Q.11)-Gross National Product is the money measure of--
  • All tangible goods produced in a country
  • Final goods and services produced in the economy
  • Services generated annually in the economy
  • All tangible goods available in the economy
Q.12)-Gross National Product means-
  • Groos value of finished goods
  • Money values of the total national production for any given period
  • Gross value of raw materials
  • Money value of inputs and outputs
Q.13)-Aggregate net value of the output in 1 year is the-
  • National Income at factor cost
  • Groos Domestic Product at market price
  • Net National Product at market prices
  • Groos National Product at market price
Q.14)-National income accounting is the study of the income and expenditure of the entire-
  • Family
  • State
  • Economy
  • Organisation
Q.15)-Fish catch by indian fisher- men is the international waters are part of the GDP of-
  • Sri Lanka
  • India and Sri Lanka
  • India
  • India and Indonesia
Q.16)-In a highly developed country the relatives contribution of agriculture to GDP is-
  • Relative high
  • Relative low
  • Same as that of other sectors
  • Zero
Q.17)-To achieve high rates of growth of national Government output, the economy has to-
  • Reduce the rate of growth of population
  • Borrow foreign capital
  • Step up the rate of savings
  • Increase the rate of investment and reduce the capital output ratio
Q.18)-The national income of a country is
  • Government annual revenue
  • Total productive income
  • Surplus of the public sector enterprise
  • Export -(Loan) import
Q.19)-A firm sells new shares worth Rs. 1000 directly to individuals. This transaction will cause
  • Groos National product to rise by Rs. 101
  • Groos National product to rise by Rs. 1001
  • National Income to rise by Rs. 1001
  • No impact on Gross National product
Q.20)-Income and consumption are-
  • Inversely Related
  • Directly Related
  • Partially Related
  • Unrelated