National Saving Officer Mcqs Page 2

11.	It is transfer payment:
	A. Payment of college tuition B. A social security payment C. Interest paid for a bank loan D. Payment for a leased car Answer: Option B

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12.	It is counted in GDP:
	A. Sale price of an old car B. Purchase of 100 shares of PSO C. A TV set produced this year but not sold D. The leisure people consume Answer: Option C

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13.	If government increases taxes, private savings:
	A. Increase B. Decrease C. Do not change D. Will become zero Answer: Option B

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14.	If C=200 and I = 40 then Y will equal to:
	A. 160 B. 240 C. 200 D. None of the above Answer: Option B

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15.	Corporate tax is levied on:
	A. Landlords B. Municipal corporations C. Big companies D. Importers Answer: Option C

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16.	If we deduct direct tax from personal income, we get:
	A. Net national income B. Personal saving C. Disposable income D. Per capita income Answer: Option C

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17.	The largest part of national income is:
	A. Consumption B. Investment C. Saving D. Transfer payments Answer: Option A

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18.	We measure national income by this method:
	A. Expenditure method B. Income method C. Product method D. All of the above Answer: Option D

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19.	Which statement is true?
	A. NNP = GNP - Depreciation B. NNP = NI C. NNP = DPI D. None of these Answer: Option A

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20.	Transfer payments means:
	A. Bank loans B. The payment without work C. Tax payments D. Payment made to all factors of production Answer: Option B