Chapter 6 Determination of National Income Quiz

CA Foundation Chapter 6 Determination of National Income Quiz 1

1 / 20

Which of the following is a method to measure the National Income?

2 / 20

Which of the following is the correct term for calculating National Income at the market prices?

3 / 20

The difference between the National Income and the Net National Product at market price is known as _______.

4 / 20

Which of the following is the actual definition of transfer payments?

5 / 20

Which of the following is the employment theory related to?

6 / 20

Which of the following items are not included while measuring the Gross National Product?

7 / 20

Which of the following is the correct term for calculating National Income at constant prices?

8 / 20

Which of the following is the correct definition for the Gross Domestic Product (GDP) of a country?

9 / 20

Which of the following organisations calculate the Gross Domestic Product in India?

10 / 20

Which of the following is true for Disposable Income?

11 / 20

Which of the following is another term for the Net National Product at factor cost?

12 / 20

Which of the following is not a part of the National Income?

13 / 20

Which of the following is true for Inflation?

14 / 20

Which of the following is not needed while considering the Gross National Product?

15 / 20

Which of the following is the definition of a closed economy?

16 / 20

Which of the following is true for the National Income of a country?

17 / 20

Which of the following is true for Net National Income?

18 / 20

The primary sector within a country for the calculation of National Income includes __________.

19 / 20

Which of the following is included in the National Income of a country?

20 / 20

What is the consumption of Fixed Capital known as?

Your score is

The average score is 55%

0%

CA Foundation Chapter 6 Determination of National Income Quiz 2

1 / 20

The value of NNP at production point is called

2 / 20

The average income of a country is called

3 / 20

Which of the following is considered as financial year in India?

4 / 20

Consider the following statements and identify the right ones.

i National income is the monetary value of all final goods and services produced.

ii. Depreciation is deducted from gross value to get the net value

5 / 20

What is the net value of GDP after deducting depreciation from GDP (Gross domestic product)?

6 / 20

When depreciation is deducted from GNP, the net value is

7 / 20

The value of NNP at consumer point is called the

8 / 20

If we compare GDP and GNP, then:

9 / 20

There are methods of measuring national income:

10 / 20

Which statement is true?

11 / 20

Which sector contributes the most to India’s economy in terms of GDP?

12 / 20

Which is not added in the calculation of national income of India?

13 / 20

Personal income includes:

14 / 20

To avoid double counting when GDP is estimated, economists:

15 / 20

Which is a flow concept:

16 / 20

Which is the largest figure:

17 / 20

Select the correct statement:

18 / 20

Personal income includes:

19 / 20

If savings exceed investment then:

20 / 20

This statement is true

Your score is

The average score is 48%

0%

CA Foundation Chapter 6 Determination of National Income Quiz 3

1 / 20

Which Ministry is responsible for calculating GDP in India?

2 / 20

Which state of India currently has the highest Per Capita Income?

3 / 20

Output means. ……………unless stated otherwise

4 / 20

Which is not added in the calculation of national income of India?

5 / 20

If the contribution of the agricultural sector is decreasing in a country’s economy, then what conclusion can be drawn?

6 / 20

Which sector contributes the most to India’s economy?

7 / 20

How much does the primary sector contribute to India’s GDP?

8 / 20

Which of the following is not true about final goods ?

9 / 20

An Indian farmer produces wheat without incurring cost of inputs all sells for Rs. 1,000 to a miller who grinds wheat into flour and sells for Rs 1,200 to baker. The baker sells bread to consumers for Rs. 1,600. Total added is Rs.

10 / 20

If factor cost is greater than marker price, it means that

11 / 20

Which of the following is not a component of domestic income?

12 / 20

If factor cost is greater than marker price, it means that

13 / 20

Goods which are not used in the production of other goods are called:

14 / 20

Piyush’s mother is a teacher. She also teaches Piyush. How would you treat this white calculating national income and domestic income ?

15 / 20

Which of the following is a synonym of “Undistributed Profits”?

16 / 20

Which out of the following is not included in estimation of NI?

17 / 20

Following is an example of final good:

18 / 20

Depreciation is the:

19 / 20

Which of following is not an intermediate goods?

20 / 20

Which of following is not included in national income ?

Your score is

The average score is 58%

0%

CA Foundation Chapter 6 Determination of National Income Quiz 4

1 / 27

Which of following is not a final good?

2 / 27

Which of following is not a part of national income?

3 / 27

Net national product at factor cost is also known as:

4 / 27

National Income differs from Net National Product at market price by the amount of:

5 / 27

Transfer payments refer to payments, which are made:

6 / 27

Transfer payments refer to payments, which are made:

7 / 27

Product method of calculating national income is also known as:

8 / 27

A consumption function describes the relation between ­­­­________& ________.

9 / 27

Marginal Propensity to Consume is the change in consumption per unit change in_______.

10 / 27

The marginal propensity to consume may be explained as a rate of change of consumption as income changes.

11 / 27

National Income differs from Net National Product at market price by the amount of:

12 / 27

In GNP calculation which of the following should be excluded?

13 / 27

Consider the following equation with reference to National Income:
National income (market cost) – National Income (factor cost) = ______________

14 / 27

GDP that takes into account the costs in terms of environmental pollution and exploitation of natural resources is called________.

15 / 27

The GDP estimation method measuring the aggregate value of goods and services produced by the firms is called_____.

16 / 27

The National Statistical Office said the estimated annual per capita at current prices for 2022-2023 stands at_________.

17 / 27

Gross Domestic Product Less depreciation is_____________.

18 / 27

If we deduct depreciation from GNP the measures of aggregate income that we obtain is called________.

19 / 27

The GDP deflator is also called:

20 / 27

__________ is assessment of economic production in any economy that includes current prices in its calculations.

21 / 27

Net National Product (NNP) at Factor cost is

22 / 27

Which of the following organisation calculates Gross Domestic Products (GDP) in India?

23 / 27

In India, National Income is computed by which of the following?

24 / 27

The Income left with the people after the payment of personal direct taxes is called

25 / 27

As per Central Statistics Office (CSO), which is the present base year of IIP calculations?

26 / 27

Which among the following is included in the gross domestic product?

27 / 27

The GNP estimation method measuring the aggregate value of goods and services produced by the firms is called ______.

Your score is

The average score is 63%

0%