Chapters
Chapter 2: National Income
Chapter 3: Theories of Employment and Income
Chapter 4: Consumption and Investment Functions
Chapter 5: Monetary Economics
Chapter 6: Banking
Chapter 7: International Economics
Chapter 8: International Economic Organisations
Chapter 9: Fiscal Economics
Chapter 10: Environmental Economics
Chapter 11: Economics of Development and Planning
Chapter 12: Introduction to Statistical Methods and Econometrics
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.
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
Net National product at factor cost is also known as
National Income
Domestic Income
Per capita Income
Salary
Primary sector is ______.
Industry
Trade
Agriculture
Construction
National income is measured by using ……….. methods.
Two
Three
Five
Four
Income method is measured by summing up all forms of______.
Revenue
Taxes
expenditure
Income
Which is the largest figure?
Disposable income
Personal Income
NNP
GNP
Expenditure method is used to estimate national income in______.
Construction sector
Agricultural Sector
Service sector
Banking sector
Tertiary sector is also called the______ sector.
Service
Income
Industrial
Production
National income is a measure of the ______ performance of an economy.
Industrial
Agricultural
Economic
Consumption
Per capita income is obtained by dividing the National income by the ______.
Production
Population of a country
Expenditure
GNP
GNP =______ + Net factor income from abroad.
NNP
NDP
GDP
Personal income
NNP stands for______.
Net National Product
National Net product
National Net Provident
Net National Provident
______is deducted from gross value to get the net value.
Income
Depreciation
Expenditure
Value of final goods
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
When net factor income from abroad is deducted from NNP, the net value is______.
Gross National Product
Disposable Income
Net Domestic Product
Personal Income
The value of NNP at production point is called______.
NNP at factor cost
NNP at market cost
GNP at factor cost
Per capita income
The average income of the country is______.
Personal Income
Per capita income
Inflation Rate
Disposal Income
The value of national income adjusted for inflation is called______.
Inflation Rate
Disposal Income
GNP
Real national income
Which is a flow concept?
Number of shirts
Total wealth
Monthly income
Money supply
PQLI is the indicator of______.
Economic growth
Economic welfare
Economic progress
Economic development
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
Define National Income.
Write the formula for calculating GNP.
What is the difference between NNP and NDP?
Trace the relationship between GNP and NNP.
What do you mean by the term ‘Personal Income’?
Define GDP deflator.
Why is self-consumption difficult in measuring national income?
Write a short note on per capita income.
Differentiate between personal and disposable income.
Explain briefly NNP at factor cost.
Give a short note on Expenditure method
What is the solution to the problem of double counting in the estimation of national income?
Write briefly about national income and welfare.
List out the uses of national income
Part D - Answer the following questions in about a page
Explain the importance of national income.
Discuss the various methods of estimating the national income of a country.
What are the difficulties involved in the measurement of national income?
Discuss the importance of social accounting in economic analysis.
Solutions for Chapter 2: National Income
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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