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Category Macro Economics (Class 12th)

Macro Economics (Class 12th) 28 Questions

15 Sub Categories

0 Votes 1 Ans

When net factor income from abroad is negative then:

789 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

Out of the following aggregates, which combination represents National Income and Domestic Income?

788 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

GNP at FC is equal to NNP at FC when:

932 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

Which of the following statement is incorrect? Gross Domestic Product (GDP) at Market Price = GDP at factor cost plus Net Indirect Taxes

714 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

GNP exceeds NNP by:

721 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

If net national product is given at Market Prices, we ____ indirect taxes and _____ subsidies to get National Income of the economy

675 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

National Income is equal to:

732 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

Net Domestic product at factor cost is less than national income when:

669 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

Domestic factor income is another name for:

653 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

In which type of economy, domestic income is equal to national income?

648 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

If economic subsidies are added to and indirect taxes are subtracted from the national income at market prices, then it will be equal to:

707 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

Fill in the blank: NNP at FC _______ = GDP at MP

663 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

If factor income received from abroad is equal to factor income paid abroad, then which of the following is not a valid statement?

908 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

0 Votes 1 Ans

Out of the following, which aggregate represents National Income?

724 viewsAnurag Pathak Changed status to publish December 7, 2023MCQs (National Income)

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Statement 1: GNP at MP includes goods and services produced by all units located within the domestic territory irrespective of fact whether produced by residents or non-residents.

737 viewsAnurag Pathak Changed status to publish December 7, 2023Statement Type

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Statement 1: Domestic Income considers all producers who are normal residents of the country.

853 viewsAnurag Pathak Changed status to publish December 7, 2023Statement Type

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Statement 1: NDP at FC is also known as Domestic Income

772 viewsAnurag Pathak Changed status to publish December 7, 2023Statement Type

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Assertion (A): National Income is a national concept.

947 viewsAnurag Pathak Changed status to publish December 7, 2023Assertion Reason

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Assertion (A): Domestic Income is a territorial concept

950 viewsAnurag Pathak Changed status to publish December 7, 2023Assertion Reason

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