods and services

both (a) and (b)

none of these

Question 10

₹ 16,000

₹ 26,000

₹ 28,000

₹ 29,000

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Question Analysis

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