( Best 60+ ) National Income MCQ

by Mr. DJ 17/01/2022

National Income MCQ

Table of Contents

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National Income MCQ

41. Goods which are not used in the production of other goods are called:

A. Capital goods

B. Consumption goods

C. Producer goods

D. Intermediate goods

Answer: –

B. Consumption goods

42. Depreciation is the:

A. Loss of vale of fixed assets in use due to normal wear and tear

B. Loss of value of fixed assets in use due to normal rate of accidental damages

C. Loss of value of fixed assets in the due to foreseen obsolescence

D. All of these

Answer: –

D. All of these

43. Which of following is not included in national income?

A. Factor income

B. Rent

C. Operating surplus

D. Transfer income

Answer: –

D. Transfer income

44. Which of following is not a capital good?

A. Use of Machine tools

B. Raw Material

C. Advocate’s Services

D. Heavy Machinery

Answer: –

C. Advocate’s Services

45. Which of following is not an intermediate goods?

A. Wheat

B. Gold

C. Service of Doctor

D. Sand and Bricks

Answer: –

C. Service of Doctor

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46. Which of following is not a final good?

A. Machinery purchased by dealer

B. Machinery purchased by a factory

C. Use of petrol

D. Washing machine

Answer: –

A. Machinery purchased by dealer

47. Which of following is not a part of national income?

A. Depreciation

B. Net factor income from abroad

C. Operating surplus

D. Mixed income

Answer: –

A. Depreciation

48. Product method of calculating national income is also known as:

A. Income method

B. Value added method

C. Expenditure method

D. Distribution method

Answer: –

B. Value added method

49. Transfer payments refer to payments, which are made:

A. Without any exchange of goods and services

B. To workers on transfer from one job to another

C. As compensation to employees

D. None

Answer: –

A. Without any exchange of goods and services

50. National Income differs from Net National Product at market price by the amount of:

A. Current transfers from rest of the world

B. Net Indirect Taxes (difference between Indirect tax and subsidy)

C. National debt interest

D. it does not differ

Answer: –

B. Net Indirect Taxes (difference between Indirect tax and subsidy)

Also Read :-

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Mr. DJ

I Am Dinesh Jat ( Mr. DJ). Completed Mcom. And Currently Pursuing MBA. Interest In Writing Blogs And Spread knowledge To the People. I Want to Provide General Awareness With The People who Are preparing for competitive Exams At a place.

( Best 60+ ) National Income MCQ

National Income MCQ

National Income MCQ

41. Goods which are not used in the production of other goods are called:

42. Depreciation is the:

43. Which of following is not included in national income?

44. Which of following is not a capital good?

45. Which of following is not an intermediate goods?

46. Which of following is not a final good?

47. Which of following is not a part of national income?

48. Product method of calculating national income is also known as:

49. Transfer payments refer to payments, which are made:

50. National Income differs from Net National Product at market price by the amount of:

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