Question : Which of the following statements are true?

1. Aggregate demand and aggregate expenditure means the same.
2. Aggregate demand is a stock concept.
3. Aggregate demand refers to the planned expenditure.
4. Aggregate demand and market demand are one and the same thing.

Option 1: Only 2&4
 

Option 2: Only 1&4
 

Option 3: Only 1&3
 

Option 4: Only 1&2
 

Question : Complete the Table - 
Name of Account –  Account group in financial Account
Hint -  Sundry Debtors –  Balance sheet, Asset side

Indirect income ____
Current liabilities_____
Stock in hand _____
Sales account ______

Option 1:

1. Profit & Loss Account, Credit side
2. Balances Sheet, Liability side
3. Balance Sheet, Asset side
4. Trading Account, Credit side

Option 2:

1. Balance sheet, Credit side
2. Profit and loss, Liability side
3. Balance Sheet, Asset side
4. Trading Account, Credit side

Option 3:

1. Profit & Loss Account, Credit side
2. Balances Sheet, Asset side
3. Balance Sheet, Liability side
4. Trading Account, Credit side

Option 4: None of the above

Question : Which of the following about MPC is correct?

1. MPC can be more than 1
2. MPC of rich is more. 
3. MPC falls with successive increase in income.

Option 1: Only 1
 

Option 2: Only 2&3
 

Option 3: Only 3
 

Option 4: 1,2&3
 

Question : Which of the following are the part of national income?

1. Purchase of equipments for installation in a factory.
2. Construction of a new house.
3. Brokers commission on sale of shares.

Option 1: Only 1&2

Option 2: Only 2&3

Option 3: Only 1&3

Option 4: 1,2&3

Question : Which of the following are the assumptions of determination of equilibrium output.

1. Price level is assumed to be constant.
2. The government expenditure is autonomous in nature.
3. Equilibrium output is to be determined in context of long run.

Option 1: Only 2
 

Option 2: Only 1&3
 

Option 3: Only 1
 

Option 4: All 1,2&3