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Published on: 24/08/2019
National Income
Download Tamil Nadu 12th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Economics Test
1.
__________ Framework is useful for economists as well as policy makers.
Social Accounting
Statistics
Capital Gains
None of these
2.
_________ reflects the economic welfare of the country.
Personal Income
Percapita Income
Disposal Income
All of these
3.
Output = Income = _________
Price
Expenditure
Income
None of these
4.
_________ Income is the buying power of nominal income.
Gross Income
Real Income
Percapita Income
National Income
5.
______ income is never equal to the national income.
Disposal Income
Percapita Income
Personal Income
GDP Deflate
6.
GDP by expenditure at ________ price.
Factor price
Market price
Real price
All the above
7.
GDP calculate at market price is known as __________.
GDP at factor price
NDP at factor price
GNP at factor price
GDP at Market price
8.
Percapita Income =
National Income - Population
National Income + Population
National Income \(\div\) Population
National Income x Population
9.
Value of output =
Sales + Change in stock
Sales - Change in stock
Sales \(\div\) Change in stock
Sales x Change in stock
10.
Formula for calculating NNP at factor cost.
\(\frac{Nominal\ GDP}{Real\ GDP}\times 100\)
NNP at Market Prices - Indirect taxes + Subsidies.
GNP - Depreciation allowance
Output = Income = Expenditure
11.
GDP stands for
Gross Domestic Product
Gross Direct Product
Gross Domestic Provident
Gross Derived Product
12.
GNP stands for
Net National Product
Gross Net Product
Gross Net Provident
Gross National Product
13.
The largest proportion of national income comes from___________
Private sector
Local sector
Public sector
None of the above
14.
PQLI is the indicator of___________.
Economic growth
Economic welfare
Economic welfare
Economic development
15.
The value of NNP at production point is called _________.
NNP at factor cost
NNP at market cost
GNP at factor cost
Per capita income
16.
When net factor income from abroad is deducted from NNP, the net value is__________
Gross National Product
Disposable Income
Net Domestic Product
Personal Income
17.
NNP stands for___________
Net National Product
National Net product
National Net Provident
National Net Provident
18.
Per capita income is obtained by dividing the National income by__________
Production
Population of a country
Expenditure
GNP
19.
Tertiary sector is also called as __________sector
Service
Income
Industrial
Consumption
20.
Which is the largest figure?
Disposable income
Personal Income
NNP
GNP
21.
GDP - deflator
22.
Disposable income
23.
NNP
24.
Net domestic product
25.
GDP by expenditure method at market prices
1.
(a)
Social Accounting
2.
(b)
Percapita Income
3.
(b)
Expenditure
4.
(b)
Real Income
5.
(c)
Personal Income
6.
(b)
Market price
7.
(d)
GDP at Market price
8.
(c)
National Income \(\div\) Population
9.
(a)
Sales + Change in stock
10.
(b)
NNP at Market Prices - Indirect taxes + Subsidies.
11.
(a)
Gross Domestic Product
12.
(d)
Gross National Product
13.
(a)
Private sector
14.
(b)
Economic welfare
15.
(a)
NNP at factor cost
16.
(c)
Net Domestic Product
17.
(a)
Net National Product
18.
(b)
Population of a country
19.
(a)
Service
20.
(d)
GNP
21.
\(\frac{Nominal\ GDP}{Real \ GDP}\times100\)
22.
Personal income - Direct tax
23.
GNP - Depreciation allowance
24.
GDP -Depreciation
25.
C+I+G+(X-M)
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Computer Science
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Maths
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Accountancy
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