New ! Economics MCQ Practise Tests



National Income 3 Mark Creative Question Paper With Answer Key

12th Standard

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Economics

Time : 01:30:00 Hrs
Total Marks : 45

    3 Marks 

    15 x 3 = 45
  1. What are the difficulties in measuring National Income?

  2. Write down the some of the statistical problems?

  3. What is Depreciation?

  4. What is Per capita income?

  5. What is Output method? What is its major challenge?

  6. What are the National Income identities?

  7. What are the five types of final goods and services that GNP includes?

  8. Compare and contrast different measures of GDP calculations.

  9. How the gross value of the farm output is obtained In India?

  10. What are the steps involved in income method?

  11. What are the items should not be included while estimating national income through income method?

  12. What are the items should be included while estimating national income through income method?

  13. Write a note on social account method of national income.

  14. Why does depreciation is added to national income to calculate GDP when using the income approach but do not do so when using the expenditure approach?

  15. What are the precautions to be followed in the product method?

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