National Income Important Questions

12th Standard EM

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Economics

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Net National product at factor cost is also known as

    (a)

    National Income

    (b)

    Domestic Income

    (c)

    Per capita Income

    (d)

    Salary

  2. National income is a measure of the__________ performance of an economy

    (a)

    Industrial

    (b)

    Agricultural

    (c)

    Economic

    (d)

    Consumption

  3. __________ is deducted from gross value to get the net value

    (a)

    Income

    (b)

    Depreciation

    (c)

    Expenditure

    (d)

    Value of final goods

  4. Percapita Income =

    (a)

    National Income - Population

    (b)

    Personal Income

    (c)

    National Income \(\div\) Population

    (d)

    National Income x Population

  5. Net Domestic = GDP - _________.

    (a)

    NNP

    (b)

    NDP

    (c)

    GNP

    (d)

    Depreciation

  6. 5 x 2 = 10
  7. Trace the relationship between GNP and NNP

  8. Why is self consumption difficult in measuring national income?

  9. Write the formula for calculating per capita income.

  10. What is National Income?

  11. What are capital gains?

  12. 5 x 3 = 15
  13. Explain briefly NNP at factor cost.

  14. Give short note on Expenditure method

  15. What are the five types of final goods and services that GNP includes?

  16. What are the items should not be included while estimating national income through income method?

  17. What are the items should be included while estimating national income through income method?

  18. 4 x 5 = 20
  19. What are the difficulties involved in the measurement of national income?

  20. Discuss the importance of social accounting in economic analysis

  21. Explain the basic concepts of national income.

  22. Discuss the concept of “Factor Cost”.

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