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Economics MCQs For Lectureship CSS PMS And NTS Part III

Economics MCQs For Lectureship CSS PMS And NTS Part III

21 What does corporate enterprises refers to?

Business houses that are independent of their owners

22 What does Subsistence productions means?

Production for self-consumption only

23 What gross domestic fixed-capital formation does not include?

Net purchase of second hand machinery by private corporate sector from Government

24 By how much the value of output differs from the value added?

Intermediate consumption

25 What will be the value of net investment if consumption of capital is equal to gross fixed investment?

Net investment is zero

26 Net value added is equal to what?

Payments accruing to factors of production

27 What does operating surplus implies?

Net income from property and entrepreneurship

28 When operating surplus arises?

All producing enterprises in the corporate sector

29 By what amount operating surplus differs from net value added?

Compensation of employees

30 What are transfer payments?

Payments which are made without any exchange of goods and services

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