S.Y B.COM
SEMESTER - 3
MID SEMESTER EXAMINATION
MACRO ECONOMICS THEORY
(MET)
MCQs - OCTOBER 2013
(1) If the government follows a policy of balanced budget than:_______
(A) Revenue will be equal to expenditure
(B) Income will be greater than expenditure
(C) Revenue will be greater than expenditure
(D) None of the above
(2) GDP at factor cost is less than GDP at market price by the revenue raised through;
(A) Income tax
(B) Sales tax
(C) Estate duty
(D) Wealth duty
(3) In a closed economy which of the following sector is non existence:
(A) Household
(B) Government
(C) External
(D) Business
(4) Macroeconomics is not a study of:
(A) Unemployment
(B) Inflation
(C) Growth
(D) Price determination
(5) Which of the following Statement is true
(A) Real National Income is measured through deflator
(B) Investment Is a type withdrawal
(C) Foreign exchange reserves is a flow variable
(D) National Income is NNP at market price
(6) If income of residents abroad is Rs.750, indirect tax is Rs. 4000, subsidies is Rs.1500 and depreciation is Rs.3000 than the difference between GDP at MP and NNP at FC will be:
(A) Rs. 3705
(B) Rs. 4750
(C) Rs. 5750
(D) Rs. 5050
(7) Which of the following is not a transfer payment:
(A) Scholarship
(B) Flood relief
(C) Paid dividend
(D) Pension
(8) _______ Of the following which is not included in GDP:
(A) The sale of new car
(B) The sale of shirts
(C) Sale of shares
(D) Brokerage
(9) The following is an objective of monetary policy:
(A) To maintain price stability
(B) Reduce output
(C) To expand tax base
(D) To control growth
(10) Given the investment multiplier, the growth of national income will depend on:
(A) Change in savings
(B) Change in consumption
(C) Change in investment
(D) Change in tax rate
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