Question : Expenditure on advertisement and public relations by an enterprise is a part of its:
Option 1: consumption of fixed capital
Option 2: final consumption expenditure
Option 3: intermediate consumption
Option 4: fixed capital
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Correct Answer: intermediate consumption
Solution : The correct answer is intermediate consumption.
An enterprise's expenditure on advertising and public relations is a component of its intermediate consumption. The value of products and services used in the making of other goods and services is referred to as intermediate consumption. Raw materials, energy, and packaging are all examples of this. Advertising and public relations are both methods of promoting a company's products or services to customers. This can aid in raising brand recognition, generating leads and driving sales.
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Question : Which of these is not the correctly stated component of the expenditure method of measuring national income?
Option 1: Final investment expenditure by firms
Option 2: Final government expenditure
Option 3: Export plus import expenditure
Option 4: Final consumption expenditure by households
Question : The dividends received by the government from Public Sector Undertakings (PSUs) are ________.
Option 1: capital expenditure
Option 2: capital receipts
Option 3: non-tax revenue receipts
Option 4: tax revenue receipts
Question : Which of these is related to public goods?
Option 1: The principle of excludability applies to its consumption.
Option 2: There is a clear link between the producer and consumer, which occurs through the payment process.
Option 3: Its consumption is rivalrous.
Option 4: There is a possibility of free ridership in its consumption.
Question : Exports of mangoes by India are a part of ________ method of measurement of its national income.
Option 1: circular income
Option 2: value added
Option 3: expenditure
Option 4: income
Question : Collective consumption means
Option 1: household consumption
Option 2: individual consumption
Option 3: self-consumption
Option 4: consumption by the citizens of the country
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