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

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The 'depreciation' in national accounting is also called:

A. factor income

B. capital consumption allowance

C. transfer payment

D. net investment

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 'dependency ratio' is higher when:

A. death rate is high

B. birth rate is low

C. dependent population is large relative to working-age population

D. working-age population is large

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Correct Answer: Option C

Explanation:
Dependency ratio rises with a larger dependent population relative to working-age population.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Periodic Labour Force Survey' provides estimates of:

A. foreign exchange reserves

B. inflation

C. employment and unemployment

D. GDP

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Correct Answer: Option C

Explanation:
PLFS provides labour force, employment and unemployment estimates.

This question belongs to: Economy GK Economy Set 1

Question #3

The Green Revolution in India was primarily associated with:

A. horticulture

B. increasing output of pulses

C. high-yielding varieties of wheat and rice

D. organic farming

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Correct Answer: Option C

Explanation:
The Green Revolution introduced high-yielding varieties of wheat and rice.

This question belongs to: Economy GK Economy Set 1

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