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National income MCQ’s Online Preparation Test 5

National income means the total amount of money earned within a country. You can prepare for National income MCQ’s Online Test from NTS Test Preparation.

Instructions:           

  1. Each question is of 2 marks, each test contains 10- 15 questions.
  2. Choose the right answer.
  3. To check, click on the ‘see answer’ button.
  4. Click on Submit button for result.
  5. Attempt other questions for preparation.

 

Online MCQs Preparation 5 National income

1. Which of the following is not included in personal income:
a) Interest received from saving certificates
b) Social security benefits
c) Interest received from saving certificates
d) Undistributed corporate profits

2. Investment spending includes the purchase of:
a) Govt. bonds
b) Residential construction
c) Stocks
d) All

3. National income is a measure of:
a) Payments made to factors of production
b) Total production of goods in a period
c) Total increase in wages in a year
d) The size of government revenue

4. Which of the following would not be included in GNP:
a) Salary paid for the presidents secretary
b) Govt. transfer payments
c) Govt. purchase of an airplane
d) Payment for construction of state high way

5. National income is:
a) NNP minus the capital consumption allowance
b) Sum of disposable personal income and saving
c) Total income spent in the economy
d) Total income earned in producing the national product

6. Which of the following would increase the level of national income:
a) An increase in exports
b) A reduction in government spending
c) An increase in taxation
d) A reduction in consumer spending

7. Traffic fines are:
a) Included in NI but not in PI
b) Part of personal consumption spending
c) Included in PI but not in disposable PI
d) Excluded from national income accounts

8. Which of the following would not be included in GNP:
a) Payment for construction of state high way
b) Salary paid for the presidents secretary
c) Govt. purchases of an airplane
d) Govt. transfer payments

9. Net exports are:
a) Total exports minus total imports
b) Total imports minus total exports
c) Total exports plus total imports
d) Total exports divided by total imports

10. Govt. transfer payment include:
a) Welfare benefits
b) Social security benefits
c) Student scholarships
d) All

11. Consumption spending does not include:
a) Household purchase of food
b) Household purchase of car
c) Household purchase of stock in any XYZ corporation
d) Household payment of a rent for an apartment

 National income MCQ’s Online Preparation Test 6  Click Here
Updated: May 19, 2018 — 9:23 pm

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