Q.21)-Which one of the following is not a method of measurment of National Income?
  • Value Added Method
  • Income Method
  • Investment Method
  • Expenditure Method
Q.22)-Gross Profit means-
  • Total investment over total savings
  • Changes in methods of production
  • Changes in the form of buisness organisation
  • Total receipts over total expenditure
Q.23)-Which one of the following is the most appropriate reason for inequalities in income?
  • Racial factors
  • Lack of opportunities
  • Inheritance from family environment
  • Differences in ability
Q.24)-National Income include-
  • Financial help to earthquake victims
  • Pocket money of a child
  • Winning of a lottery prize
  • Construction of a new house
Q.25)-Which of the following is not included in the National Income?
  • Imputed rent of owner - occupied houses
  • Government expenditure on making new bridges
  • Winning a lottery
  • Commission paid to an agent for sale of house
Q.26)-What does National Income mean?
  • The total value of all goods and services produced in the country during a period of 1 year
  • The total value of all stocks and shares in the country during a period of 1 year
  • The total value of all capital goods produced in the country during a period of 1 year
  • The total value of all consumer goods produced in the country during a period of 1 year
Q.27)-The difference between the GNP and the NNP is equal to the-
  • Consumer expenditure on durable goods
  • Direct tax revenue
  • Indirect tax revenue
  • Capital depreciation
Q.28)-The National income of a country is-
  • Government annual revenue
  • Total productive income
  • Surplus of the public sector enterprise
  • Export and Import
Q.29)-The method of calculating the National Income by the product method is otherwise known as-
  • Income method
  • Value added method
  • Expenditure method
  • Net output method
Q.30)-What is the main function of Central Statistical Organisation (CSO)?
  • Determination of Money supply
  • Collection of estimates of national income
  • Collection of detail data regarding employment
  • Price Determination