Solved MCQS of Economics Set 3

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Solved MCQS of Economics
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Double counting in national income refers to:
Counting both as real goods and as money flow
Counting a product more than once
Counting both as product and as factor payment
Counting a product at the final stage of output process

Canons of taxation describes:
Adam Smith
Robbins
Keynes
Marshall

If we compare Gross Domestic Product (GDP) with Gross National
GNP = NNP – Net income from abroad
GNP = GDP – Net income from abroad
GNP = GDP + Net income from abroad
GNP = NNP + Net income from abroad

The economy gets prosperity during:
Recession
Recovery
Boom
Depression

Macro Economics was introduced by
J.M. Keynes
J.B. Clark
Alfred Marshall
N.W. Senior

In 2005-06, the crop area of cotton was 3,096 thousand hectares and the crop area of rice was:
4,702
982
8,303
2,620

The Kachhi Canal water project shall be completed in:
4/1/2009
6/1/2008
9/1/2008
8-Dec

Ushr implies on:
Agricultural & industrial product
Agricultural product
Industrial product
None of these

What was the production of rice in million tons in 2005-06?
5.5
7.7
4.4
6.6

During 2005-06, the construction sector contributed 9.2 percent to GNP and the share of fishing was:
4.4percent
-3.6percent
9.2percent
1.9percent

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