Question : Which of the following is a true about Pt. E?

1. It is the break-even point.
2. It represents zero savings.
3. It is a point where consumption = income.
4. It is a point where consumption = savings.

Option 1: 1,3&4
 

Option 2: 1,2&4
 

Option 3: 1,2&3
 

Option 4: 1&4
 

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

1. Purchase of car by a household.
2. Gifts received from employer
3.  Royalty
4. Government expenditure on street lightning.

Option 1: 1,3&4

Option 2: 2,3&4

Option 3: 1,2,3&4

Option 4: 1,2&3

Question : Which of the following statements are correct?

1. Consumption function refers to functional relationship between consumption and savings.
2. It is a psychology concept as it is influenced by the subjective factors like consumers, taste preference, etc.
3. It also shows the consumption level at different levels of income.
4. C=f(Y)

Option 1: 1,2&3
 

Option 2: 2,3&4
 

Option 3: 1,3&4
 

Option 4: Only 3&4
 

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

1. Dividend received by shareholders.
2. Addition to stock during a year.
3. Services of a school teacher.
4. Profit earned by foreign companies in India.

Option 1: 1,2&3

Option 2: 2,3&4

Option 3: 1,3&4

Option 4: 1,2,3&4

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

1. Imputed rent of self occupied houses.
2. Free medical facilities by employer.
3. Purchase of taxi by taxi driver.
4. Transport expenses by a firm.

Option 1: 1,2&3

Option 2: 2,3&4

Option 3: 1,3&4

Option 4: 1,2,3&4