National Saving Officer Mcqs Page 9

81.	Which statement is true?
	A. Nationl Expenditure = National income B. Nationl Expenditure = National income + National savings C. Nationl Expenditure = National income + Taxes D. Nationl Expenditure = National income - Taxes Answer: Option A

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82.	Which statement is true?
	A. National Income = National expenditure - indirect taxes B. NI = GNP - NNP C. NI = NNP - indirect taxes D. NI = PI Answer: Option C

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83.	There are methods of measuring national income:
	A. 5 B. 2 C. 1 D. 3 Answer & Explanation Answer: Option D

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84.	If we compare GDP and GNP, then:
	A. GNP = GDP - net income from abroad B. GNP = GDP + net income from abroad C. GNP = NNP - net income from abroad D. GNP = NNP + net income from abroad Answer: Option B

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85.	It is deducted from GNP to get NNP:
	A. Indirect taxes B. Depreciation C. Direct taxes D. Transfer payment Answer: Option B

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86.	It is added to GDP to get GNP
	A. Depreciation allowance B. Direct taxes C. Subsidies D. Net income from abroad Answer: Option D

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87.	Select the correct statement:
	A. Transfer payment are included in national income B. Depreciation allowance is a part of GNP C. Taxes are not included in NNP D. GDP means Gross Direct Production Answer: Option B

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88.	Which is the largest figure:
	A. NNP B. GNP C. DPI D. PI Answer: Option B

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89.	Which is a flow concept:
	A. Number of my shirts B. My total wealth C. My monthly income D. Money supply Answer: Option C

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90.	To avoid double counting when GDP is estimated, economists:
	A. Use GDP deflator B. Calculte value added at each stage of production C. Use retail prices D. Use price of only intermediate goods Answer: Option B