Banking Quiz – 20

My Dear Banking Aspirants,

Awareness in Banking as well as Economics is very important for all kind of Bank exams ie Private as well as Public sector banks. This Banking Quiz comprises Questions Related to National Income. Hope it helps you all. Practice well and it is the key to success.

1. The difference between disposable income and personal income consist of
a) Depreciation
b) Government transfer payments
c) Personal Taxes
d) All the above

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Answer – c) Personal Taxes

2. The business expenditure for business tours is part of
a) Production
b) Wages
c) Final consumption of goods
d) Intermediate consumption of goods

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Answer – d) Intermediate consumption of goods

3. Production is
a) Destruction of Utility
b) Creation of Value
c) Creation of Utility
d) Manufacture of goods

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Answer – c) Creation of Utility

4. The household to buy a car is part of
a) Investment
b) Consumption
c) Production
d) Intermediate goods

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Answer – b) Consumption

5. The import into a country generate income for
a) Traders
b) Government
c) Foreign producers
d) Domestic manufactures

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Answer – c) Foreign producers

6. Examples of transfer payments are
a) Old age pensions
b) Grants to social welfare organisations
c) Unemployment relief fund
d) Scholarships to students
e) All the above

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Answer e) All the above

7. Investment include
a) Purchasing a second hand car
b) Participating illegal activities
c) Buying stocks and shares
d) None of the above

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Answer – c) Buying stocks and shares

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