The 'Gross National Disposable Income' equals GNP at market prices plus: MCQ with Answer and Explanation

Question

Share Report Error

The 'Gross National Disposable Income' equals GNP at market prices plus:

A. net current transfers from abroad

B. net factor income from abroad

C. indirect taxes

D. depreciation

Answer: Option A

Solution (By JKSSB Mock Tests)

Gross National Disposable Income = GNP at market prices + net current transfers from 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

Which of the following is NOT a type of cost in the short run?

A. Variable cost

B. Total cost

C. Fixed cost

D. Sunk cost as the only long-run cost

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
In the short run, costs are classified as fixed, variable and total. Sunk costs are costs that have already been incurred and cannot be recovered, relevant in both short and long run decisions.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Bank of Calcutta' was established in which year?

A. 1770

B. 1865

C. 1840

D. 1806

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Bank of Calcutta, later Bank of Bengal, was established in 1806.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Banking Ombudsman' is appointed for a tenure of:

A. 6 years

B. 1 year

C. 5 years

D. 3 years

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Banking Ombudsmen are appointed for a three-year term.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs