A- Multiple Choice Questions : (1x6=6)
1. Study of general price level is a subject matter of :
(a) Microeconomics (b)Macroeconomics (c) Both a and b (d) None of these
2. Economics agents include :
(a) Government (b) Consumers (c) Producers (d) All of these
3. Those goods which satisfy human wants directly are called :
( a) Intermediate goods (b) Consumer goods (c) Capital goods (d) None of these
4. In the production of sugar, sugarcane is :
(a) A final good (b) Capital good (c) An intermediate good (d) None of these
5. Domestic product is equal to :
(a) National product + Net factor income from abroad
(b) National product - Net factor income from abroad
(c) National product Net factor income from abroad
(d) National product Net factor income from abroad
6. National income (NNPFC) is equal to :
(a) GNPFC + Depreciation (b) GNPFC + Depreciation
(c) NNPMP – Net in direct taxes (d) Both b and c
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Answer:
1 (b) macro economics
2 (d) all of these
3 (b) consumer good
4 (c) intermediate good
5 (b) national product - new factor income from abroad
6 (option is wrong ) correct answer - GNPFC - Depreciation
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