National Income MCQ. We covered all the National Income MCQs in this post for free so that you can practice well for the exam.
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National Income Objective for Students
One of the problems in calculating National Income in India is:
(a) Under-employment
(b) Inflation
(c) Low level of savings
(d) Non-monetised consumption
Option d – Non-monetised consumption
Which one of the following equals Personal Disposable Income?
(a) Personal Income – Direct taxes paid by households and miscellaneous fees, fines, etc.
(b) Private Income Saving of Private Corporate Sectors – Corporation Tax
(c) Private Income – Taxes
(d) Total expenditure of Households Income Tax – Gifts received
Option a – Personal Income – Direct taxes paid by households and miscellaneous fees, fines, etc
An increase in absolute and per capita real GNP does not connote a higher level of economic development, if:
(a) Industrial output fails to keep pace with agricultural output.
(b) Agricultural output fails to keep pace with industrial output.
(c) Poverty and unemployment increase.
(d) Imports grow faster than exports.
Option c – Poverty and unemployment increase
In National Income (NI) accounts, Personal Income (PI) is defined as:
(a) NI-undistributed profits – net interest payments made by households corporate tax + transfer payments to the households from the government and firms
(b) NI- undistributed profits corporate tax + transfer payments to the households from the government and firms
(c) undistributed profits – net interest payments made by households + transfer payments to the households from the government and firms
(d) undistributed profits – net interest payments made by households – corporate tax
Option a – NI-undistributed profits – net interest payments made by households corporate tax + transfer payments to the households from the government and firms
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