National Saving Officer Mcqs

1.	NI = NE is an:
	A. Equation B. Identity C. Function D. None of these Answer: Option B

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2.	Per capita income is:
	A. Income per worker B. Income per head C. Income per household D. Income per industrial unit Answer: Option B

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3.	If indirect taxes are deducted from NNP and subsidies are added, we achieve:
	A. Personal savings B. DPI C. NI D. Per capita income Answer: Option C

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4.	Transfer payments are not included in national income because:
	A. Such payments are made to persons living abroad B. Double counting would result C. They are illegal D. There is no method to account for these Answer: Option B

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5.	To determine the correct level of GNP, it is necessary to:
	A. Add up the values of goods and services during one year B. Add up all savings C. Count all imports D. Add up the value of semi finished goods Answer: Option A

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6.	Real national income increases when:
	A. Prices of goods are rising B. National savings increase C. Quantity of goods and services increases D. None of the above Answer: Option C

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7.	It is considered as investment:
	A. Construction of a house B. Purchase of an old house C. Salaries of college professors D. Both (a) & (b) Answer: Option A

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8.	It is considered as transfer payments:
	A. Salaries of employees B. Bonus of bank employees C. Free medical care to officers D. Unemployment allowance paid by govt. Answer: Option D

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9.	GNP is always:
	A. Less than NNP B. Greater than NNP C. Equal to NNP D. Any of (a), (b), (c) Answer: Option B

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10.	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 Pages  1  2  3  4  5  6  7  8  9  10