Question : __________________ is the price for which product is actually sold in the market. 

Option 1: Factor cost

Option 2: Market price

Option 3: Net factor income paid to abroad

Option 4: Net factor income from abroad.

Question : National Income is also called as :

Option 1: GNP at Factor Cost 

Option 2: GNP at Market Price 

Option 3: NNP at Factor Cost 

Option 4: NNP at Market Price 

Question : ________________ is the difference between factor income received from rest of the world and factor paid to rest of the world.

Option 1: Net factor income from abroad

Option 2: Factor income from abroad

Option 3: Factor income to abroad

Option 4: All of the above.

Question : Factor cost + ________________________ = Market price.

Option 1: Indirect taxes

Option 2: Net Indirect taxes

Option 3: Domestic income

Option 4: National income

Question : Which of the following is the incorrect sequence of national income from broader to narrower concepts?

Option 1: GNP at market prices - NNP at factor cost - NNP at market prices - GNP at factor cost

Option 2: GNP at market prices - NNP at market prices - NNP at factor cost - Personal income

Option 3: NNP at factor cost - Personal income - Personal disposable income

Option 4: GNP at factor cost - NNP at factor cost - Personal income - Personal disposable income