12th Standard CBSE - Economics - National Income and Its Measurement

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Question - 1

Transfer payments are ..........

  • A payments transferred from Central Government account to State Government account
  • B payments made to factors of production by an organiser
  • C payments made for no return service
  • D None of the above

Question - 2

Real National Income means the National Income measured in terms of ........

  • A constant prices
  • B current prices
  • C wholesale prices
  • D retail prices

Question - 3

Personal Disposable Income means .........

  • A Personal Income - Personal Direct Taxes
  • B Personal Income - Net Indirect Taxes
  • C Personal Income + Personal Direct Taxes
  • D Personal Income + Net Indirect Taxes

Question - 4

.......... is the income which accrues to the private sector from all sources.

  • A Personal Income 
  • B Real income
  • C Private income
  • D Personal Disposable Income

Question - 5

GNP Deflator = \(\frac { Nominal\quad GNP }{ ? } \times 100\)

  • A Real GNP 
  • B Constant Price
  • C Current Price
  • D None of these

Question - 6

In GNP calculation, which of the following should be excluded?

  • A Rental incomes
  • B Interest payments
  • C Dividents
  • D Government transfer payment

Question - 7

Transfer payments are ..........

  • A payments transferred from Central Government account to State Government account
  • B payments made to factors of production by an organiser
  • C payments made for no return service
  • D None of the above

Question - 8

Which of the following represents National Income?

  • A \({ GNP }_{ FC }\)
  • B \({ NDP }_{ FC }\)
  • C \({ NNP }_{ MP }\)
  • D \({ NNP }_{ FC }\)

Question - 9

Real National Income means the National Income measured in terms of ........

  • A constant prices
  • B current prices
  • C wholesale prices
  • D retail prices

Question - 10

Personal Disposable Income means .........

  • A Personal Income - Personal Direct Taxes
  • B Personal Income - Net Indirect Taxes
  • C Personal Income + Personal Direct Taxes
  • D Personal Income + Net Indirect Taxes