(A) Wages or compensation of employees
(B) Rent, interest, profits or operating surplus
(C) Mixed income
(D) None
Category: Economics Mcqs
Users will find here Economics Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer and all other types of Competitive Exams and Interviews. Economics students can prepare their Economics Portion for all test from here.
__is the personal income minus personal income tax and miscellaneous receipts of Government administrative departments?
(A) Surplus income
(B) Disposal income
(C) Expendable income
(D) Residual income
If we add__to national income we get NDP?
(A) Depreciation
(B) Net foreign factor income
(C) Indirect-tax
(D) Transfer payment
If we add__to net domestic production we get GDP?
(A) Depreciation
(B) Direct tax
(C) Indirect tax
(D) Interest payment
True value added?
(A) value added-depreciation
(B) Value added – depreciation – tax
(C) Value added – interest – tax
(D) Value added – depreciation-interest
__ is an index of price change for goods and services included in GDP?
(A) Price index
(B) Sensex
(C) GDP deflator
(D) None
If GDP exceeds GNP the possible reasons could be?
(A) Foreigners are earning more in India than Indians are earning in foreign countries
(B) High incidence of plant and machinery wear out
(C) Indian are earning more in foreign countries than foreigners earnings in India
(D) None
Which of these would not be part of GDP?
(A) Sale of Intermediate goods
(B) Income from illegal betting
(C) Household services rendered by a house wife in her family
(D) All the three