Q.71)-Transfer payments include:
- Gifts received from a friend
- Rent free accomodation by the employer
- Net factor income from abroad
- Employee's contribution to social security
Q.72)-National Income is generated from:
- Any money-making activity
- Any laborious activity
- Any profit-making activity
- Any productive activity
Q.73)-Which of the following is deducted from GNP to arrive at NNP?
- Depreciation
- Interest
- Tax
- Subsidy
Q.74)-Transfer payments means-
- Old age pensions
- Unemployment compensations
- Social security payments
- All of the above
Q.75)-Economic progress of a country is determined by-
- Increase in per Capita Income of people country
- Increase in the price of produced capital goods during the year
- Increased numbers of Trade Unions
- Fall in the general price level of a country
Q.76)-The difference between the GNP and the NNP equals
- Corporate profits
- Personal taxes
- Transfer payments
- Depreciation
Q.77)-Which of the following is not an investment expenditure in goods and services?
- Expansion of the main plant of a company
- Purchase of a house
- Purchase of machinery
- An increase in business inventories
Q.78)-Which one of the following represents the savings of the Private Corporate Sector?
- Dividends paid to shareholders
- Total Profits of a company
- Undistributed profits
- Excess of income over expenditure
Q.79)-Which one of the following is not a method for computing GNP?
- Income Approach
- Expenditure Approach
- Savings Approach
- Value Added Approach
Q.80)-Average propensity to consume is defined as-
- Aggregate consumption total population
- Aggregate income Aggregate consumption
- Change in consumption Change in income
- Aggregate consumption Aggregate income