Net factor income from abroad is equal to: MCQ with Answer and Explanation

Question

Share Report Error

Net factor income from abroad is equal to:

A. factor income received from abroad plus factor income paid to abroad

B. remittances received by India

C. factor income received from abroad minus factor income paid to abroad

D. exports minus imports

Answer: Option C

Solution (By JKSSB Mock Tests)

Net factor income from abroad is the difference between factor income received from abroad and factor income paid abroad.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Comptroller and Auditor General of India' is appointed under which article?

A. Article 324

B. Article 150

C. Article 280

D. Article 148

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The CAG is appointed under Article 148.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'UNDP' publishes which report?

A. Global Competitiveness Report

B. World Development Report

C. Human Development Report

D. Global Financial Stability Report

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
UNDP publishes Human Development Report.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Know Your Customer' norms are aimed primarily at:

A. promoting bank loans

B. reducing interest rates

C. increasing bank profits

D. preventing money laundering and fraud

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
KYC norms help banks verify customer identity to prevent money laundering and fraud.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs