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Economic MCQ Questions with answers

Here Important Economic MCQ questions are added which are frequently asked in almost all the examinations. You can check the correct answer of any question on clicking the show answer button or on option itself. The Correct answer will be displayed below. You can share any question with your friends on whatsapp by tapping whatsapp button.

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Learn Economic MCQs [Page 1 of Department 2]

1) The total value of goods and services produced in a country during a given period is–

(A) Disposable Income

(B) National Income

(D) Net National Income

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Correct Answer - Option (B)

No Explanation found. Add Explanation and get +2 points.

2) An individual’s actual standard of living can be assessed by–

(A) Gross National Income

(B) Net National Income

(D) Disposable Personal Income

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Correct Answer - Option (C)

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3) A rising Per Capita Income will indicate a better welfare, if it is accompanied by–

(A) changed income distribution in favour of rich

(B) unchanged income distribution overall

(D) changed income distribution in favour of industrial labour

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Correct Answer - Option (C)

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4) Which one of the following is not method of estimating Nations Income?

(A) Expenditure method

(B) Product method

(D) Income method

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Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

5) National Income Estimates in India are prepared by–

(A) National Development Council

(B) National Productivity Council

(D) Central Statistical Organisation

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Correct Answer - Option (D)

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6) National Income include–

(A) financial help to earthquake victims

(B) pocket money of a child

(D) construction of a new house

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Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

7) Depreciation is equal to–

(A) Gross National Product — Net National Product

(B) Net National Product — Gross National Product

(D) Personal Income — Personal Taxes

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Correct Answer - Option (A)

No Explanation found. Add Explanation and get +2 points.

8) Net National Product (NNP) of a country is–

(A) GDP minus Depreciation allowances

(B) GDP plus Net Income from abroad

(D) GNP minus Depreciation allowances

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Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

9) Personal Disposable income is–

(A) Always equal to Personal Income

(B) Always more than Personal Income

(D) Equal to Personal Income minus Direct Taxes

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Correct Answer - Option (D)

No Explanation found. Add Explanation and get +2 points.

10) Which of the following is not included in the National Income?

(A) Imputed rent of owner-occupied houses

(B) Government expenditure on making new bridges

(D) Commission paid to an agent for sale of house

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Correct Answer - Option (C)

No Explanation found. Add Explanation and get +2 points.

You are learning MCQ Questions of Economic Department : 2 | Page : 1

Departments: Each department has 100 Multiple choice questions.

Economic MCQ Questions with answers

Learn Economic MCQs [Page 1 of Department 2]

1) The total value of goods and services produced in a country during a given period is–

2) An individual’s actual standard of living can be assessed by–

3) A rising Per Capita Income will indicate a better welfare, if it is accompanied by–

4) Which one of the following is not method of estimating Nations Income?

5) National Income Estimates in India are prepared by–

6) National Income include–

7) Depreciation is equal to–

8) Net National Product (NNP) of a country is–

9) Personal Disposable income is–

10) Which of the following is not included in the National Income?

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Economic MCQ Questions with answers

Learn Economic MCQs [Page 1 of Department 2]

1) The total value of goods and services produced in a country during a given period is–

2) An individual’s actual standard of living can be assessed by–

3) A rising Per Capita Income will indicate a better welfare, if it is accompanied by–

4) Which one of the following is not method of estimating Nations Income?

5) National Income Estimates in India are prepared by–

6) National Income include–

7) Depreciation is equal to–

8) Net National Product (NNP) of a country is–

9) Personal Disposable income is–

10) Which of the following is not included in the National Income?

Select Subject

Attempt 50+ Quizzes on Economic

Choose Examination

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