Karnataka PUC II National Income Accounting — practice questions
14 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice Karnataka PUC II National Income Accounting in the app →GDP at market prices for a domestic economy in a year isWhich of the following is an INTERMEDIATE good rather than a final good?The expression GNP = GDP + Net Factor Income from Abroad (NFIA) meansWhich item is included in the COMPENSATION of employees in the income method?Net Domestic Product (NDP) at market prices equalsThe Value-Added Method calculates national income byWhich of the following is INCLUDED in GDP?If NDP at factor cost is ₹100 lakh and net indirect taxes are ₹15 lakh, NDP at market prices isPersonal Disposable Income (PDI) equalsWhich is a TRANSFER payment in the macroeconomic framework?Which equation correctly states the EXPENDITURE method of GDP at market prices?If GDP at market prices = ₹500, depreciation = ₹50, net indirect taxes = ₹40, NFIA = ₹10, then NNP at factor cWhy is NNP at FACTOR COST (rather than at market prices) called the National Income?GDP and welfare are NOT identical because GDP