National Income Accounting Class 12 MCQs Questions with Answers

1. Which of the following items are excluded from GNP measurement?

2. Which one is included in the three-sector model?

3. NNPMP = ________

4. Which one is included in National Income?

5. Which is the equilibrium condition of circular flow in the four sector model?

6. Which of the following is the method of measuring National Income?

7. Who had made the first attempt at National Income Accounting?

8. GNP at MP = ______

9. If for a country net factor income from abroad is negative then:

10. The subject of the Study of Macro Economics is:

11. What is the consumption of fixed capital called?

12. Calculation of National Income at Market Prices is known as _________

13. NDPMP = ________

14. The market value of all final goods and services produced in an economy over a year is called :

15. Production enterprises are divided in:

16. GDPFC =

17. Which of the following is included in real flow?

18. Increase in Stock of Capital is known as:

19. Which services are provided by families to a firm?

20. Why are the intermediate goods not included in the National Income while measuring National Income?