CSS :: National Income Accounting
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21. |
Demand for final consumption arises in: |
A. |
Household sector only |
B. |
Government sector only |
C. |
Both (a) & (b) |
D. |
All sectors |
Answer: Option C
Explanation:
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22. |
Which of the following activities of a farmer is an example of intermediate consumption? |
A. |
Purchase of tractor |
B. |
Payment of interest to a co-operative bank |
C. |
Electricity charges for operating a pump |
D. |
Wages paid to workers at harvesting time |
Answer: Option C
Explanation:
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23. |
Imputed rental value of owner occupied dwellings is a part of: |
A. |
Intermediate consumption |
B. |
Capital formation |
C. |
Final consumption |
D. |
Expenditure on consumer durably |
Answer: Option C
Explanation:
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24. |
Sale of old newspapers by a household is a part of: |
A. |
Net final consumption expenditure of the household |
B. |
Value added by the household sector |
C. |
Capital formation |
D. |
Transfer payments |
Answer: Option A
Explanation:
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25. |
Which of the following constitutes a part of domestic fixed capital formation? |
A. |
Net purchase of second-hand assets by corporate enterprises |
B. |
Net purchase of second-hand physical assets from abroad |
C. |
Expenditure on new parts of physical assets |
D. |
Accumulation of stocks of fertilisers |
Answer: Option B
Explanation:
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26. |
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 |
Answer: Option D
Explanation:
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27. |
Direct purchases abroad made by the government on current account are a part of: |
A. |
Final consumption |
B. |
Investments |
C. |
Net factor payments abroad |
D. |
Current transfers from the rest of the world |
Answer: Option A
Explanation:
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28. |
Which of the following is not a part of net investment in an economy? |
A. |
Purchase of old shares |
B. |
Purchase of a wall-clock by a factory |
C. |
Purchase of wall-clock by a household |
D. |
Increasing the storage of raw materials |
Answer: Option A
Explanation:
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29. |
Which of the following is included in the consumption of fixed capital? |
A. |
Fall in the price of machinery and other stocks |
B. |
Expenditure on repairs and maintenance |
C. |
Destruction of buildings in an earthquake |
D. |
Normal wear and tear machinery while in use |
Answer: Option D
Explanation:
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30. |
Gross domestic fixed-capital formation does not include: |
A. |
Net purchase of second hand machinery by private corporate sector from Government |
B. |
Net imports of second-hand machinery from abroad |
C. |
Own account production of news assets |
D. |
Construction of new roads and bridges |
Answer: Option A
Explanation:
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