Q1. Operating surplus is equal to:

Q2. Which of the following is not included in inventory investment?

Q3. Problem of "double counting" is associated with which method of calculating national income?

Q4. Own-account production of services is not included in national income because:

Q5. Which of the following is not a part of final expenditure?

Q6. Which of the following items is not included while estimating GNP of a country?

Q7. Value-added method measures the contribution of which of the following, within the domestic territory of a country?

Q8. If the entire output is sold during an accounting year, then the value of output will be equal to _________________

Q9. That part of the profit which is retained by the firms to meet contingent expenses is known as:

Q10. In case of mixed income, factors of production are hired/purchased from the market. True or false?

Q11. If real GNP is Rs. 520, and nominal GNP is Rs. 650, calculate the price index.

Q12. "According to a news item, "Sale of petrol and diesel cars is rising, particularly in big cities". Which index of GDP is highlighted in the statement?

Q13. When GDP of the current year is measured, taking into consideration the prices prevailing in the base year, such a GDP is known as:

Q14. Gross domestic capital formation is always greater than gross domestic fixed capital formation. True or false?

Q15. In a two-sector circular flow of income model (with financial markets), __________________ is an example of an injection?