Maharashtra State BoardHSC Arts 12th Board Exam
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HSC Arts 12th Board Exam - Maharashtra State Board Question Bank Solutions for Economics

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Economics
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Write explanatory notes.  

Output method of measurement of national income. 

 

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

State whether the following statements are True or False with reasons: 

 There are advertisements of commodities in perfect competition.

[0.05] Forms of Market
Chapter: [0.05] Forms of Market
Concept: Market

Give reasons or explain the following statements: 

 The net national income is less than gross national income. 

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Answer in brief.

 Give different definitions of National Income. 

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

What is meant by Perfect competitions? State its features.

[0.05] Forms of Market
Chapter: [0.05] Forms of Market
Concept: Market

State Whether the following statements are TRUE or FALSE: 

There is no price discrimination in the monopolistic competition. 

[0.05] Forms of Market
Chapter: [0.05] Forms of Market
Concept: Market

State whether the following statements are True or False with reason: 

Ten years period is considered for measuring National Income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Distinguish between Illegal income and Transfer income. 

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Write explanatory note:

Difficulties in the estimation of the National income. 

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Answer the following question:

What is double counting of national income?

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Answer the following question:

What are the features of national income?

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Answer the following question:

Explain the concept of Gross domestic product at market prices.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Answer the following question:

State the precautions while using expenditure method to measure national income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Answer the following question:

Explain the income method of measuring national income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

State with reason whether you agree or disagree with the following statement:

There are many conceptual or theoretical difficulties in the measurement of national income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

State with reason whether you agree or disagree with the following statement:

Many precautions are to be taken while estimating national income by income method.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

State with reason whether you agree or disagree with the following statement:

Gross National product and Gross Domestic product are same concepts.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

State with reason whether you agree or disagree with the following statement:

The money value of intermediate goods is not included in the estimation of national income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Answer in detail:
Explain the practical or Statistical difficulties involved in the estimation of national income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income

Answer in detail:
Explain the Output method of measuring National income.

[0.07] National Income
Chapter: [0.07] National Income
Concept: Concept of National Income
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