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- 1. Multiple Choice
Transfer payments refer to payments, which are made:
Without any exchange of goods and services.
To workers on transfer from one job to another.
As compensation to employees
None
- 2. Multiple Choice
Net domestic product at factor cost is also known as:
Domestic Income
Gross national product
National income
Personal income
- 3. Multiple Choice
In GNP calculation which of the following should be excluded?
Rental income
Interest payment
Dividends
Government transfer payments.
- 4. Multiple Choice
Output means ................ unless stated otherwise.
Gross output at MP
Net output at MP
Gross output at FC
None
- 5. Multiple Choice
Which of the following method/s is/are used to calculate national income in India.
Production method
Expenditure method
Income method
All the above
- 6. Multiple Choice
The national income estimation is the responsibility of
NSSO
CSO
Finance ministry
National income committee
- 7. Multiple Choice
The most appropriate measure of a country's economics growth is
GDP
NDP
Per capita real income
GNP
- 8. Multiple Choice
Which ministry is responsible for calculating GDP in india?
Ministry of finance
Ministry of commerce and industry
Ministry of central statistical and program implementation
Ministry of consumer affairs
- 9. Multiple Choice
What base year is used to calculate per capita income in India?
2004-05
2011-12
2001-2002
2014-15
- 10. Multiple Choice
Which is not added in the calculation of national income of india.
The value of goods and services.
The sold value of old fridge
Services rendered by the housewives
Both b and c
- 11. Multiple Choice
Which one of the following institution is not a bank.
HDFC
LIC
UTI
All of them
- 12. Multiple Choice
In order to control credit in the country, the RBI may......
Buy securities in the open market
Sell securities in the open market
Reduce CRR
Reduce Bank rate
- 13. Multiple Choice
Which of the following agency is responsible for issuing ₹1 currency note in India?
RBI
Ministry of commerce.
Ministry of finance.
Niti Aayog.
- 14. Multiple Choice
Who is called the "bank of issue"?
RBI
SBI
IDBI
ICICI
- 15. Multiple Choice
Who is the custodian of national reserves of international currency?
SBI
IDBI
RBI
ICICI
- 16. Multiple Choice
In order to discourage investment in the economy, the RBI may,
Increase bank rate.
Decrease bank rate.
Buy securities in the open market.
Decrease CRR.
- 17. Multiple Choice
If MPC=1, the value of multiplier is:
0
1
Between 0 and 1
Infinity
- 18. Multiple Choice
What can be the maximum value of investment multiplier?
5
Infinity
4
2
- 19. Multiple Choice
What can be the minimum value of investment multiplier?
0
1
2
5
- 20. Multiple Choice
If MPC and MPS are equal, value of multiplier is:
2
1
5
3
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