Banking Awareness Based on National Income | Daily Banking Awareness Quiz

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.
(d)Both(a)&(b)
(e)both(b)&(c)

Q2.The 1st Estimate of National Income was prepared for which year?
(a)1860-61
(b)1861-62
(c)1864-65
(d)1865-66
(e)1867-68

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
(e)Net Exports

Q4.What are the Measures of National Income?
(a)GDP
(b)NDP
(c)GNP
(d)NNP
(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
(d)Both(a)&(b)
(e)Both(a)&(c)

Q6.Expenditure Method is also Known as-
(a)Private Income Method
(b)Income disposable Method
(c)Gross National Income
(d)Final Expenditure
(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
(c)P.C.Mahalanobis
(d)Dadabhai Naoroji
(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-
(a)Expenditure Method
(b)Income Method
(c)Value Added Method
(d)Intermediate consumption
(e)Any of the above

Q10.The 1st Scientific Estimate on National Income was made for the year-
(a)1926-27
(b)1915-16
(c)1935-36
(d)1931-32
(e)1939-40

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