Economic (M.Sc)

Q: Purchases made by the US Embassy in India are part of:

(a) :  Net factor earnings from abroad
(b) :  Transfer payments
(c) :  Domestic consumption expenditure
(d) :  Exports from India to the USA
(e) :  None of the Above
Answer:  Exports from India to the USA
Explanation:  

Q: When National income is estimated by expenditure method, we include:

(a) :  All govt. expenditure
(b) :  All households expenditure
(c) :  All expenditure of the business sector
(d) :  All of the above
(e) :  None of the Above
Answer:  All of the above
Explanation:  

Q: A country is poor if it has:

(a) :  Less production of goods per capita
(b) :  Less amount of gold
(c) :  Less amount of foreign currency
(d) :  Less exports
(e) :  None of the Above
Answer:  Less production of goods per capita
Explanation:  

Q: Quality of a commodity that satisfies some human want or need is called:

(a) :  service
(b) :  Demand
(c) :  Utility
(d) :  Efficiency
(e) :  None of the Above
Answer:  Utility
Explanation:  

Q: It is transfer payment:

(a) :  Payment of college tuition
(b) :  A social security payment
(c) :  Interest paid for a bank loan
(d) :  Payment for a leassed car
(e) :  None of the Above
Answer:  A social security payment
Explanation:  

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