IPS ACADEMY

Bachelor of Business Administration (BBA) Internal Examination, May-2019

ECONOMICS- II

QUIZ
Time: 15 min Total Marks: 20.

1- Macroeconomics as a separate branch of economics, emerged after the British economist

John Maynard Keynes published is celebrated book

(a) The Wealth of Nations

(b) On the Principles of political Economy and Taxation
(c) The Affluent Society
(d) The General Theory of Employment, Interest and Money

2- Gross National Product equals to :

(a) Net National Product Adjusted for Inflation

(b) Gross Domestic Product Adjusted for Inflation
(c) Gross Domestic Product plus net property income from abroad
(d) Net National Product plus net property income from abroad

3- Personal Income after deduction of personal taxes is called

(a) Personal Revenue

(b) Personal Wealth
(c) Personal Earning
2.  The four factor payments are:

A. Money, capital, salaries, and income B. Wages, rent, interest and profits

C. Money, power, prices, and wealth D. Wages, interest, salaries and income

(d) Personal Disposable Income