The 'depreciation' in national accounting is also called: MCQ with Answer and Explanation

Question
The 'depreciation' in national accounting is also called:
A. factor income
B. capital consumption allowance
C. net investment
D. transfer payment
Answer: Option B
Solution (By JKSSB Mock Tests)
Depreciation is also known as capital consumption allowance.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
The 'National Intellectual Property Rights Policy' was released in India in which year?
A. 2013
B. 2018
C. 2016
D. 2020
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Correct Answer: Option C

Explanation:
The National IPR Policy was released in 2016.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Carbon Credit' refers to a permit allowing the holder to emit:
A. one tonne of carbon dioxide or equivalent
B. unlimited carbon
C. one million tonnes of carbon
D. one kg of carbon
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Correct Answer: Option A

Explanation:
A carbon credit typically allows one tonne of carbon dioxide equivalent emissions.
This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the 'Permanent Income' versus 'Current Income' debate in consumption theory?
A. Consumption is completely independent of current income
B. Empirical evidence shows that consumption is more sensitive to current income than pure permanent-income theory predicts
C. The debate has been fully resolved in favour of pure permanent-income theory
D. Only permanent income matters and liquidity constraints are irrelevant
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Correct Answer: Option B

Explanation:
Empirical studies often find 'excess sensitivity' of consumption to current income, suggesting that liquidity constraints, myopia or other factors cause departures from pure permanent-income behaviour.
This question belongs to: Economy GK Economy Set 1
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