Economics Multiple Choice Questions (MCQs) and Answers

1. Income per worker
2. Income Per Head
3. Income per household
4. Income per Industrial Unit

1. Personal Saving
2. NI
3. Per Capita Income
4. DPI
5. None of the above

1. Such payments are made to persons living abroad
2. They are illegal
3. Double counting would result
4. None of the above

1. count all imports
2. Add up all savings
3. Add up the values of goods and services during one year
4. Add up the value of Semi-finished goods

1. Prices of Goods are rising
2. National saving increases
3. Quantity of goods and services increases
4. None of the above

1. Construction of a house
2. Purchase of an old house
3. salaries of college professors
4. None of the above

1. Construction of a house
2. Bonus of bank employees
3. Unemployment allowance paid by govt
4. None of the above

1. Less than NNP
2. Greater than NNP
3. Equal to NNP
4. None of the above

Ans:- Greater than NNP

1. Money , capital , salaries and income
2. Wages , rent , interest and profits
3. Money, Power , Price and wealth
4. Wages,interest , salaries and profits

Ans:-  Wages , rent , interest and profits

1. payment of college tuition
2. A social security payment 
3. Interest paid for a bank loan
4. None of the above