Question # 1

Personal income includes.

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Direct taxes

Indirect taxes

Depreciation

None of the above

Threre are methods of measurieng natinal income

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5

4

2

3

Whis is the largest figure

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NNP

GNP

DPI

PI

Transfer payments means.

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Bank loans

The payment without work

Payments made to all factors of production

Tax payments

To determine the correct level of GNP ,it is necessary to.

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Add up the values of goods and services during one year

Add up allsavings

Count all imports

Add up the value of semi finished goods

It is avoided to make correct estimate of national income.

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Free services

Double counting

Export earnings

All of the above

It is considred as transfer payments

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Salaries of govet emplyees

Bonus of bank employees

Inemployment allowance paid by govt

Free medical are to offers.

In calculating national income which one will NOT be included.

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Exports

Old age pensions

Wages of lecturer

Undistributed profit by firms

Circular flow of income links

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Income expenditure

Govt taxes govt expenditure

Exports ,imports

Saving and investment

Direct taxes are not included in

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DPI

PI

NNP

a and c above

National income is a measure of

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The zise of government revenue

Payments made to facor of production

Production f goods per day

Total working hours

It is considered as investment

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Construction of a house

Purchase of an old house

Salaries of college professors

a and b above

In economics one of more persons living in a joint family are called a

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Community

Social gathering

Super family

Household

Govt. transfer payment include

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Social security benefits

Welfare benefits

Student scholarships

All of the above

Total value of allfinal goods andservices produced annually by a country.

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NNP

GNP

GDP

NI

If we deduct direct tax from personal income we get.

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Net National income

Disposable income

Personal saving

Per capital income

Corporae tax is levied on

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Landdlords

Inporters

Big companies

Municipal corporations

The largest type of income in the Pakistan is

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Compensation of employees

Rental income

Proprietors income

Coporate profits

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