CBSE Questions for Class 12 Commerce Economics National Income Accounting Quiz 5 - MCQExams.com

In India, poverty is measured in ___________ terms.
  • absolute
  • relative
  • both
  • none of the above
When poverty is not related to income or consumption expenditure, it is ___________.
  • absolute
  • relative
  • below poverty line
  • none of the above
India's per capita income is showing a year on year ___________.
  • increase
  • decrease
  • constant
  • none of above
In Dx$$=$$f(Px, T, Y)Y is?
  • Income level of consumer
  • Tastes of consumer
  • Quantity of demand of goods
  • None of the above
For developed economies which of the following methods is most suitable?
  • Value Added Method
  • Income Method
  • Expenditure Method
  • Product Method
These days, an increasing proportion of national income is being measured by _______.
  • Value Added Method
  • Income Method
  • Expenditure Method
  • Product Method
"Determination of wage rate, distribution of national income" was the theory given by?
  • Adam smith
  • A. marshall
  • Ricardo
  • Pigon
In countries like India, in practice _________.
  • contributions of different sectors are calculated by different methods
  • one consistent method is used
  • both above are true depending upon facts and circumstances
  • none of above is true
The net values added (NVA) method of measuring national income is also known as ______.
  • net output method
  • production method
  • industry of origin method
  • all of the above
For studying the various national income components it is required that data should be collected on _______________.
  • Expenditure
  • Investments
  • Income
  • All of the above
Income method focuses on measurement of national income at _________.
  • phase of income disposition
  • phase of income distribution
  • phase of production of goods and services
  • all of the above
Excise Duty is leviable on __________, but payable only on __________of goods.
  • manufacture, removal
  • removal, manufacture
  • import, export
  • export, import
The production method of calculating national income is also known as _________.
  • income method
  • subtraction method
  • value added method
  • repeated distribution method
India's National income is showing a / an _____________.
  • Increasing Trend
  • Decreasing Trend
  • Constant Trend
  • Fluctuating Trend
Mixed income of the self employed means __________.
  • gross profits received by proprietors
  • rent, interest and profit of an enterprise
  • combined factor payments, which are not distinguishable
  • wages due to family workers
Net national product at factor cost is ___________.
  • equal to national income
  • less than national income
  • more than national income
  • sometimes less than national income and sometimes more than it
Identify the items which is not a factor payment.
  • Free uniform to defense personnel
  • Salaries to the members of Parliament
  • Imputed rent of an owner occupied building
  • Scholarship given to the scheduled caste students
If Willingness to Save is less, the level of ________ will be higher.
  • Government regulated Savings
  • Compulsory Savings
  • Forced Savings
  • All of the above
Net National Product at Factor Cost can be calculated as ___________.
  • NNP at Market Prices less Net Indirect Taxes
  • GNP at Factor Cost less Depreciation
  • NDP at Factor Cost plus Net Factor Income from abroad
  • All of the above
Per capita national income is measured as ________.
  • $$\dfrac{NNP}{Population}$$
  • $$\dfrac{\text{Total capital}}{Population}$$
  • $$\dfrac{Population}{NNP}$$
  • None of the above
The difference between the $$GDP_{MP}$$ and $$GNP_{MP}$$ is ____________.
  • net factor income from abroad
  • depreciation
  • net income
  • none of these
Which one of the following agencies in India is responsible for computation of national income?
  • NCAER
  • CSO
  • NSS
  • RBI
Which of the following equations regarding GDP and GNP at Factor Cost is true?
  • GDP or GNP at Market Prices = GDP or GNP at Factor Cost Less Indirect Taxes, less subsidies
  • GDP or GNP at Market Prices = GDP or GNP at Factor Cost Plus Indirect Taxes, less subsidies
  • GDP or GNP at Market Prices = GDP or GNP at Factor Cost Less Indirect Taxes, plus subsidies
  • GDP or GNP at Market Prices = GDP or GNP at Factor Cost Plus Indirect Taxes, plus subsidies
Net National product (NNP) at factor cost was ________ in 1950-51.
  • Rs. 92,367 crore
  • Rs. 1,02,367 crore
  • Rs. 1,22,367 crore
  • Rs. 2,04,924 crore
GNP at Factor Cost Less Depreciation equals ___________.
  • NNP at Market Price
  • NNP at Factor Cost
  • GDP at Market Price
  • GDP at Factor Cost
GNP at Market Price Less Net Indirect Taxes equals -
  • GDP at Market Price
  • GNP at Factor Cost
  • NDP at Market Price
  • NDP at Factor Cost
Suppose $$NDP_{MP}$$ is constant and depreciation is increasing then $$GDP_{MP}$$ ______________.
  • decreases
  • increases
  • decreases with same amount of depreciation
  • increases with same amount of depreciation
Which of the following equation is used to arrive at GNP at Factor Cost?
  • GNP at Factor Cost = GDP at Factor Cost + Net Factor Income from Abroad
  • GNP at Factor Cost = GDP at Factor Cost X Net Factor Income from Abroad
  • GNP at Factor Cost = GDP at Factor Cost - Net Factor Income from Abroad
  • GNP at Factor Cost = GDP at Factor Cost + Net Factor Income from Abroad - Depreciation
Which of the following is incorrect?
  • GNP at Market Price - Depreciation = NNP market price
  • GNP at Market Price - NFIA = GDP market price
  • GNP at Market Price - Net indirect tax = GNP at Factor Cost
  • None of these
NNP at factor cost in 2010-11 was __________.
  • Rs. 20,41,776 crore
  • Rs. 42,60,000 crore
  • Rs. 27,64,795 crore
  • Rs. 21,40,536 crore
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