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 - 2
Question 1:
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
Correct Answer – (D)
Question 2:
Which of the following is stock ?
(a) Wealth
(b) Saving
(c) Export
(d) Profit
Correct Answer – (A)
Question 3:
Employment Theory is related to :
(a) Static Economics
(b) Micro Economics
(c) Macro Economics
(d) None of these
Correct Answer – (C)
Question 4:
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
Correct Answer – (A)
Question 5:
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
Correct Answer – (D)
MCQ Questions Class 12 National Income Accounting With Answers
Question 6:
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
Correct Answer – (C)
Question 7:
Increase in Stock of Capital is known as:
(a) Capital Loss
(b) Capital Profit
(c) Capital Formation
(d) None of these
Correct Answer – (C)
Question 8:
General Price Level is studied in:
(a) Micro Economics
(b) Macro Economics
(c) Both (a) and (b)
(d) None of these
Correct Answer – (B)
Question 9:
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
Correct Answer – (A)
Question 10:
Accounting of National Income at constant prices is known as ________
(A) Money income
(B) Real income
(C) Current income
(D) Domestic income
