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CSS :: National Income Accounting


31.  Value of output differs from the value added by the amount of:
A. Indirect taxes B. Wages and Salaries
C. Intermediate consumption D. Gifts received from abroad

32.  The gross fixed investment in an economy during a year is Rs. 200 Crore. The economy possessed Rs 1200 Crore worth of fixed capital at the beginning of the year and the rate of depreciation is 10% per annum. What is the net value of fixed capital stock held at the end of the year?
A. Rs 1600 crore B. Rs 920 crore
C. Rs 1280 crore D. Rs 1200 crore

33.  In consumption of capital is equal to gross fixed investment, then:
A. Net investment is zero B. Net investment is negative
C. Net investment is positive D. National income is constant

34.  Which of the following constitutes an investment by a household?
A. Purchasing a washing machine B. Painting a house
C. Purchasing a new house D. Purchasing a new car

35.  Net value added is equal to:
A. Payments accruing to factors of production B. Compensation of employees
C. Wages plus rent plus interest D. Value of output minus depreciation

36.  Addition to the stocks of food grains by the Food Corporation of India is a part of:
A. Net fixed investment B. Net revenue of the Government sector
C. Gross capital formation D. Final consumption

37.  Mixed income of the self-employed means:
A. Gross profits received by a proprietorship B. Rent interest and profit of an enterprise
C. Combined factor payments which are not distinguishable D. Wages due to family workers

38.  Operating surplus implies:
A. Gross value added minus profits B. Net income from property and entrepreneurship
C. Net profits of public enterprises D. Part of profits which are reinvested

39.  Operating surplus arises in:
A. Government sector only B. Household sector only
C. Public enterprises only D. All producing enterprises in the corporate sector

40.  Operating surplus differs from net value added by the amount of:
A. Compensation of employees B. Net indirect taxes
C. Consumption of fixed capital D. Dividends




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