Question : Final goods are divided into:

Option 1: raw materials and semi-finished goods

Option 2: single goods and composite goods

Option 3: consumption goods and capital goods

Option 4: war goods and civilian goods

Question : Which of these is not the reason why 'final' goods are called so?

Option 1: They are meant for final use.

Option 2: They are the last to be consumed.

Option 3: They will not pass through any more stages of production.

Option 4: They are not processed or transformed further.

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

Question : Which of these is not a characteristic of durable goods?

Option 1: They are capable of repetitive use.

Option 2: They are not extinguished by immediate consumption.

Option 3: They are meant for repetitive purchases.

Option 4: They have a relatively long life.

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