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Economics Round 1

A vibrant classroom scene with students engaging in economics discussions, surrounded by economic models and charts.

Test Your Economics Knowledge!

Welcome to the Economics Round 1 Quiz! This interactive quiz is designed to challenge your understanding of various economic concepts and terminology. Whether you're a student of economics or just curious about the subject, this quiz provides a fun way to learn and assess your knowledge.

Key Features:

10 thought-provoking questions
Mix of multiple choice and text-based answers
Ideal for self-assessment and learning

10 Questions2 MinutesCreated by AnalyzingEconomy345

Remittances from a relative working abroad are:

Included in national income

Not included in national income

Transfer payments

Both (b) and (c)

Which of the following is not a transfer payment?

Scholarship for students

Retirement pensions

Old-age pensions

Donations

Which one includes depreciation

GNP at MP

NNP at MP

NNP at FC

None of these

Remittances by the NRIs are a part of our national income (true/false)

Profits earned by non-resident companies in India are not a part of our domestic income.(true/false)

Factor services rendered by the households to the firms lead to:

Real flow

Money flow

Service flow

Both (a) and (b)

Which of the following is a semi-durable good?

Radio

Clothes

Milk

Petrol

Write the aggregate of national income.

What is the full form of NFIA?

Net investment is equal to:

Gross investment + depreciation

Gross investment - depreciation

Gross investment * depreciation

Gross investment / depreciation

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