Css Economics Solved(Central Superior Service (css) ) Questions and Answers

Question 1. NI = NE is an:
  1.    Equation
  2.    Identity
  3.    Function
  4.    None of these
Explanation:-
Answer: Option B. -> Identity
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 2. Per capita income is:
  1.    Income per worker
  2.    Income per head
  3.    Income per household
  4.    Income per industrial unit
Explanation:-
Answer: Option B. -> Income per head
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 3. Transfer payments are not included in national income because:
  1.    Such payments are made to persons living abroad
  2.    Double counting would result
  3.    They are illegal
  4.    There is no method to account for these
Explanation:-
Answer: Option B. -> Double counting would result
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 4. If indirect taxes are deducted from NNP and subsidies are added, we achieve:
  1.    Personal savings
  2.    DPI
  3.    NI
  4.    Per capita income
Explanation:-
Answer: Option C. -> NI
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 5. It is considered as investment:
  1.    Construction of a house
  2.    Purchase of an old house
  3.    Salaries of college professors
  4.    Both (a) & (b)
Explanation:-
Answer: Option A. -> Construction of a house
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 6. Real national income increases when:
  1.    Prices of goods are rising
  2.    National savings increase
  3.    Quantity of goods and services increases
  4.    None of the above
Explanation:-
Answer: Option C. -> Quantity of goods and services increases
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 7. GNP is always:
  1.    Less than NNP
  2.    Greater than NNP
  3.    Equal to NNP
  4.    Any of (a), (b), (c)
Explanation:-
Answer: Option B. -> Greater than NNP
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 8. To determine the correct level of GNP, it is necessary to:
  1.    Add up the values of goods and services during one year
  2.    Add up all savings
  3.    Count all imports
  4.    Add up the value of semi finished goods
Explanation:-
Answer: Option A. -> Add up the values of goods and services during one year
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 9. It is considered as transfer payments:
  1.    Salaries of employees
  2.    Bonus of bank employees
  3.    Free medical care to officers
  4.    Unemployment allowance paid by govt.
Explanation:-
Answer: Option D. -> Unemployment allowance paid by govt.
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 10. The four factor payments are:
  1.    Money, capital, salaries, and income
  2.    Wages, rent, interest and profits
  3.    Money, power, prices, and wealth
  4.    Wages, interest, salaries and income
Explanation:-
Answer: Option B. -> Wages, rent, interest and profits
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
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