Banking Awareness Based on National Income | Daily Banking Awareness Quiz
Banking Awareness Quiz for SBI Clerk, SBI PO, RBI, IBPS PO/Clerk/RRB/SO & other Banking & competitive exams 2020-21. Banking Awareness is an important part of any banking and Financial exam. You can Attempt Banking Awareness Quiz.
Q1.What is true about Income Method of calculating national Income?
(a)According to this method, all the incomes that accrue to the factors of production by way of wages, profits, rent interest etc are summed up to obtain National Income.
(b)Income from sale of shares, bonds & debentures will not be included
(c)Windfall gains are included in income method of calculating National Income.
Q2.The 1st Estimate of National Income was prepared for which year?
Q3.Which is not a component of Expenditure Method?
(a)Private Final consumption Expenditure
(b)Government Final Consumption Expenditure
(c)Public Final Consumption Expenditure
(d)Gross Domestic Capital Formation
Q4.What are the Measures of National Income?
(e)All of the above
Q5.Which of the following is/are included in calculating national Income?
(a)Contruction of a new house
(b)winning of a lottery ticket
(c)Purchases by Foreign Tourists
Q6.Expenditure Method is also Known as-
(a)Private Income Method
(b)Income disposable Method
(c)Gross National Income
(e)Gross fixed capital formation
Q8.who was the chairman of the comittee on national income?
(a)P. C. Bhattacharya
(b)Prof V.K.R.V Rao
(e)None of the above
Q9.The method used to measure National Income in different phases of production in the circular flow is known as-
(c)Value Added Method
(e)Any of the above
Q10.The 1st Scientific Estimate on National Income was made for the year-
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