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Multi Choice Online Exam on Macro Economics-7

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Multi-choice 7

Question

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

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Shorter working hours

More leisure

Longer working hours

Both (a) and (b)

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Question

2. National income is 

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Government revenue

Budget estimate

Sum total of income

Revenue of firms

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Question

3. All the privite individuals, inckme added together will be called

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NNPFC

GDPMP

Personal income 

National income

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Question

4. India calculate national income by

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One method

Two method

Three method

Mixture of all the three

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Question

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

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Export is insignificant

Net income earned from abroad is insignificant

Foreign investment is insignificant

Import is insignificant

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Question

6. National Income calculation ignores

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Income from illegal business

Work of house wife

Manufacturing

Only (a) and (b)

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Question

7. Consumption expenditure + savings equal to 

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GDPFC

NNPFC

Personal disposable income

Personal income

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Question

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

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Leontieff

Marshall

Ricard Stone

Kuznets

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Question

9. ‘Balance sheet’ of the company is a

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Stock

Flow

Change in stock

Quasi stock

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Question

10. Profit and loss account of the company is

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Stock

Flow

Change in stock

Quasi stock

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This practice type exam is prepared by www.myeconomics.info

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