National and Per Capita Income AFCAT Questions

AFCAT Indian Economy

National and Per Capita Income MCQ Questions


13.
Which of the following is an example of transfer payment?
A.
Pensions
B.
Salaries
C.
Interest payments
D.
Profit
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ANSWER :
A. Pensions
14.
Per capita income helps to compare ______________.
A.
Living standards
B.
Government revenue
C.
Tax collection
D.
Export performance
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ANSWER :
A. Living standards
15.
GDP at market price includes ______________.
A.
Indirect taxes
B.
Subsidies
C.
Both taxes and subsidies
D.
Intermediate consumption
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ANSWER :
A. Indirect taxes
16.
Which component is subtracted while calculating GDP at factor cost?
A.
Final goods
B.
Indirect taxes
C.
Services
D.
Profits
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ANSWER :
B. Indirect taxes
17.
Net Domestic Product is GDP minus ______________.
A.
Net factor income
B.
Depreciation
C.
Indirect taxes
D.
Subsidies
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ANSWER :
B. Depreciation
18.
The concept of GDP was first introduced by ______________.
A.
Amartya Sen
B.
Simon Kuznets
C.
John Maynard Keynes
D.
Adam Smith
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ANSWER :
B. Simon Kuznets