Question : The non-expenditure costs which arise when the producing firm itself own and supplies certain factor of production are

Option 1: explicit costs

Option 2: original costs

Option 3: implicit costs

Option 4: replacement costs

Question : The value added of a firm is calculated as___________.

Option 1: value of production of the firm - value of intermediate goods used by the firm.

Option 2: value of production of the firm + value of capital goods used by the firm.

Option 3: value of production of the firm / value of intermediate goods used by the firm.

Option 4: value of production of the firm + value of intermediate goods used by the firm.

Question : Directions: Arrange the given words in the sequence in which they occur in the dictionary.
1. Examination
2. Explicit
3. Expenditure
4. Experience

Option 1: 1, 4, 3, 2

Option 2: 1, 2, 3, 4

Option 3: 1, 4, 2, 3

Option 4: 1, 3, 4, 2

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 : Root hairs arise from

Option 1: cortex

Option 2: pericycle

Option 3: epidermis

Option 4: endodermis

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