National Saving Officer Mcqs Page 6

51.	In calculating national income which one will not be included:
	A. Exports B. Undistributed by firms C. Wages of a lecturer D. Old age pensions Answer: Option D

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52.	In circular flow model
	A. Households own the resources B. There are never international transactions C. Household income is limited to wages and salaries D. Financial markets ensure that the federal govt.'s budget is balanced annually Answer: Option A

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53.	A country is poor if it has:
	A. Less production of goods per capita B. Less amount of gold C. Less amount of foreign currency D. Less exports Answer: Option A

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54.	A country is poor if it has:
	A. Less amount of gold B. Less amount of local currency C. Less amount of foreign currency D. Less GNP per capita Answer: Option D

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55.	It is transfer payment:
	A. Bus fare B. College fee C. Pension D. Salary Answer: Option C

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56.	They have a functional relation
	A. Consumption and national income B. Consumption and saving C. Consumption and investment D. All of the above Answer: Option A

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57.	This is NOT a method of measure national income:
	A. By adding all incomes B. By adding all expenditure C. By adding money value of all production D. By adding all money supply in the country Answer: Option D

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58.	Gross national product includes:
	A. A loan from one's parents B. A loan from a domestic bank C. A loan from, other countries D. None of the above Answer: Option D

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59.	It is considered as investment in national accounting:
	A. Construction of a house B. Purchase of a running hotel C. Purchase of a new shirt D. Increase in salaries of professors Answer: Option A

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60.	It is considered as transfer payment:
	A. Salary of an employee B. Bouus paid to bank employees C. Payment of house rent D. Unemployment allowance paid by govt. Answer: Option D