CBSE Questions for Class 12 Commerce Economics National Income Accounting Quiz 10 - MCQExams.com

Factor payment received by the households for rendering their services as employees of the producing units is called
  • compensation of employees
  • rent
  • interest
  • profit
Expenditure on Goods and Services =
  • Government expenditure + Investment expenditure
  • Consumption expenditure + Government consumption expenditure
  • Consumption expenditure + Investment expenditure
  • None of these
If GDP fc = Rs 24,760, operating surplus = Rs 13,450, mixed income = Rs 4,260 and consumption of fixed capital = Rs 530, then compensation of employees will be
  • 6,520
  • 7,050
  • 18,240
  • 43,000
If stock at the end of the year is Rs. 37,700 and change in stock during an accounting year is Rs. 12,300, then opening stock, in this case, will be
  • 12,300
  • 25,400
  • 37,700
  • 50,000
Which of the following is not included in inventory investment?
  • Stock of finished goods
  • Stock of semi-finished goods
  • Consumer goods sold to the households during the accounting year
  • Stock of raw materials
Capital formation does not consist of ___________.
  • Savings by the community
  • Mobilisation of savings of the country
  • Investment
  • Higher standard of living
_______ is the method of measuring national income is used in the real estate, ownership and dwelling and business services sector.
  • Value added method
  • Income method
  • Expenditure method
  • None of the above
An __________ into circular flow is income received by a sector, that does not arise from the spending of other sector."
  • Leakage
  • Savings
  • Injection
  • Investment.
As per AS-2, historical cost of inventory includes ___________.
  • Cost of purchase
  • Cost of conversion
  • Other cost incurred in bringing the inventories in their present condition
  • All of these
Which among the following is not an important objective in estimating national income?
  • To study the economic problems
  • To help in formulating government plans
  • To calculate the population of a country
  • To analyse the contribution of different sectors
When NNPmp = Rs. 5,330, indirect taxes = 1,770 and consumption of fixed capital = 1,550, then GNPfc =
  • 2,010
  • 3,560
  • 5,110
  • 8,650
Which among the following concepts of national income considers the domestic territory of a country?
  • GNP
  • GDP
  • Per capita income
  • NNP
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