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. Expenditure method is used to estimate national income in ………….. Construction sector Agricultural Sector Service sector Banking sector None 2. Per capita income is obtained by dividing the National income by ………… Production Population of a country Expenditure GNP None 3. Which is the largest figure? Disposable income Personal Income NNP GNP None 4. GNP = ………. + Net factor income from abroad. NNP NDP GDP Personal income None 5. Primary sector is ………………….. Industry Trade Agriculture Construction None 6. National income is a measure of the ……… performance of an economy. Industrial Agricultural Economic Consumption None 7. Tertiary sector is also called as ………. sector Service Income Industrial Production None 8. Income method is measured by summing up of all forms of …………… Revenue Taxes Expenditure Income None 9. Net National product at factor cost is also known as National Income Domestic Income Per capita Income Salary None 10. National income is measured by using ……….. methods. Two Three Five Four None 11. The largest proportion of national income comes from ……. Private sector Local sector Public sector None of the above None 12. The average income of the country is …. Personal Income Per capita income Inflation Rate Disposal Income None 13. Which is a flow concept ? Number of shirts Total wealth Monthly income Money supply None 14. 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 15. PQLI is the indicator of ……………… Economic growth Economic welfare Economic progress Economic development None 16. The value of national income adjusted for inflation is called …. Inflation Rate Disposal Income GNP Real national income None 17. NNP stands for ………. Net National Product National Net product National Net Provident Net National Provident None 18. ……… is deducted from gross value to get the net value. Income Depreciation Expenditure Value of final goods None 19. 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 20. 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 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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