National Income Accounting Class 12 MCQs Questions with Answers

1. What is the consumption of fixed capital called?

2. Production enterprises are divided in:

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

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

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

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

7. NDPMP = ________

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

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

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

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

12. GNP at MP = ______

13. GDPFC =

14. Increase in Stock of Capital is known as:

15. Which one is included in National Income?

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

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

18. NNPMP = ________

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

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