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.
Students who are searching for NCERT MCQ Questions Class 12 National Income Accounting with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 National Income Accounting with Answers. You can also verify your answers from the provided MCQ Class 12 National Income Accounting with Answers. So, ace up your preparation with MCQ of Class 12 Economics Examinations.
MCQ Questions Class 12 National Income Accounting with Answers - Set - 1
Question 1:Â
Calculation of National Income at Market Prices is known as _________
(A) Money income
(B) Real income
(C) Non-monetary income
(D) None of these
Correct Answer – (A)
Question 2:Â
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
Correct Answer – (A)
Question 3:Â
NNPFCÂ =
(A) GNPFC – Depreciation
(B) NNPMP + Economic subsidy – Indirect taxes
(C) NDPMPÂ + Net factor income from abroad
(D) All of these
Correct Answer – (A)
Question 4:Â
GDPFCÂ =
(A) GDPMP – Net indirect taxes
(B) GDPMPÂ + Net indirect taxes
(C) GDPMPÂ + Subsidies
(D) GDPMP – Indirect taxes
Correct Answer – (A)
Question 5:Â
NDPMPÂ = ________
(A) GDPMP – Depreciation
(B) GDPFCÂ + Net factor income from abroad
(C) NNPFCÂ + Net indirect taxes
(D) All of these
Correct Answer – (A)
MCQ Questions Class 12 National Income Accounting With Answers
Question 6:Â
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
Correct Answer – (D)
Question 7:Â
Which of the following is the method of measuring National Income?
(A) Income method
(B) Product method
(C) Expenditure method
(D) All of these
Correct Answer – (D)
Question 8:Â
NDPFCÂ =
(A) GDPFC – Indirect taxes
(B) GDPFC – Depreciation
(C) GDPFCÂ + Economic subsidy
(D) All of these
Correct Answer – (A)
Question 9:Â
NNPMPÂ = ________
(A) GNPMP – Depreciation
(B) NDPMPÂ + Net factor income from abroad
(C) NNPFCÂ + Net indirect taxes
(D) All of these
Correct Answer – (D)
Question 10:Â
GNP at MP = ______
(A) GDPMP – Depreciation
(B) GDPMPÂ + Depreciation
(C) GDPMP ÷ Depreciation
(D) GDPMPÂ + Net factor income from abroad
