Tamil Nadu Board of Secondary EducationHSC Arts Class 12

# Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide chapter 2 - National Income [Latest edition]

## Solutions for Chapter 2: National Income

Below listed, you can find solutions for Chapter 2 of Tamil Nadu Board of Secondary Education Tamil Nadu Board Samacheer Kalvi for Class 12th Economics Answers Guide.

Model Questions
Model Questions [Pages 32 - 35]

### Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide Chapter 2 National Income Model Questions [Pages 32 - 35]

#### Part A - Multiple choice questions

Model Questions | Q 1. | Page 32

Net National product at factor cost is also known as

• National Income

• Domestic Income

• Per capita Income

• Salary

Model Questions | Q 2. | Page 32

Primary sector is ______.

• Industry

• Agriculture

• Construction

Model Questions | Q 3. | Page 32

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

• Two

• Three

• Five

• Four

Model Questions | Q 4. | Page 32

Income method is measured by summing up all forms of______.

• Revenue

• Taxes

• expenditure

• Income

Model Questions | Q 5. | Page 33

Which is the largest figure?

• Disposable income

• Personal Income

• NNP

• GNP

Model Questions | Q 6. | Page 33

Expenditure method is used to estimate national income in______.

• Construction sector

• Agricultural Sector

• Service sector

• Banking sector

Model Questions | Q 7. | Page 33

Tertiary sector is also called the______ sector.

• Service

• Income

• Industrial

• Production

Model Questions | Q 8. | Page 33

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

• Industrial

• Agricultural

• Economic

• Consumption

Model Questions | Q 9. | Page 33

Per capita income is obtained by dividing the National income by the ______.

• Production

• Population of a country

• Expenditure

• GNP

Model Questions | Q 10. | Page 33

GNP =______ + Net factor income from abroad.

• NNP

• NDP

• GDP

• Personal income

Model Questions | Q 11. | Page 33

NNP stands for______.

• Net National Product

• National Net product

• National Net Provident

• Net National Provident

Model Questions | Q 12. | Page 33

______is deducted from gross value to get the net value.

• Income

• Depreciation

• Expenditure

• Value of final goods

Model Questions | Q 13. | Page 33

The financial year in India is______.

• April 1 to March 31

• March 1 to April 30

• March 1 to March 16

• January 1 to December 31

Model Questions | Q 14. | Page 33

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

• Gross National Product

• Disposable Income

• Net Domestic Product

• Personal Income

Model Questions | Q 15. | Page 33

The value of NNP at production point is called______.

• NNP at factor cost

• NNP at market cost

• GNP at factor cost

• Per capita income

Model Questions | Q 16. | Page 33

The average income of the country is______.

• Personal Income

• Per capita income

• Inflation Rate

• Disposal Income

Model Questions | Q 17. | Page 34

The value of national income adjusted for inflation is called______.

• Inflation Rate

• Disposal Income

• GNP

• Real national income

Model Questions | Q 18. | Page 34

Which is a flow concept?

• Number of shirts

• Total wealth

• Monthly income

• Money supply

Model Questions | Q 19. | Page 34

PQLI is the indicator of______.

• Economic growth

• Economic welfare

• Economic progress

• Economic development

Model Questions | Q 20. | Page 34

The largest proportion of national income comes from______.

• Private sector

• Local sector

• Public sector

• None of the above

#### Part B - Answer the following questions in one or two sentences

Model Questions | Q 21. | Page 34

Define National Income.

Model Questions | Q 22. | Page 34

Write the formula for calculating GNP.

Model Questions | Q 23. | Page 34

What is the difference between NNP and NDP?

Model Questions | Q 24. | Page 34

Trace the relationship between GNP and NNP.

Model Questions | Q 25. | Page 34

What do you mean by the term ‘Personal Income’?

Model Questions | Q 26. | Page 34

Define GDP deflator.

Model Questions | Q 27. | Page 34

Why is self-consumption difficult in measuring national income?

Model Questions | Q 28. | Page 34

Write a short note on per capita income.

Model Questions | Q 29. | Page 34

Differentiate between personal and disposable income.

Model Questions | Q 30. | Page 34

Explain briefly NNP at factor cost.

Model Questions | Q 31. | Page 34

Give a short note on Expenditure method

Model Questions | Q 32. | Page 35

What is the solution to the problem of double counting in the estimation of national income?

Model Questions | Q 33. | Page 35

Write briefly about national income and welfare.

Model Questions | Q 34. | Page 35

List out the uses of national income

#### Part D - Answer the following questions in about a page

Model Questions | Q 35. | Page 35

Explain the importance of national income.

Model Questions | Q 36. | Page 35

Discuss the various methods of estimating the national income of a country.

Model Questions | Q 37. | Page 35

What are the difficulties involved in the measurement of national income?

Model Questions | Q 38. | Page 35

Discuss the importance of social accounting in economic analysis.

Model Questions

## Tamil Nadu Board Samacheer Kalvi solutions for Class 12th Economics Answers Guide chapter 2 - National Income

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Concepts covered in Class 12th Economics Answers Guide chapter 2 National Income are Introduction to National Income, Meaning and Definition of National Income, Concept of National Income, Precautions and Difficulties of Measuring National Income Method, Importance of National Income Analysis, National Income and Social Accounting.

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