Question 1 :
The following statements true or false? Give reasons.<br>In final goods, no value is to be added. <br>
Question 7 :
Circular flow of income does not take place in case of closed economy.
Question 9 :
Real flow refers to the flow of factor services from ______ to ________.
Question 18 :
Choose the correct answers from the alternatives given.<br/>National Income estimates in India are prepared by _________________.
Question 20 :
Which of the following is not a category of inputs traded on the factor market?
Question 23 :
The following statement is true or false? Give reasons.<br/>Butter is only a final product. <br/>
Question 28 :
State which of the following refers to the macro approach from a national angle.
Question 31 :
Domestic product includes contribution of only resident producers within the domestic territory of the country.
Question 33 :
Addition to the capital stock of an economy is termed as ______________.
Question 34 :
The following statement is true or false? Give reasons.<br/>Final goods include only those goods which are consumed by the households. <br/>
Question 35 :
The following statements true or false? Give reasons.<br>End-use of the goods categorise the goods as intermediate goods and final goods. <br>
Question 39 :
Are the following statements true or false? Give reasons.<br>Goods produced for self-consumption will be included in national income. <br>
Question 42 : <p>Which one is not a major cause of income inequality in India? </p>
Question 44 : <p>Net outcome at the year end of the total import and export is called _________.</p>
Question 47 :
Are the following statements true or false? Give reasons.<br/>Real gross domestic products can be equal to nominal gross domestic product.
Question 49 : <p>IMF ranks countries based on purchasing power parity and what is the rank of India according to it _________.</p>
Question 50 :
The following statements true or false? Give reasons.<br>Both 'Expected Obsolescence' and 'Unexpected Obsolescence' are considered for determining the amount of depreciation.<br>
Question 52 :
The factor cost method of estimating national income includes which of the following?
Question 53 :
An increase in national income because of an increase in price is called ________.
Question 56 :
Domestic Income of a country can be more than its National Income.
Question 58 :
The credit for the development of macroeconomic approach must go to ______.
Question 60 :
Which of the following are not traded in the product market?
Question 63 :
Generation and distribution are the two phases in circular flow of income.
Question 65 :
In India, the growth rate of per capita income at current prices is higher than that of per capita income at constant prices, because the later ______________.
Question 67 :
Which of the following is a phase of circular flow of income?
Question 71 :
Are the following statements true or false? Give reasons.<br>Nominal GDP can never be less than Real GDP.
Question 72 :
GNP is a poor measure of welfare because it does not show ____________.
Question 73 : <p>Per capita income is obtained by dividing which of the following with total population ___________.</p>
Question 74 :
From the following information, compute $GNP_{MP}$.<br/>$GDP_{FC} = Rs. 3,000$; Net factor income to abroad $= Rs. 200$; Indirect Taxes $= Rs. 420$, Subsidies $=Rs. 200$. 
Question 75 : <p>Decrease in an assets value caused by unfavorable market conditions is called _________.</p>
Question 76 :
Which of the following is not a recognized way to be an entire sector of an economy?
Question 77 :
Which of the following is not a characteristic of a 'firm' that is a key group in a two-sector model?
Question 78 :
If factor income received from abroad is equal to factor income paid abroad, then which of the following is not a valid statement?
Question 82 :
If we add _______ to net domestic production we get GDP. 
Question 83 :
Many a times we read a term in financial newspapers -GDR. What is the full form of the same?
Question 87 :
Which of the following is not a component of operating surplus?
Question 91 :
National income of a country divided by its total population is known as______.
Question 93 : <p>National income is an income which can be measured in terms of money. This definition was given by which of the following economist ________.</p>
