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National Income Important Questions

12th Standard EM

Reg.No. :
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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. Primary sector is ________

(a)

Industry

(b)

(c)

Agriculture

(d)

Construction.

3. Expenditure method is used to estimate national income in_______

(a)

Construction sector

(b)

Agricultural Sector

(c)

Service sector

(d)

Banking sector

4. Value of output =

(a)

Sales + Change in stock

(b)

Sales - Change in stock

(c)

Sales $\div$ Change in stock

(d)

Sales x Change in stock

5. Percapita Income =

(a)

National Income - Population

(b)

Personal Income

(c)

National Income $\div$ Population

(d)

National Income x Population

6. 5 x 1 = 5
7. GDP by expenditure method at market prices

8. (1)

Personal income - Direct tax

9. Net domestic product

10. (2)

GDP -Depreciation

11. NNP

12. (3)

C+I+G+(X-M)

13. Disposable income

14. (4)

$\frac{Nominal GDP}{Real GDP}\times100$

15. GDP - deflator

16. (5)

GNP - Depreciation allowance

5 x 2 = 10
17. Define National Income.

18. Write the formula for calculating GNP

19. What is the difference between NNP and NDP?

20. What do you mean by Real Income?

21. What do you mean by National Income?

22. 5 x 3 = 15
23. Write a short note on per capita income

24. Differentiate between personal and disposable income.

25. Explain briefly NNP at factor cost.

26. What are the difficulties in measuring National Income?

27. Write down the some of the statistical problems?

28. 3 x 5 = 15
29. Explain the importance of national income

30. Discuss the method measuring the National Income by Income Method.

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