National Income Accounting CBSE Questions & Answers

National Income Accounting

This is Economics Class 12 National Income Accounting CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
Can the net factor income earned from abroad be positive?
  • A
    Can’t say
  • B
    Never
  • C
    Yes
    Correct
  • D
    No
2
Can the net indirect taxes be positive?
  • A
    Never
  • B
    Can’t say
  • C
    No
  • D
    Yes
    Correct
3
Can the change in inventories be in positive?
  • A
    Never
  • B
    No
  • C
    Yes
    Correct
  • D
    Can’t say
4
Which of the following is a component of Net factor income from abroad is
  • A
    Net subsidies
  • B
    Net compensation of employees
    Correct
  • C
    Net indirect taxes
  • D
    Net current transfers
5
Net income from property and entrepreneurship is a component of Net Factor Income from Abroad
  • A
    FALSE
  • B
    Never
  • C
    Can’t say
  • D
    1
    Correct
6
Depreciation is fall in value of fixed assets due to normal wear and tear. Is this information sufficient?
  • A
    TRUE
  • B
    0
    Correct
  • C
    Can’t say
  • D
    Never
7
Depreciation is fall in value of fixed assets due to obsolescence. Is this information sufficient?
  • A
    Never
  • B
    TRUE
  • C
    0
    Correct
  • D
    Can’t say
8
Stock is a concept which
  • A
    is measured at a particular point of time.
    Correct
  • B
    is measured at a particular period of time.
  • C
    Cannot be measured at a particular point of time.
  • D
    is measured after a particular point of time.
9
Stock is a
  • A
    Dynamic concept
  • B
    Non economic concept
  • C
    Static concept
    Correct
  • D
    Hypothetical concept
10
Flow is a concept which is
  • A
    is measured at a particular point of time.
  • B
    is measured at a particular period of time.
    Correct
  • C
    is measured after a particular point of time.
  • D
    Cannot be measured at a particular point of time.
11
Flow is a
  • A
    Dynamic concept
    Correct
  • B
    Hypothetical concept
  • C
    Non economic concept
  • D
    Static concept
12
Wealth is a
  • A
    Flow concept
  • B
    Non economic concept
  • C
    Hypothetical concept
  • D
    Stock concept
    Correct
13
water in a tank is a
  • A
    Flow concept
  • B
    Non economic concept
  • C
    Hypothetical concept
  • D
    Stock concept
    Correct
14
National Income is a
  • A
    Stock concept
  • B
    Hypothetical concept
  • C
    Non economic concept
  • D
    Flow concept
    Correct
15
Investment is a
  • A
    Flow concept
    Correct
  • B
    Stock concept
  • C
    Hypothetical concept
  • D
    Non economic concept