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101.

It is not included in estimation of national income:

A.	Illegal income	B.	Services of house wife
C.	Imports	D.	All are not included

102.

The goods which are used directly by the people are called:

A.	Consumer goods	B.	Capital good
C.	Direct good	D.	None of these

103.

Circular flow of income links:

A.	Income, expenditure	B.	Exports, Imports
C.	Govt. taxes, Govt. expenditure	D.	Saving and investment

104.

Transfer payments include:

A.	Daily wages, pensions	B.	Pensions, Zakat
C.	Zakat, taxes	D.	Taxes, pocket money

105.

This statement is true

A.	NI = rent + interest + wages + profit	B.	NI = rent + interest + wages + taxes
C.	NI = Govt. expenditure + interest + wages + profit	D.	NI = rent + interest + wages + pensions

106.

Determinants of national income are:

A.	Natural resources, human resources, monetary resources	B.	Natural resources, capital resources, monetary resources
C.	Natural resources, capital resources, human resources	D.	Natural resources, capital resources, foreign resources

107.

National income is estimated by:

A.	Product, import and export methods.	B.	Product, income and consumption methods
C.	Product, income and market methods	D.	Product, income and expenditure methods

108.

National income of a country does not include:

A.	Self services, low wages	B.	Donations and high salaries
C.	Corporate taxes and gifts	D.	Illegal incomes and unreported incomes

109.

This statement is true

A.	Inflation does not play any role in distribution of national income	B.	Inflation plays unfavourable role in distribution of national income
C.	Inflation plays favourable role in distribution of national income	D.	Inflation brings equality in aggregate demand and aggregate demand and aggregate supply

110.

GDP stands for:

A.	Great domestic progress	B.	Grand development plan
C.	Gross domestic product	D.	Gross domestic plan