Part-A, Chapter-2 ➤ National Income Accounting 1. Why are the intermediate goods not included in the National Income while measuring National Income? To avoid double accounting It decreases income Intermediate goods are not good All of these 2. Employment Theory is related to : Static Economics Micro Economics Macro Economics None of these 3. Which one is included in the three-sector model? Family Firm Government All of these 4. For a four sector or open economy the condition for equilibrium is: Savings + taxes + Imports = Investment + govt, expenditure + exports Total Leakages = Total Injections Aggregate output = Aggregate Expenditure All of these 5. Which one of the following is included in ‘Stock’? Quantity of Money Wealth Quantity of wheat stored in a warehouse All the above 6. Which of the following is the method of measuring National Income? Income method Product method Expenditure method All of these 7. Which sector is included in an economy? Primary Secondary Tertiary All of these 8. Macro Economics Studies: Employment opportunities in the economy Theory of supply of Commodities Elasticity of demand in Scooter Price of wheat in the market 9. Which one is included in National Income? Rent, Wage, Interest Rent, Wage, Salary Rent, Profit, Interest Rent, Wage, Salary, Interest, Profit 10. Which one is true? GNP = GDP + Depreciation NNP = GNP + Depreciation NNP = GNP – Depreciation GNP = NNP – Depreciation Loading … Question 1 of 10
