National Income - 1

National income does not include_____

• Wages and salaries

• Rent and Royalty

• Student scholarship

• Corporate Tax

Q.Which of the following is not the part of profit?

• Dividend

• Undistributed profit

• Corporate tax

• Royalty

Which of the following is an intermediate good

• Bread

• Leather

• Cloth

• Shoes

How many approaches in calculating national income?

• 4

• 3

• 2

• 1

Which one of the following is not included in NI?

• Old age pension

• retirement pension

• wages

• bonus

The national income is

• a. NNP at factor cost

• b. NNP at market price

• c. GNP at market price

• d. GNP at factor cost

When a nation's exports exceed its imports and is calculated as exports - imports

• trade surplus

• trade deficit

• inventory

• gross domestic product

What is depreciation?

• Capital loss

• Fixed capital loss

• Consumption of fixed capital

• None

2.When will GDP at market price be equal to GDP at factor cost ?

• Indirect taxes=subsidy

• indirect taxes >subsidy

• indirect taxes < subsidy

• none of these

5.The value of the output of all goods and services produced within a country in a year.

• total output

• Gross Domestic Product

• national income

• net domestic product