(A) GDP=GNP
(B) GDP>GNP
(C) GDP
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Tag: Economics Mcqs With Answers
In an open economy?
(A) GDP=GNP
(B) GDP>GNP
(C) GDP
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Which of these indicates increase in welfare of the people?
(A) Increase in production of war time equipments
(B) Increase in production of food grains
(C) Spurt in smuggling activities
(D) Increase in production of Heroine, smack et(c)
Which of the following is an example of an intermediate goods?
(A) A Tata Indica sold by a dealer of second hand car
(B) Steel and cement used to construct a flyover
(C) Farming crop purchased by FCI
(D) All the three
Which of these items are excluded in the computation of National Income under value added method?
(A) Own acquired fixed assets by the Government enterprises, Govt. and household;
(B) Production for self-consumption
(C) Imputed rent for own occupied house
(D) All the three
Which of these are not included in territory sector?
(A) Banking
(B) Insurance
(C) Agriculture
(D) Transport
Which of these is / are a transfer payments(s)?
(A) Pension
(B) Scholarship
(C) Unemployment allowance
(D) All the three
In agricultural sector net value added is estimated by?
(A) Income method
(B) Expenditure method
(C) Production method
(D) All the three