Economics MCQs For Lectureship CSS PMS And NTS Part III

31 Personal disposable income is equal to what?

Personal income minus direct taxes paid by the household

32 In national income accounts, how direct personal taxes are recorded?

Receipts of the government sector and payments of the corporate sector

33 Does national income differs from the net national product at market prices?

It does not differ

34 If net factor income from abroad is zero then what will be the value of national product?

National product is constant

35 Which among the following has to be added to national income to get net national disposable income?

Loans from public

36 What is net national product at factor cost?

Equal to national income

37 The difference between net national product at market prices and net domestic product at market prices is equal to what?

Net factor income from abroad

38 Net borrowing from abroad are a part of what?

Gross investment

39 What does aggregate gross receipts means?

Turnover value of output

40 The term national income commonly refers to what?

NNP at factor cost