📖 generic · 12th TN - English Medium · ECONOMICS · Page 35question

Accounting · Part 4

Chapter 2: Chapter 2 · ECONOMICS

also known as (a) National Income (b) Domestic Income (c) Per capita Income (d) Salary. . Primary sector is ………………….. (a) Industry (b) Trade (c) Agriculture (d) Construction.

. National income is measured by using ……….. methods. (a) Two (b) Three (c) Five (d) Four .

Income method is measured by summing up of all forms of …………… (a) Production (b) Taxes (c) expenditure (d) Income - - National Income . Which is the largest figure? (a) Disposable income (b) Personal Income (c) NNP (d) GNP . Expenditure method is used to estimate national income in …………..

(a) Construction sector (b) Agricultural Sector (c) Service sector (d) Banking sector . Tertiary sector is also called as ………. sector (a) Service (b) Income (c) Industrial (d) Production . National income is a measure of the ……… performance of an economy.

(a) Industrial (b) Agricultural (c) Economic (d) Consumption . Per capita income is obtained by dividing the National income by ………… (a) Production (b) Population of a country (c) Expenditure (d) GNP . GNP = ………. + Net factor income from abroad.

(a) NNP (b) NDP (c) GDP (d) Personal income . NNP stands for ………. (a) Net National Product (b) National Net product (c) National Net Provident (d) Net National Provident . ……… is deducted from gross value to get the net value.

(a) Income (b) Depreciation (c) Expenditure (d) Value of final goods . The financial year in India is …… (a) April to March (b) March to April (c) March to March (d) January to December . When net factor income from abroad is deducted from NNP, the net value is ……. (a) Gross National Product (b) Disposable Income (c) Net Domestic Product (d) Personal Income .

The value of NNP at production point is called …… (a) NNP at factor cost (b) NNP at market cost (c) GNP at factor cost (d) Per capita income . The average income of the country is …. (a) Personal Income (b) Per capita income (c) Inflation Rate (d) Disposal

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