MCQ Questions for Class 12 Economics Chapter 2 : Class 12 Chapter 2 “National Income Accounting ” MCQ Questions for Class 12 Economics with Answers PDF Free Download here according to the latest CBSE syllabus and NCERT curriculum.
MCQ Questions for Class 12 Economics Chapter 2 National Income Accounting
Here CBSE RBSE and Other State Board NCERT Objective MCQ Questions of Class 12 Economics Chapter 2 “National Income Accounting ” with Answers Pdf will guide students to do a quick revision for all chapter.
Q1. NNPMP = __
(A) GNPMP – Depreciation
(B) NDPMP + Net factor income from abroad
(C) NNPFC + Net indirect taxes
(D) All of these
(D) All of these
Q2. GDPFC =
(A) GDPMP – Net indirect taxes
(B) GDPMP + Net indirect taxes
(C) GDPMP + Subsidies
(D) GDPMP – Indirect taxes
(A) GDPMP – Net indirect taxes
Q3. NDPFC =
(A) GDPFC – Indirect taxes
(B) GDPFC – Depreciation
(C) GDPFC + Economic subsidy
(D) All of these
(B) GDPFC – Depreciation
Q4. NNPFC =
(A) GNPFC – Depreciation
(B) NNPMP + Economic subsidy – Indirect taxes
(C) NDPMP + Net factor income from abroad
(D) All of these
(D) All of these
Q5. Which of the following is the method of measuring National Income?
(A) Income method
(B) Product method
(C) Expenditure method
(D) All of these
(D) All of these
Q6. Why are the intermediate goods not included in the National Income while measuring National Income?
(A) To avoid double accounting
(B) It decreases income
(C) Intermediate goods are not good
(D) All of these
(A) To avoid double accounting
Q7. Who had made the first attempt at National Income Accounting?
(A) Prof. D.R.Gadgill
(B) Simon Kuznets
(C) J.M.Keynes
(D) Gregory King
(D) Gregory King
Q8. Calculation of National Income at Market Prices is known as _
(A) Money income
(B) Real income
(C) Non-monetary income
(D) None of these
(A) Money income
Q9. Accounting of National Income at constant prices is known as __
(A) Money income
(B) Real income
(C) Current income
(D) Domestic income
(B) Real income
Q10. Which of the following items are excluded from GNP measurement?
(A) Purely financial transactions
(B) Transfer of used goods and non-market goods and services
(C) Illegal activities and the value of leisure
(D) All of these
(D) All of these
Q11. The subject of the Study of Macro Economics is:
(a) The Principle of National Income
(b) The Principle of Consumer
(c) The Principle of Producer
(d) None of these
(a) The Principle of National Income
Q12. Macro Economics Studies:
(a) Employment opportunities in the economy
(b) Theory of supply of Commodities
(c) Elasticity of demand in Scooter
(d) Price of wheat in the market
(a) Employment opportunities in the economy
Q13. General Price Level is studied in:
(a) Micro Economics
(b) Macro Economics
(c) Both (a) and (b)
(d) None of these
(b) Macro Economics
Q14. Employment Theory is related to :
(a) Static Economics
(b) Micro Economics
(c) Macro Economics
(d) None of these
(c) Macro Economics
Q15. Increase in Stock of Capital is known as:
(a) Capital Loss
(b) Capital Profit
(c) Capital Formation
(d) None of these
(c) Capital Formation
Q16. Which of the following is sPktock ?
(a) Wealth
(b) Saving
(c) Export
(d) Profit
(a) Wealth
Q17. Which one of the following is included in circular flow?
(a) Real Flow
(b) Money Flow
(c) Both (a) and (b)
(d) None of these
(c) Both (a) and (b)
Q18. Which one of the following is included in ‘Stock’?
(a) Quantity of Money
(b) Wealth
(c) Quantity of wheat stored in a warehouse
(d) All the above
(d) All the above
Q19. Which one is included inflow ?
(a) Consumption
(b) Investment
(c) Income
(d) All of these
(b) Investment
Q20. Which of the following is included in real flow?
(a) Flow of Goods
(b) Flow of Services
(c) Both (a) and (b)
(d) None of these
(c) Both (a) and (b)
Q21. Which services are provided by families to a firm?
(a) Land
(b) Labour
(c) Capital and Enterprises
(d) All the above
(d) All the above
Q22. Which one is included in the three-sector model?
(a) Family
(b) Firm
(c) Government
(d) All of these
(d) All of these
