Question : The expenditure incurred on purchase or construction of owner- occupied houses is treated as __________________________. 

Option 1: Current transfer

Option 2: Capital formation

Option 3: Transfer income

Option 4: Mixed income.

Question : Which of the following are not included in the national income?

Option 1: Capital loss
 

Option 2: Capital formation
 

Option 3: Brokers commission
 

Option 4: Expenditure incurred by a foreign tourist.

Question : _____________________ is the expenditure incurred by the central government on various administrative services.

Option 1: Private final consumption expenditure.
 

Option 2: Government final consumption expenditure.
 

Option 3: Gross domestic capital formation.
 

Option 4: Net exports

Question : Loss on issue of debenture is treated as 

Option 1: Intangible Asset

Option 2: Current Asset

Option 3: Current Liability

Option 4: Miscellaneous Expenditure

Question : Change in stock is zero when 

Option 1: Private final consumption expenditure = Government final consumption expenditure.
 

Option 2: Gross domestic capital formation = Gross domestic fixed capital formation.
 

Option 3: Government final consumption expenditure = Gross domestic fixed capital formation.
 

Option 4: Net exports= Exports-Imports

Question : _________________ refers to the transfers made out of the current income of the payer and added to the current income of the recipient. 

Option 1: Current transfers

Option 2: Current expenditure.

Option 3: Factor income

Option 4: Factor transfer.