Macro Economics-Online Practice Exam 7
Notes
Macro Economics-Online Practice Exam 7
Notes

Macro Economics-Online Practice Exam 7

NET / SET Online Practice Exams

Test

Multi-choice 7

Question

1. Welfare as measured by rising per capita income will be better appreciated if it is achieved by giving 

Answers

Shorter working hours

More leisure

Longer working hours

Both (a) and (b)

Feedback

Question

2. National income is 

Answers

Government revenue

Budget estimate

Sum total of income

Revenue of firms

Feedback

Question

3. All the private individuals, income added together will be called

Answers

NNPFC

GDPMP

Personal income 

National income

Feedback

Question

4. India calculate national income by

Answers

One method

Two method

Three method

Mixture of all the three

Feedback

Question

5. In India difference between GNP and GDP is insignificant because of

Answers

Export is insignificant

Net income earned from abroad is insignificant

Foreign investment is insignificant

Import is insignificant

Feedback

Question

6. National Income calculation ignores

Answers

Income from illegal business

Work of house wife

Manufacturing

Only (a) and (b)

Feedback

Question

7. Consumption expenditure + savings equal to 

Answers

GDPFC

NNPFC

Personal disposable income

Personal income

Feedback

Question

8. Relation between demand for final output and demand for all input was to determine macro economic consistency by

Answers

Leontieff

Marshall

Ricard Stone

Kuznets

Feedback

Question

9. ‘Balance sheet’ of the company is a

Answers

Stock

Flow

Change in stock

Quasi stock

Feedback

Question

10. Profit and loss account of the company is

Answers

Stock

Flow

Change in stock

Quasi stock

Feedback

This practice type exam is prepared by www.myeconomics.info
<< Prev
Next >>
"There is no joy in possession without sharing". Share this page.

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *