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#### National Income Model Question Paper 1

12th Standard EM

Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 50
5 x 1 = 5
1. Expenditure method is used to estimate national income in_______

(a)

Construction sector

(b)

Agricultural Sector

(c)

Service sector

(d)

Banking sector

2. Tertiary sector is also called as __________sector

(a)

Service

(b)

Income

(c)

Industrial

(d)

Production

3. Per capita income is obtained by dividing the National income by__________

(a)

Production

(b)

Population of a country

(c)

Expenditure

(d)

GNP

4. Percapita Income =

(a)

National Income - Population

(b)

Personal Income

(c)

National Income $\div$ Population

(d)

National Income x Population

5. GDP by expenditure at ________ price.

(a)

Factor price

(b)

Market price

(c)

Real price

(d)

All the above

6. 5 x 2 = 10
7. Write the formula for calculating GNP

8. Trace the relationship between GNP and NNP

9. What are the basic concepts for measuring national income?

10. What is Net Domestic Product?

11. What is the formula for calculating GDP at Market Price

12. 5 x 3 = 15
13. Differentiate between personal and disposable income.

14. Give short note on Expenditure method

15. What are the steps involved in income method?

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. Discuss the various methods of estimating the national income of a country

20. What are the difficulties involved in the measurement of national income?

21. Discuss the methods of measuring the National Income by Product Method.

22. Discuss the Iimitations of National Income as an index of economic welfare.