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
Answer: Option C
Explanation:
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
Answer: Option C
Explanation:
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
Answer: Option A
Explanation:
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
Answer: Option C
Explanation:
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
Answer: Option A
Explanation:
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
Answer: Option C
Explanation:
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
Answer: Option C
Explanation:
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
Answer: Option B
Explanation:
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
Answer: Option D
Explanation:
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
Answer: Option A
Explanation:
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