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.
141) Which of the following is a synonym of “Undistributed Profits”?
A) savings of private corporate sector
b) reserves and surpls
c) retained earnings
d) all of
these
Ans:all of these
Answer:d
142) Which one is inclded in National Income?
A)winning from lottery
b) milk purchase by a dairy shop
c) national debt interest
d) none of
these.
Ans:none of these.
Answer:d
143) ‘Distributed Profits’ is also known as:
a)Corporate tax
b) Dividend
c) Retained Earnings
d) None of these
Ans:Dividend
Answer:b
144) If a farmer sells Wheat to miller for RS.500 and miller sells flour to baker for Rs.700 and baker sells bread to consumer for Rs.1000, then total value added by Miller and baker is:
a) 500
b) 300
c) 1700
d) 1200
Ans:500
Answer:a
145) Which of the following is included in domestic income?
A)factor income from abroad
b) windfall gains
c) pension on retirement
d) capial gains
Ans:pension on retirement
Answer:c
146) Expenditure method focuses on measurement of National income at:
A) phases of production of goods and services
b) phase of income distribution
c) phase of income disposition
d) all of these
Ans: phase of income disposition
Answer:c
147) which of the following is not an economic activity and hence not included while estimating national income in india?
A)medical services rendered by a dispensary
b) a housewife doing household work
c) a lawyer doing his
practiced)
D.a maid working full time with a family
Ans: a housewife doing household work
Answer:b
148) National product at current prices is higher than national product at constant prices during a period of :
a) Rising prices
b) Falling prices
c) Constant prices
d) Both a and b
Ans: Rising prices
Answer:a
149) Net Factor Income from Abroad is taken into account when National Income is calculated by:
A) value added method
b) income method
c) expenditure method
d) any of the three methods
Ans:any of the three methods
Answer:d
150) Broker’s commission on sale and purchase of second hand goods is included in national income because:
a) It is a part of compensation of employees
b) It is a part of GRoss Domestic Capital Formation
C) it is an income earned for rendering productive services
d) None of these
Answer:c
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