Question 1

Which of following is not a final good?

Accepted Answer

A) Machinery purchased by dealer 
B) Machinery purchased by a factory 
C) Use of petrol 
D) Washing machine 
A) Machinery purchased by dealer 
B) Machinery purchased by a factory 
C) Use of petrol 
D) Washing machine

Question 2

Which property the paper money does not possess:

Accepted Answer

A) Acceptability 
B) Divisibility 
C) Durability 
D) Portability 
A) Acceptability 
B) Divisibility 
C) Durability 
D) Portability

Question 3

Which of the following is correct?

Accepted Answer

A) If national income rises, per capita income must also rise. 
B) If population rises, per capita income must fall. 
C) If national income rises, welfare of the people must rise. 
D) None of the above. 
A) If national income rises, per capita income must also rise. 
B) If population rises, per capita income must fall. 
C) If national income rises, welfare of the people must rise. 
D) None of the above.

Question 4

Piyush's mother is a teacher. She also teaches Piyush. How would you treat this white calculating national income and domestic income?

Accepted Answer

A) It will be included in the national income, but not in the domestic income. 
B) It will be included in the domestic income, but not in the national income. 
C) It will be included in domestic income as well as national income. 
D) It will neither be included in the domestic income nor in the national income. 
A) It will be included in the national income, but not in the domestic income. 
B) It will be included in the domestic income, but not in the national income. 
C) It will be included in domestic income as well as national income. 
D) It will neither be included in the domestic income nor in the national income.

Question 5

Transfer payments refer to payments, which are made:

Accepted Answer

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 
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

Which of following is not a final good?

Which property the paper money does not possess:

Which of the following is correct?

Piyush's mother is a teacher. She also teaches Piyush. How would you treat this white calculating national income and domestic income?

Transfer payments refer to payments, which are made:

Economics : Macroeconomics, Factors, Goods, and Indicators

Understanding National Income, GDP, and Economic Sectors in India

Money and Monetary Policy: Understanding the Characteristics and Functions of Currency and Government Securities

Money and Inflation

Macroeconomic Concepts and Theories

Economics and Public Finance

Understanding Public Finance and Business Cycles

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Exam 3: National Income and Final Goods

Which of following is not a final good?

Which property the paper money does not possess:

Which of the following is correct?

Piyush's mother is a teacher. She also teaches Piyush. How would you treat this white calculating national income and domestic income?

Transfer payments refer to payments, which are made:

Economics : Macroeconomics, Factors, Goods, and Indicators

Understanding National Income, GDP, and Economic Sectors in India

Money and Monetary Policy: Understanding the Characteristics and Functions of Currency and Government Securities

Money and Inflation

Macroeconomic Concepts and Theories

Economics and Public Finance

Understanding Public Finance and Business Cycles

Filters