| 1 |
------------ is not included in gross domestic product |
- A. Private investment
- B. Income received from foreign country
- C. Depreciation allowance
- D. Govt. investment
|
| 2 |
Which is not counted in national income |
- A. Interests
- B. transfer payments
- C. Profits
- D. Rents
|
| 3 |
In the long run monopolist earns profit: |
- A. Normal
- B. Abnormal
- C. Super normal
- D. Both b and c
|
| 4 |
Under Monopoly, a firm is in equilibrium position when Ed is: |
- A. Equal to unity
- B. Less than unity
- C. Grater than unity
- D. Both b and c
|
| 5 |
Under monopoly the price is always equal to: |
|
| 6 |
Oligopoly means: |
- A. Single seller
- B. Two seller
- C. Multiple sellers
- D. Multiple buyers
|
| 7 |
To measure national income is used |
- A. Product method
- B. Incomes of the factor method
- C. Expenditure method
- D. All the three
|
| 8 |
Which one of the following is not included in the methods of measuring national income |
- A. Method of total according to market prices
- B. Method of total of incomes
- C. Method of total of domestic necessities and desires
- D. Method of total expenditures
|
| 9 |
Equilibrium level of national income means that point where |
- A. Consumption = saving
- B. Consumption = investment
- C. Income = saving + investment
- D. Saving = Investment
|
| 10 |
In the long run firms mostly earn normal profit in: |
- A. Perfect competition
- B. Oliogopoly
- C. Monopoly
- D. Duopoly
|
