Description : Rate of growth of an economy is measured in term of: A. National Income B. Per Capita Income C. Number of people who have been lifted above the poverty line D. Industrial Development
Last Answer : A. National Incom
Description : An underdeveloped economy is characterized by A. High per capita real income B. Large proportion of labor force in the tertiary sector C. State of deprivation of large proportion of population D. All the above
Last Answer : C. State of deprivation of large proportion of population
Description : Which of the following explains the term economic growth? A. Increase in per capita production B. Increase in per capita real income C. Structural change in the economy D. All the above are right
Last Answer : D. All the above are right
Description : Which of the following explains economic growth: A. Increase in per capita production B. Increase in per capita real income C. structural change in the economy D. all the above are right
Last Answer : D. all the above are right
Description : Which state has the highest Per Capita Income in India? A. Delhi B. Punjab C. Bihar D. Goa
Last Answer : D. Goa
Description : The best indicator of economic development of any country is: A. Agriculture B. Transport C. Gross Production D. Per Capita Income
Last Answer : D. Per Capita Income
Description : Inequality of Income is measured by: A. Human development index B. Gini Coefficient C. Per Capita Income D. Physical Quality of Life Index
Last Answer : B. Gini Coefficient
Description : The supply of labour in the economy depends on - (1) Population (2) National income (3) Per capita income (4) Natural resources
Last Answer : (1) Population Explanation: The supply curve for labor depends on variables such as population, wage rates, etc. in developing countries, the vast population base explains the relatively lower wage ... accessibility to labour supply. This is just the opposite in the case of developed countries.
Description : The supply of labour in the economy depends on (1) Population (2) National income (3) Per capita income (4) Natural resources
Last Answer : Population
Description : The OECD A. Gathers and publishes data on the international economy. B. Provides financial assistance to developing countries. C. Approves international standards and product regulations. D. ... more developing countries than developed countries. E. Is a cartel of countries that export oil.
Last Answer : A. Gathers and publishes data on the international economy.
Description : Marketing management is ________. A. Managing the marketing process B. Monitoring the profitability of the company's products and services C. Selecting target markets D. Developing ... , keeping, and growing customers through creating, delivering, and communicating superior customer value
Last Answer : E. The art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value
Description : State which of the following is correct? The Consumer Price Index reflects - (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy
Last Answer : (2) the extent of inflation in the prices of consumer goods Explanation: A consumer price index (CPI) measures changes in the price level of consumer goods and services purchased by households ... , pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values.
Description : Which of the following explains the term economic growth? a. Increase in per capita production b. Increase in per capita real income c. structural change in the economy d. all the above are right
Last Answer : d. all the above are right There is no single definition that can define the term economic growth. However, there are various indicators that explain the term
Description : State which of the following is correct ? The Consumer Price Index reflects : (1) the standard of living (2) the extent of inflation in the prices of consumer goods (3) the increasing per capita income (4) the growth of the economy
Last Answer : the extent of inflation in the prices of consumer goods
Description : Economic progress of a country is determined by - (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country
Last Answer : (1) Increase in per capita income of people of country Explanation: Economic progress of a country is determined by increase in per capita income of people f that country.
Description : Economic progress of a country is determined by (1) Increase in per capita income of people of country (2) Increase in the price of produced capital goods during the year (3) Increased numbers of Trade Unions (4) Fall in the general price level of a country
Last Answer : Increase in per capita income of people of country
Description : From the national point of view, which of the following indicates micro approach? (1) Study of sales of mobile phones by BSNL (2) Unemployement among Women (3) Per capita income in India (4) Inflation in India
Last Answer : (1) Study of sales of mobile phones by BSNL Explanation: Macroeconomics is a branch of economics in which a variety of economy-wide phenomena is thoroughly examined such as, inflation, price levels, rate ... and firms. So the study of sales of mobile phones by BSN I, comes under microeconomics.
Last Answer : Study of sales of mobile phones by BSNL
Description : What makes India an underdeveloped economy? A. Low Human Development B. High Poverty level C. Dominant Agriculture sector D. All of the above
Last Answer : D. All of the above
Description : which among these is not a global force impacting the Indian Economy A. Dynamics of capital flow B. Integrating the role of Purchasing C. Integrating the role of Technology D. Need of Attitudinal Change
Last Answer : A. Dynamics of capital flow
Description : Consider the following statements and identify the right ones. i. Higher level of capital-output ratio indicates efficient use of capital. ii. It reflects the productivity of capital in the economy A. I only B. ii only C. both D. none
Last Answer : B. ii only
Description : Which of the following denotes an underdeveloped economy? A. High level of inequalities B. Low level of capital productivity C. A relatively closed economy D. All the above
Last Answer : D. All the above
Description : Which of the following denotes an underdeveloped economy? A. High level of inequality B. Low level of capital productivity C. A relatively closed economy D. All the above
Description : Volume variance arises when A. There is rise in overhead rate per hour B. There is decline in overhead rate per hour C. There is decrease or increase in actual output compared to the budgeted output D. None of the above
Last Answer : C. There is decrease or increase in actual output compared to the budgeted output
Description : Which of the following results by dividing national income by size of population? (1) Per capita income (2) Subsistence level (3) Subsistence expenditure- (4) Per capita production
Last Answer : (1) Per capita income Explanation: Per capita income or average income or income per person is a measure of mean income within an economic aggregate, such as a country or city. It is calculated by ... in the aggregate (such as GDP or Gross National Income) and dividing it by the total population.
