National Income Accounting Class 12 MCQs Questions with Answers

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

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

3. GDPFC =

4. NDPMP = ________

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

6. NNPMP = ________

7. GNP at MP = ______

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

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

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

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

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

13. What is the consumption of fixed capital called?

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

15. Increase in Stock of Capital is known as:

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

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

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

19. Production enterprises are divided in:

20. Which one is included in National Income?