National Income Book Back Questions

12th Standard EM

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Economics

Time : 00:45:00 Hrs
Total Marks : 30
    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. GNP = _________ + Net factor income from abroad

    (a)

    NNP

    (b)

    NDP

    (c)

    GDP

    (d)

    Personal income

  4. The financial year in India is__________

    (a)

    April 1 to March 31

    (b)

    March 1 to April 30

    (c)

    March 1 to March 16

    (d)

    January 1 to December 31

  5. PQLI is the indicator of_____________

    (a)

    Economic growth

    (b)

    Economic welfare

    (c)

    Economic welfare

    (d)

    Economic development

  6. 4 x 2 = 8
  7. Define National Income.

  8. Write the formula for calculating GNP

  9. What is the difference between NNP and NDP?

  10. Define GDP deflator

  11. 4 x 3 = 12
  12. Write a short note on per capita income

  13. Differentiate between personal and disposable income.

  14. Give short note on Expenditure method

  15. List out the uses of national income

  16. 1 x 5 = 5
  17. Explain the importance of national income

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