81) The rate of growth of per capita income is equal to:
(A) Rate of growth of national income divided by the rate of growth of population
(B) Growth in national income divided by the increase in population
(C) Rate of growth of national income minus the rate of growth of population
(D) Rate of growth of national income
82) If saving exceeds investment, the national income will:
(A) Fall
(B) Rise
(C) Fluctuate
(D) Remain constant
83) Which of the following is not required while computing Gross National Product (GNP)?
(A) Net foreign investment
(B) Private investment
(C) Per capita income of citizens
(D) Purchase of goods by government
84) The sum total of income received for the services of labor, land or capital in a country is called:
(A) Gross domestic product
(B) National income
(C) Gross domestic income
(D) Gross national income
85) Which of the following is an indirect tax?
(A) Corporation Tax
(B) Excise Duty
(C) Wealth Tax
(D) Capital Gains Tax
86) Which of the following is not a direct tax?
(A) Tax on income
(B) Tax on wealth
(C) Tax on expenditure
(D) Tax on entertainment
87) Which of the following is not an indirect tax?
(A) Land revenue
(B) Customs duties
(C) Entertainment tax
(D) Sales tax
88) Which of the following is not a direct tax?
(A) Estate tax
(B) Sales tax
(C) Corporation tax
(D) Wealth tax
89) A budgetary deficit means:
(A) Total expenditure is more than total revenue
(B) Current expenditure is more than current revenue
(C) Capital expenditure is more than capital revenue
(D) Total expenditure is more than current revenue
90) Fiscal deficit in the budget means:
(A) Revenue deficit plus the net borrowings of the government
(B) Budgetary deficit plus the net borrowings of the government
(C) Capital deficit plus revenue deficit
(D) Primary deficit minus capital deficit