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National Income and Related Aggregates
- Online Test
National Income and Related Aggregates
TEST : 3
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q1.
In final goods
A.
Values is not added
B.
Value is added
C.
Value cannot be added anymore
D.
Value should not be added
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q2.
In a two sector circular flow model the two sectors are
A.
Government and household
B.
Firm and household
C.
Firm and government
D.
Government and financial system
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q3.
In a three sector circular flow model the three sectors are
A.
Firm and household & government
B.
Government and financial system & firm
C.
Firm and government & abroad
D.
Government and household & financial system
View Solution
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Answer :
Option A
Explaination / Solution:
No Explaination.
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q4.
When will the domestic income be greater than the national income?
A.
IF Net factor income earned from abroad is zero
B.
IF is negative
C.
IF Net factor income earned from abroad is 1
D.
IF Net factor income earned from abroad is positive
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q5.
What must be added to domestic factor income to obtain national income?
A.
Net factor interest earned from abroad
B.
Net taxes earned from abroad
C.
Net factor retained earnings from abroad
D.
Net factor income earned from abroad
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q6.
State which one of the following is true .
A.
Royalty is not a factor income
B.
Rent is a factor income
C.
Tax is a factor income
D.
Subsidies is a factor payment
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q7.
Can the gross domestic product be greater than the gross national product?
A.
Yes
B.
Never
C.
No
D.
Can’t say
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q8.
Can the change in inventories be in negative?
A.
Can’t say
B.
Yes
C.
No
D.
Never
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q9.
Can the net indirect taxes be negative?
A.
Yes
B.
Can’t say
C.
No
D.
Never
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# National Income and Related Aggregates
# CBSE 12TH Economics
Prepare / Learn
Q10.
Can the net factor income earned from abroad be negative?
A.
No
B.
Can’t say
C.
Yes
D.
Never
View Solution
Add Work Space
Answer :
Option C
Explaination / Solution:
No Explaination.
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