National Saving Officer Mcqs Page 7

61.	GNP is always:
	A. Less than NNP B. Greater than NNP C. Equal to NNP D. Greater in many years but less in others Answer: Option B

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62.	The four factor payments are:
	A. Money, capital, salaries, and income B. Wages, rent, interest and profits C. Money, power, prices and wealth D. Wages, interest, salaries and income Answer: Option B

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63.	Macroeconomics is concerned with:
	A. Aggregate economic activity B. Spending decisions of households C. How to produce goods D. How to but stocks and bonds Answer: Option A

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64.	Which of the following is not macroeconomics:
	A. Inflation B. Unemployment C. The level of output in the economy D. Level of wages in garment industry Answer: Option D

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65.	A closed economy is best described as one in which:
	A. There are no monopolies B. No corporations C. No externalities D. No international trade Answer: Option D

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66.	In economics, one or more persons living in a joint family are called a:
	A. Business firm B. Social gathering C. Super family D. Household Answer: Option D

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67.	The largest type of income in the Pakistan is:
	A. Compensation f employees B. Proprietors income C. Rental income D. Corporate profits Answer: Option A

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68.	An open economy:
	A. Must be a democracy B. Is one without taxes C. Is that interacts with other economies D. Means world economy Answer: Option C

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69.	Which of the following is transfer payment:
	A. Paument of college tuition fee B. Payment for social security C. Payment of interest D. Payment for a leased car Answer: Option B

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70.	Which of the following is counted in GDP:
	A. Sale of used car B. Purchase of shares of PSO (company) C. A TV set produced this year but not sold D. The leisure enjoyed by people Answer: Option C