12th Economics Chapter 2 One mark Quiz _ Free Online Test 

1. chapter - 2
2. Topic - national income
3. click here - 12th Economics All Chapter online test 1-12
4. Click here - 12th Economics book back solutions

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Edit QaNet National product at factor cost is also known as –uestion here

(a) National Income✔X

(b) Domestic Income✔X

(c) Per capita Income✔X

(d) Salary✔X

2/20

Primary sector is –

(a) Industry✔X

(b) Trade✔X

(c) Agriculture✔X

(d) Construction✔X

3/20

National income is measured by using ………………. methods.

(a) Two✔X

(b) Three✔X

(c) Five✔X

(d) Four✔X

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Income method is measured by summing up of all forms of –

(a) Revenue✔X

(b) Taxes✔X

(c) Expenditure✔X

(d) Income✔X

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Edit Question hereWhich is the largest figure?

(a) Disposable income✔X

(b) Personal Income✔X

(c) NNP✔X

d) GNP✔X

6/20

Expenditure method is used to estimate national income in –

(a) Construction sector✔X

(b) Agricultural Sector✔X

(c) Service sector✔X

(d) Banking sector✔X

7/20

Tertiary sector is also called as ……………………….. sector.

a) Service✔X

(b) Income✔X

(c) Industrial✔X

(d) Production✔X

8/20

National income is a measure of the performance of an economy.

(a) Industrial✔X

(b) Agricultural✔X

(c) Economic✔X

(d) Consumption✔X

9/20

Per capita income is obtained by dividing the National income by –

(a) Production✔X

(b) Population of a country✔X

(c) Expenditure✔X

(d) GNP✔X

10/20

GNP = ……………………… + Net factor income from abroad.

(a) NNP✔X

b) NDP✔X

(c) GDP✔X

(d) Personal income✔X

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NNP stands for ………………………

(a) Net National Product✔X

(b) National Net product✔X

(c) National Net Provident✔X

(d) Net National Provident✔X

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…………………… is deducted from gross value to get the net value.

(a) Income✔X

(b) Depreciation✔X

(c) Expenditure✔X

(d) Value of final goods✔X

13/20

The financial year in India is –

(a) April 1 to March 31✔X

(b) March 1 to April 30✔X

(c) March 1 to March 16✔X

(d) January 1 to December 31✔X

14/20

When net factor income from abroad is deducted from NNP, the net value is –

(a) Gross National Product✔X

(b) Disposable Income✔X

(c) Net Domestic Product✔X

(d) Personal Income✔X

15/20

The value of NNP at production point is called –

(a) NNP at factor cost✔X

(b) NNP at market cost✔X

c) GNP at factor cost✔X

(d) Per capita income✔X

16/20

The average income of the country is –

(a) Personal Income✔X

(b) Per capita income✔X

(c) Inflation Rate✔X

d) Disposal Income✔X

17/20

The value of national income adjusted for inflation is called –

(a) Inflation Rate✔X

(b) Disposal Income✔X

(c) GNP✔X

(d) Real national income✔X

18/20

Which is a flow concept?

(a) Number of shirts✔X

(b) Total wealth✔X

(c) Monthly income✔X

(d) Money supply✔X

19/20

PQLI is the indicator of –

(a) Economic growth✔X

(b) Economic welfare✔X

(c) Economic progress✔X

(d) Economic development✔X

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The largest proportion of national income comes from –

(a) Private sector✔X

(b) Local sector✔X

(c) Public sector✔X

(d) None of the above✔X

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