MCQ Economics Class 12 Chapter 2 National Income Accounting Advertisement MacroeconomicsMCQ’s For All Chapters – Macroeconomics Class 12th 1. Which of the following is a flow variableConsumptionWealthQuantity of moneyNone of theseQuestion 1 of 142. Market price of the final goods and services (Including depreciation) produced within the domestic territory of a country during an accounting year is called:GDP at Market PriceGNP at Factor CostNNP at Factor costGDP at Factor CostQuestion 2 of 143. Which one includes depreciation?GNP at Market PriceNNP at Market PriceNNP at Factor CostNone of theseQuestion 3 of 144. A quantity measured per unit of time period is known asStock variableFlow variableInventoryNone of theseQuestion 4 of 145. Which one is correct?National Income : NDP at Factor Cost - Net Factor Income from AbroadGNP at Factor Cost : GNP at Market Price + Net Indirect TaxPersonal Income : Private Income - Corporate Tax - Corporate SavingDisposable Income : Saving of Household Sector - Consumption of Household SectorQuestion 5 of 146. GNP at market price is measured as:GDP at market price – DepreciationGDP at market price + Net factor Income from abroadGNP at market price + subsidiesNDP at factor cost + Net factor income from abroadQuestion 6 of 147. Which of the following items is not included while estimating GNP of a country at market prices?Salaries and wages before taxesIndirect taxesRemittances by NRIsSubsidyQuestion 7 of 148. Which of the following items is not included while estimating national Income by Income method?RentMixed incomeFixed investmentUndistributed profitsQuestion 8 of 149. Value added method measured the contribution of which of the following within the domestic territory of a country?One producing enterprise only All producing enterprisesA few producing enterprisesNone of theseQuestion 9 of 1410. In India, suppliers of money are:Government of the countryBanking system of the countryBoth (a) and (b)None of theseQuestion 10 of 1411. As a result of double counting, national incomes is:Over- estimatedUnder- estimatedCorrectly - estimatedNot estimated for the entire year of accountingQuestion 11 of 1412. Real national income means:National income at current pricesNational income at factor pricesNational income at constant pricesNational income at average prices of the past 10 yearsQuestion 12 of 1413. Which of the following is not included in final consumption expenditure?Household expenditure on foodGovernment final consumption expenditureHousehold expenditure on educationExpenditure on raw materialQuestion 13 of 1414. Which of these is a limitation in the measurement of social welfare using GDP at constant prices as an index?Increase in population sizeChange in working conditionsComposition of productionAll of theseQuestion 14 of 14 Loading...
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