Description : Gross National Product - Depreciation Allowance =? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product
Last Answer : (4) Net National Product Explanation: Net National product (NNP) is Gross National Product minus a depreciation allowance for the wearing out of machines and buildings during the period. In other words, NNP= ... Since NNP counts only the net additions to the nation's stock, it is less than GNP.
Description : The standard of living in a country is represented by its: (1) poverty ratio (2) per capita income (3) national income (4) unemployment rate
Last Answer : (2) per capita income Explanation: Per capita income or average income or income per person is the mean income within an economic aggregate, such as a county or city. It is calculated by taking a ... not a good standard of measuring standard of living as it is income of one person of the country.
Description : An individual's actual standard of living can be assessed by - (1) Gross National Income (2) Net National Income (3) Per Capita Income (4) Disposable Personal Income
Last Answer : (3) Per Capita Income Explanation: The standard of living is a measure of the material welfare of the inhabitants of a country. The baseline measure of the standard of living is real ... GDP increases a nation's standard of living providing that output rises faster than the total population.
Description : Which is the parameter for the economic development? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population
Last Answer : (1) Per capita monetary income Explanation: A majority of economists such as Simon Kuznets, Meter and Baldwin, Hicks D. Samuelson, Pigeon and others consider national income as the most suitable ... economic growth is meaningless if it does not improve the standard of living of the common masses.
Description : Which of the following is not required while computing Gross National Product (GNP)? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government
Last Answer : (3) Per capita income of citizens Explanation: Gross National Product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the ... measures the value of goods and services that the country's citizens produced regardless of their location.
Description : The total value of goods and services produced in a country during a given period is - (1) Disposable income (2) National income (3) Per capita income (4) Net national income
Last Answer : (2) National income Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Understanding how national income is created is the starting point for macroeconomics.
Description : The best measure to assess a country's economic growth is - (1) per capita income at constant prices (2) per capita income at current prices , (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : (1) per capita income at constant prices Explanation: Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period ... the aggregate (such as GDP or Gross National Income) and dividing it by the total population.
Description : The picture above explains a. we cannot take national income as indicator for development. b. per capita income is better measure for development. c. average income hide disparities. d. none of the above
Last Answer : c. average income hide disparities.
Description : Per capita income is calculated by dividing total national income by (a) Total population (b) Total savings © Total depreciation (d) Total investment.
Last Answer : (a) Total population
Description : The income level of residents in a country is indicated by _______. A. gross national income. B. gross domestic product. C. per capita gross national income. D. per capita gross domestic product
Last Answer : C. per capita gross national income.
Description : Which is the parameter for the economic development ? (1) Per capita monetary income (2) National income (3) Per capita rural income (4) Population
Last Answer : Per capita monetary income
Description : Gross National Product – Depreciation Allowance = ? (1) Per Capita Income (2) Gross Domestic Product (3) Personal Income (4) Net National Product
Last Answer : Net National Product
Description : The total value of goods and services produced in a country during a given period is (1) Disposable income (2) National income (3) Per capita income (4) Net national income
Last Answer : National income
Description : An individual’s actual standard of living can be assessed by (1) Gross National Income (2) Net National Income (3) Per Capita Income (4) Disposable Personal Income
Last Answer : Per Capita Income
Description : Which of the following results by dividing national income by size of population ? (1) Per capita income (2) Subsistence level (3) Subsistence expenditure (4) Per capita production
Last Answer : Per capita income
Description : Which of the following is not required while computing Gross National Product (GNP) ? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government
Last Answer : Per capita income of citizens
Description : The best measure to assess a country’s economic growth is (1) per capita income at constant prices (2) per capita income at current prices (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : per capita income at constant prices
Last Answer : per capita income
Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment
Last Answer : B. The total domestic and foreign output claimed by residents of the country
Description : )A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased ... period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy
Last Answer : (3) the improper growth of the economy Explanation: When national output is multiplied by present ruling price, we obtain national income at current prices. On the other hand if the national output is ... not indicate increase in product or output, but is rather due to the rise in price level.
Description : A very high rise in National Income at current market prices and a low rise at constant prices reveals (1) the high rate of growth in the economy at the current period (2) the increased production ... (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy
Last Answer : the high rate of inflation prevailing in the economy