Q1. Value-added is a:

Q2. A firm wants to raise the inventory from 100 to 200 shoes during a year. Expecting sales of 1000 shoes during the year, it produces 1100 shoes, and the firm ends up with an inventory of 200 shoes. This rise in inventory is called:

Q3. A part of profit distributed among the factors of production is known as _____________________

Q4. Which of the following is not included in the national income of India?

Q5, Which of the following is an intermediate expenditure?

Q6. Which of the following defines "investment" in economics?

Q7. GNP of an imaginary economy is Rs. 1,20,000 cr and its capital stock is worth Rs. 3,00,000 cr. If the capital stock depreciates at a rate of 20% per annum, indirect taxes are Rs. 30,000 cr and subsidies are Rs. 15000 cr. What is the value of national income?

Q8. Which of the following will not be treated as a part of compensation of employees?

Q9. Net income from property and entrepreneurship will be included in:

Q10. If GDP deflator is 150%, and real GDP is 1100 cr, what will be the value of nominal GDP?

Q11. Payment of interest on borrowings by the General Government will be included in:

Q12. That part of the raw material which does not get used up in the production process is known as:

Q13. Income comprising of more than one type of factor income is known as __________________

Q14. Household inventory is a:

Q15. Which aggregate measures the value of output received by the factors of production belonging to a country in a year (within the domestic territory or abroad)?