PGT (Commerce previous year questions) (HTET) (Part – VI)Total Questions: 10051. Depreciation means:A. Destruction of a plant in a fire accidentB. Loss of equipment over time due to wear and tearC. Closure of the plant due to raw material problemD. Closure of the plant due to lockoutCorrect Answer: B. Loss of equipment over time due to wear and tear52. Depreciation is the loss of value of:A. Capital assetsB. StocksC. Intermediate goodsD. Final goodsCorrect Answer: A. Capital assets53. GNP is ₹ 600 crores and NNP is ₹ 475 crores: therefore depreciation is:A. ₹ 100B. ₹ 175C. ₹ 50D. ₹ 125Correct Answer: D. ₹ 12554. Which of the following is not true?A.B.C.D.Correct Answer: D.55. NNP at market prices and NNP at factor costs will be equal when there is:A. No direct taxB. No indirect taхC. No subsidyD. No indirect tax and no subsidyCorrect Answer: D. No indirect tax and no subsidy56. Gross domestic product at factor cost plus net income from abroad minus capital consumption is equal to:A. Gross domestic product at market pricesB. Gross national product at factor costC. Net national product at market pricesD. Net national product at factor costCorrect Answer: D. Net national product at factor cost57. In a closed economy model one of the sectors below is not to be considered which?A. HouseholdsB. FirmsC. GovernmentD. Foreign tradeCorrect Answer: D. Foreign trade58. National product at market prices is higher then national product at factor cost by the amount of:A. SubsidiesB. Indirect taxesC. Indirect taxes plus subsidesD. Indirect taxes minus subsidiesCorrect Answer: D. Indirect taxes minus subsidies59. Net exports are negative when:A. Net investment is positiveB. Exports are exceeded by importsC. Exports exceed private transfer to foreignousD. Imports are exceeded by exportsCorrect Answer: D. Imports are exceeded by exports60. Which of the following formula could be used for calculating the per capita income of a country?A.B.C.D.Correct Answer: B.Submit Quiz« Previous12345678910Next »
