CBSE Class 12 National Income Accounting Multiple Choice Questions with Answers. MCQ Questions Class 12 National Income Accounting with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 National Income Accounting with Answers to know their preparation level.
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MCQ Questions Class 12 National Income Accounting with Answers - Set - 5
Question 1:
Macro-economics is the study of:
(a) Principle or Theories of national income
(b) Consumer’s theory
(c) Production theory
(d) None of these.
Correct Answer – (A)
Question 2:
To include the value of goods or services more than one time while calculating National Income is called :
(a) Single Counting
(b) Double Counting
(c) Multiple Counting
(d) None of these
Correct Answer – (B)
Question 3:
Which one of the following services are included in the Secondary Sector?
(a) Insurance
(b) Manufacturing
(c) Trade
(d) Banking
Correct Answer – (B)
Question 4:
Which sector is included in an economy?
(a) Primary
(b) Secondary
(c) Tertiary
(d) All of these
Correct Answer – (D)
Question 5:
The market value of all final goods and services produced in an economy over a year is called :
(a) Gross National Product
(b) National Income
(c) Gross Domestic Product
(d) Net National Product
Correct Answer – (C)
MCQ Questions Class 12 National Income Accounting With Answers
Question 6:
Which one is a component of profit?
(a) Dividend
(b) Undistributed Profit
(c) Corporate Profit Tax
(d) All of these
Correct Answer – (D)
Question 7:
Which one is included in Primary Sector?
(a) Land
(b) Forest
(c) Mining
(d) All these
Correct Answer – (D)
Question 8:
Which of the following is not included in the calculation of Gross National Product?
(a) Purchase and Sale of Old commodities
(b) Intermediate Commodities
(c) (a) and (b) both
(d) None of the above
Correct Answer – (C)
Question 9:
Which method is adopted in measuring National Income?
(a) Production Method
(b) Income Method
(c) Expenditure Method
(d) All of these
Correct Answer – (D)
Question 10:
If for a country net factor income from abroad is negative then:
(a) GDP < GNP
(b) GDP > GNP
(c) GDP ≥ GNP
(d) GDP = GNP
