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