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mcq on national income class 12

Free PDF download of Important Questions with Answers for CBSE Class 12 Macro Economics Chapter 2 - National Income Accounting prepared by expert Economics teachers from latest edition of CBSE(NCERT) books.

Estimate (i) Personal Income, (ii) Private Income and (iii) Personal Disposable Income with the help of the following data. (i) Rent received by a resident Indian from his property in Singapore. Calculate private income, personal income, personal disposable income and National disposable income from the following data: (Rs. Estimate the following with the help of given data:(ii) Net Value Added at factor cost; and (iii) prove that it is equal to the income generated. nazma sk (ii) No, because it is a financial transaction which does not help directly in production. (iii) Salaries to Indian residents working in American embassy in India.

CBSE Class 12 students would have the option to appear for the exams at a later date. (II) Obtaining Photocopy of the Evaluated Answer Book(s) (ii) Imputed value of self-consumed wheat grown by a farmer must be included in NI, because it adds in the flow of goods.

(i) It is transfer payment received by those persons who are not employed; therefore it should not be included in NI. (iii) No, because it is not related with current flow of goods and services. like never before It has come to notice of the Board through a section of media reports that...Modalities and Schedule for Secondary School (Class X) Examinations, 2020 in the subjects whose examinations have been conducted by CBSE for the processes of
RE: Indian Economy - National Income - MCQs with answers - Part 1 -Sk (08/30/18) Yes GNP is GDP of a country added with its income from abroad. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education.

In this session, we will cover the MCQ,s of National Income and related aggregates, ... Login.

(vi) Profit earned by an Indian company from its branch in Singapore. No commodity is sent or services rendered return for this.

These MCQ's are extremely critical for … (iv) Compensation of employees given to residents of china working in Indian embassy in China.

(iii) No, because American embassy is not a part of domestic territory of India. Hindi Practice & Strategy.

The effect of an indirect tax on a commodity is to increase the price and the effect of subsidy is to reduce the price in the market.Ans. It is his salary.

Vedantu academic counsellor will be calling you shortly for your Online Counselling session. expenditure on final goods and services produced within the economic territory of the country. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learningThe Board has dedicated this academic session 2020-21 for ‘Competency Based Learning’.
(iv) Yes, as it is factor income against the service of lawyer.

While calculating NI by income method, compensation of employees is to be included while doing so, income tax to be paid by them should not be included separately. Personal income refers to the income of individuals of a country.

Download CBSE Class 12 Economics HOTs National Income and Related Aggregates in pdf, Economics High Order Thinking Skills questions and answers, CBSE Class 12 Economics HOTs Economics National Income and Related Aggregates. (iii) Profits earned by a foreign bank from its branches in India. The questions includes 1 mark questions, 2 mark questions, 3 mark questions, 4 mark questions, 5 mark questions and other questions as per the latest CBSE curriculum for the current session. (vi) No, because the branch is located outside the domestic territory of India.Ans. Bharat Anuragi. Indian embassy in Korea is treated as located within the domestic territory of India. in Crores)(i) Subsidies                                                        5(ii) Private final consumption expenditure             100(iii) NFIA                                                          (-) 10(iv) Indirect Tax                                                   25(v) Rent                                                                5(vi) Government final consumption expenditure       20(vii) Net domestic fixed capital formation                30(viii) Operating surplus                                          20(ix) Wages                                                           50(x) Net export                                                    (-) 5(xi) Addition to stock                                           (-) 5(xii) Social security contribution by employers          10(xiii) Mixed income                                                40NI = (ii) + (vi) + (vii) + (xi) + (x) - (iv) + (i) + (iii)                                                                                      (Rs. (ii) Wheat grown by a farmer but used entirely for family’s consumption. i. (ii) It is not included in NI because it does not add in the flow of goods and services.

Ph.D(Chemistry), B.Ed, VTU, Karnataka

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