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Published on: 02/09/2022
QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Economics Subject - National Income , English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
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.
Inventories of finished and unfinished goods are called _________.
Net Investment
Investment
Gross Investment
Both 'a' and 'b'
2.
Goods and services produced in a year to satisfy immediate wants is known as ________.
Production
Consumption
Distribution
Exchange
3.
GNP includes __________ types of final goods and services.
Two
Four
Five
Three
4.
GNP is the total measure of the flow of _______ and services.
Semi goods
Semi finished good
Final goods
None of these
5.
Net Domestic = GDP - _________.
NNP
NDP
GNP
Depreciation
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.
Nobel laureate Smimon Kuznets introduced the first concept of _________
Percapita Income
National Income
Domestic Income
Personal Income
9.
National Income provides a comprehensive measure of _________ activities of a nation.
Economic activity
Production activity
Consumption activity
Industrial activity
10.
A country which has no economic relations with other countries in termed as
Open economy
Closed economy
Planned economy
Command economy
11.
Percapita Income =
National Income - Population
National Income + Population
National Income \(\div\) Population
National Income x Population
12.
Value of output =
Sales + Change in stock
Sales - Change in stock
Sales \(\div\) Change in stock
Sales x Change in stock
13.
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
14.
GDP stands for
Gross Domestic Product
Gross Direct Product
Gross Domestic Provident
Gross Derived Product
15.
GNP stands for
Net National Product
Gross Net Product
Gross Net Provident
Gross National Product
1.
(c)
Gross Investment
2.
(b)
Consumption
3.
(c)
Five
4.
(c)
Final goods
5.
(d)
Depreciation
6.
(b)
Market price
7.
(d)
GDP at Market price
8.
(b)
National Income
9.
(a)
Economic activity
10.
(b)
Closed economy
11.
(c)
National Income \(\div\) Population
12.
(a)
Sales + Change in stock
13.
(b)
NNP at Market Prices - Indirect taxes + Subsidies.
14.
(a)
Gross Domestic Product
15.
(d)
Gross National Product
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History
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