Macro Economics MCQ
Macro Economics MCQ Meaning :- Macroeconomics is the branch of economics that deals with the structure, performance, behavior, and decision-making of the whole, or aggregate, economy. The two main areas of macroeconomic research are long-term economic growth and shorter-term business cycles.
131) If economic subsidies are added to and Indirect taxes are substracted from the national income at market
prices, then it will be equal to :
a) Domestic Income
b) National Income
c) GNP at Market Price
d) GDP at factor cost
Ans: National Income
Answer:b
132) In which type of economy, domestic income is equal to national income?
a) OPen economy
b) Closed Economy
c) Both a and b
d) Neither a nor b
Ans:Closed Economy
Answer:b
133) Domestic factor income is another name for:
a) NDP FC
b) NNP MP
c) GDP FC
d) NNP FC
Ans:NDP FC
Answer:a
134) Which of the following ia a part of National Income?
A) old age pensio
b) unemployment allowance
c) profit
d) scholarship
Ans:PROFIT
Answer:c
135) NDP at FC is less than National Income when:
a) Net factor income from abroad is positive
b) Net factor income from abroad is negative
c) Net factor income from abroad is zero
d) Net exports are positive
Ans:Net factor income from abroad is positive
Answer:a
136) National income is equal to:
a) Domestic product plus factor income earned from abroad
B) domestic product plus net factor income earned from abroad
c) Domestic product mins factor income earned from abroad
d) Domestic product plus export minus imports
Ans:domestic product plus net factor income earned from abroad
Answer:b
137) ———–is the net amount available to households for consuption and saving
A) national income
b) personal income
c) personal disposable income
d) government income
Ans: personal disposable income
Answer:c
138) GNP exceeds NNP by:
a) Amount of total taxes
b) Government expenditure
c) Transfer payments
d) Difference between Gross investment and Net Investment
Ans:Difference between Gross investment and Net Investment
Answer:d
139) GDP MP = Rs.1000 and subsidies = Rs.50, then GDP FC will be :
a)1050
b) 950
c) 1000
d) 900
Ans:1050
Answer:a
140) “Income method” is also known as:
A) distributive share method
b) income disposal method
c) industrial origin method
d) none of these
Ans: distributive share method
Answer:a
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