National Income Accounting Class 12 MCQs Questions with Answers

1. Production enterprises are divided in:

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

3. GNP at MP = ______

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

5. NNPMP = ________

6. What is the consumption of fixed capital called?

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

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

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

10. GDPFC =

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

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

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

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

15. Increase in Stock of Capital is known as:

16. Which one is included in National Income?

17. NDPMP = ________

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

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

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