[{"id":148168,"question":"For knowing the spending capacity of the household sector, we have to use the concept of:","choices":[{"text":"National income","value":"A"},{"text":"Personal income","value":"B"},{"text":"Private income","value":"C"},{"text":"Personal disposable income","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":148167,"question":"Double counting in national income refers to:","choices":[{"text":"Counting a product more than once","value":"A"},{"text":"Counting a product at the final stage of output process","value":"B"},{"text":"Counting both as product and as factor payment","value":"C"},{"text":"Counting both as real goods and as money flow","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":148166,"question":"Which of the following event will lead towards cost-push inflation and therefore stagflation?","choices":[{"text":"An increase in taxes on individuals","value":"A"},{"text":"A decrease in real interest rates","value":"B"},{"text":"A union settlement that increases wage levels","value":"C"},{"text":"An increase in government purchases","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":148165,"question":"Which of the following is true about supply curve under monopoly?","choices":[{"text":"It is same as the competitive market supply curve","value":"A"},{"text":"It is the portion of marginal cost curve where marginal costs exceed the minimum value of average variable costs","value":"B"},{"text":"It is the result of market power and production costs","value":"C"},{"text":"None of the given statements is true","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":148164,"question":"If we compare Gross Domestic Product (GDP) with Gross National<div>1. Product (GNP) then:</div>","choices":[{"text":"GNP = GDP - Net income from abroad","value":"A"},{"text":"GNP = GDP + Net income from abroad","value":"B"},{"text":"GNP = NNP - Net income from abroad","value":"C"},{"text":"GNP = NNP + Net income from abroad","value":"D"},{"value":"E"}],"correctAnswer":2}]