Macro Economics-Online Practice Exam 8
Macro Economics-Online Practice Exam 8

Macro Economics-Online Practice Exam 8

NET / SET Online Practice Exams

Test

Multi-choice 8

Question

1. National income statistics can help in

Answers

Economics planing

Calculate poverty

Formulate trade policy

All the above

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Question

Consumption expenditure – 10000

Savings – 5000

Interest on public debt – 250

Transfer payment – 250

Profit tax – 500

Undistributed corporate profit – 1200

Direct tax – 2500

Social security contribution – 200

2. Find Disposable income

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10000

15000

2000

25000

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Question

Consumption expenditure – 10000

Savings – 5000

Interest on public debt – 250

Transfer payment – 250

Profit tax – 500

Undistributed corporate profit – 1200

Direct tax – 2500

Social security contribution – 200

3. Find personal income

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12000

15000

17500

20000

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Question

Consumption expenditure – 10000

Savings – 5000

Interest on public debt – 250

Transfer payment – 250

Profit tax – 500

Undistributed corporate profit – 1200

Direct tax – 2500

Social security contribution – 200

4. Total tax collection by the government is 

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2500

2750

3000

3500

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Question

Consumption expenditure – 10000

Savings – 5000

Interest on public debt – 250

Transfer payment – 250

Profit tax – 500

Undistributed corporate profit – 1200

Direct tax – 2500

Social security contribution – 200

5. Which of the above are payment by government ?

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Savings

Interest on public debts

Transfer payment

Both( a )and( b)

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Question

Consumption expenditure – 10000

Savings – 5000

Interest on public debt – 250

Transfer payment – 250

Profit tax – 500

Undistributed corporate profit – 1200

Direct tax – 2500

Social security contribution – 200

6. National income to equal to 

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18500

19000

18900

20000

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Question

7. Keynes only considered

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Induced investment

Autonomous investment

Both (a) and (b)

None of the above

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Question

8. Impact of income influencing income was first pointed out by

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J.M Clark

J.M Keyness

Marshall

None of the above

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Question

9. Induced investment is influenced by 

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Business expectation

Rate of interest

Income level

None of the above

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Question

10. Autonomous investment is determined by everything expect

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Rate of Interest

Technology

Government policy

Income

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