National Income Accounting Class 12 MCQs Questions with Answers

1. GDPFC =

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

3. Which one is included in National Income?

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

5. GNP at MP = ______

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

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

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

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

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

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

12. Increase in Stock of Capital is known as:

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

14. What is the consumption of fixed capital called?

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

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

17. NDPMP = ________

18. NNPMP = ________

19. Production enterprises are divided in:

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