NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc.: Economics MCQs (Practice_Test 96 of 122)
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- Which one of the following statements is correct? To derive disposable income from National Income, one has to
- deduct income taxes and add transfer payments.
- deduct income taxes and deduct transfer payments.
- add income taxes and add transfer payments.
- add income taxes and deduct transfer payments.
- Match List-I with List-II and select the correct answer using the code given below the lists:
Table Supporting: NET, IAS, State-SET (KSET, WBSET, MPSET, Etc.) , GATE, CUET, Olympiads Etc. : Economics MCQs (Practice_Test 96 of 122) List-I (Concept) List-II (Economist) - Liquidity trap
- Demonstration effect
- Permanent income hypothesis
- Wealth effect
- M, Friedman
- A. C. Pigou
- J. Duesenberry
- J. M. Keynes
- A
- B
- C
- D
- 4
- 3
- 1
- 2
- 1
- 2
- 4
- 3
- 4
- 2
- 1
- 3
- 1
- 3
- 4
- 2
- Given % change in nominal GNP = 18% change in population = 0.5% change in price level 1.3 What is the approximate percentage change in real per capita GNP?
- Zero
- 0.5
- 1.0
- 1.3
- Which one of the following statements is correct? Value of output and value-added can be distinguished if we know
- the value of intermediate inputs
- the value of net indirect taxes
- the value of imports
- the value of consumption of fixed capital
- There are 2 assets A and B in which one can invest his saving of ₹ 1,000/-
Assume that there is no risk and interest rate is 10%
Asset A gives a return of ₹ 100/-in perpetuity.
Asset B gives ₹ 200/-at the end of year 1 and ₹ 900/-at the end of the year 2.
Which one of the following statements is correct?
- Present value of A and B are the same.
- Present value of B is higher than that of A.
- Present value of A is higher than that of B.
- Information is inadequate to determine the present values of A and B.