Chapter 2: National Income March 10, 2024 Maven Leave a Comment Welcome to the Chapter 2: National Income Quiz! This quiz is based on the book back questions. Name Email 1. The financial year in India is …… April 1 to March 31 March 1 to April 30 March 1 to March 16 January 1 to December 31 None 2. The average income of the country is …. Personal Income Per capita income Inflation Rate Disposal Income None 3. NNP stands for ………. Net National Product National Net product National Net Provident Net National Provident None 4. The value of national income adjusted for inflation is called …. Inflation Rate Disposal Income GNP Real national income None 5. When net factor income from abroad is deducted from NNP, the net value is ……. Gross National Product Disposable Income Net Domestic Product Personal Income None 6. The value of NNP at production point is called …… NNP at factor cost NNP at market cost GNP at factor cost Per capita income None 7. PQLI is the indicator of ……………… Economic growth Economic welfare Economic progress Economic development None 8. Which is a flow concept ? Number of shirts Total wealth Monthly income Money supply None 9. The largest proportion of national income comes from ……. Private sector Local sector Public sector None of the above None 10. ……… is deducted from gross value to get the net value. Income Depreciation Expenditure Value of final goods None 11. National income is a measure of the ……… performance of an economy. Industrial Agricultural Economic Consumption None 12. Which is the largest figure? Disposable income Personal Income NNP GNP None 13. GNP = ………. + Net factor income from abroad. NNP NDP GDP Personal income None 14. National income is measured by using ……….. methods. Two Three Five Four None 15. Tertiary sector is also called as ………. sector Service Income Industrial Production None 16. Primary sector is ………………….. Industry Trade Agriculture Construction None 17. Expenditure method is used to estimate national income in ………….. Construction sector Agricultural Sector Service sector Banking sector None 18. Net National product at factor cost is also known as National Income Domestic Income Per capita Income Salary None 19. Income method is measured by summing up of all forms of …………… Revenue Taxes Expenditure Income None 20. Per capita income is obtained by dividing the National income by ………… Production Population of a country Expenditure GNP None Time's up Related Posts:Chapter 3: Theories of Employment and IncomeChapter 1: Introduction to Micro EconomicsChapter 2. Consumption AnalysisChapter 3: Production Analysis
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