Economic class 12 National Income and Related Aggregates

1. Market price of the final goods and services [including depreciation] produced within the domestic territory of a country during an accounting year, is called ;

2. National income is often estimated as ;

3. Domestic product is equal to ;

4. Net direct taxes are estimated as ;

5. Which of the following is not correct ?

6. Which one is correct ?

7. Basis of the difference between the concepts of market price and factor cost is ;

8. Which one leads to factor cost ?

9. Which one include depreciation ?

10. Which of the following is an example of normal resident of India ?

11. National income includes ;

12. Financial help to a victim is ;

13. The difference between national income and domestic income is that of ;

14. GNP at market price is measured as ;

15. National income refers to ;

16. National income [NNP FC] is equal to ;

17. Which of the following makes GDP an inappropriate  index of welfare ?

18. The impact of an externality is ;

19. Real national income means ;

20. GDP deflator =

21. Increase in price of commodities due to increase in taxes assumes relevance in the estimation of NNP MP because ;