Class 12 Economics: National Income Accounting — Chapter Test 1

Class 12 • Economics • National Income Accounting • Chapter Test

MediumFREE

Questions

20 min

Duration

Marks (1 each)

Negative marking

Original practice questions with full solutions by ExamPortal.

Instructions

• Read each question carefully and pick the correct answer.
• You can mark questions for review and come back to them.
• Answers are saved automatically.
• The test is submitted automatically when time runs out.

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SYLLABUS & QUESTION BLUEPRINT

Sample Practice Questions

Preview 5 sample questions from this 15-question test. Test your knowledge below or take the full exam in timed CBT mode.

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Question 1 of 15

GDP measures the value of final goods and services produced:

by nationals anywhere

within the domestic territory of a country in a year

by the government only

for export only

View Correct Answer & Step-by-Step Solution

Correct Option:(B)within the domestic territory of a country in a year

Detailed explanation is available inside the official test attempt review.

Question 2 of 15

GNP =

GDP + Net Factor Income from Abroad

GDP − depreciation

GDP − indirect taxes

NDP + subsidies

View Correct Answer & Step-by-Step Solution

Correct Option:(A)GDP + Net Factor Income from Abroad

Detailed explanation is available inside the official test attempt review.

Question 3 of 15

NDP =

GDP + depreciation

GDP − depreciation

GNP + NFIA

GDP − NFIA

View Correct Answer & Step-by-Step Solution

Correct Option:(B)GDP − depreciation

Detailed explanation is available inside the official test attempt review.

Question 4 of 15

National income is:

NNP at market price

NNP at factor cost

GDP at market price

GNP at factor cost

View Correct Answer & Step-by-Step Solution

Correct Option:(B)NNP at factor cost

Detailed explanation is available inside the official test attempt review.

Question 5 of 15

Net indirect taxes =

indirect taxes + subsidies

indirect taxes − subsidies

direct taxes − subsidies

subsidies − direct taxes

View Correct Answer & Step-by-Step Solution

Correct Option:(B)indirect taxes − subsidies

Detailed explanation is available inside the official test attempt review.

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Frequently asked questions

How many questions are there in Class 12 Economics: National Income Accounting — Chapter Test 1?

There are 15 questions to answer in 20 min. Each correct answer gives 1 mark, for a total of 15 marks.

Is there negative marking?

No. Wrong answers do not lose marks, so attempt every question.

Is this mock test free?

Yes, it is completely free. Just log in with your email to start.

What does this test cover?

It covers the chapter "National Income Accounting" of Class 12 Economics. All questions are original, with a full solution for each.

Will I see my result and the solutions?

Yes. Right after you submit you get your score, accuracy, rank and percentile, and you can review every question with the correct answer and a step-by-step explanation.

Can I take this test again?

Yes, you can retake it as many times as you like and compare your scores.