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| MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting With Answers PDF |
MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting With Answers PDF: Multiple Choice Questions (MCQs) are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge.
An MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting consists of a question or statement, followed by several answer options, of which the student must choose the correct one. The answer options are usually presented as a list of possible choices, such as A, B, C or D.
MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting With Answers PDF
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What is National Income Accounting? A. A system of accounting that measures the value of goods and services produced in an economy over a given period of time B. A system of accounting that measures the value of goods and services consumed by households in an economy over a given period of time C. A system of accounting that measures the value of goods and services traded between countries over a given period of time D. None of the above Answer: A
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What is Gross Domestic Product (GDP)? A. The total value of all final goods and services produced within the domestic territory of a country in a given period of time B. The total value of all goods and services produced by the residents of a country, regardless of their location C. The total value of all goods and services produced in a country, regardless of the nationality of the producer D. The total value of all goods and services produced by the government of a country Answer: A
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What is Gross National Product (GNP)? A. The total value of all final goods and services produced by the residents of a country, regardless of their location B. The total value of all goods and services produced within the domestic territory of a country in a given period of time C. The total value of all goods and services produced in a country, regardless of the nationality of the producer D. The total value of all goods and services produced by the government of a country Answer: A
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What is Net Domestic Product (NDP)? A. The total value of all final goods and services produced within the domestic territory of a country in a given period of time, minus depreciation B. The total value of all goods and services produced by the residents of a country, regardless of their location, minus depreciation C. The total value of all goods and services produced in a country, regardless of the nationality of the producer, minus depreciation D. The total value of all goods and services produced by the government of a country, minus depreciation Answer: A
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What is Per Capita Income? A. The average income earned per person in a given economy B. The total income earned by all residents of a given economy C. The total income earned by all citizens of a given economy D. None of the above Answer: A
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What is National Disposable Income (NDI)? A. The total income available to a country's residents for spending or saving, after accounting for taxes B. The total income available to a country's residents for spending, after accounting for taxes and depreciation C. The total income available to a country's residents for spending or saving, after accounting for depreciation D. None of the above Answer: A
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What is Personal Disposable Income (PDI)? A. The total income available to a country's residents for spending or saving, after accounting for taxes B. The total income received by an individual, after accounting for taxes and other deductions C. The total income received by an individual, after accounting for taxes D. None of the above Answer: B
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What is a leakage in the Circular Flow of Income? A. A decrease in the total income of an economy due to saving or taxes B. An increase in the total income of an economy due to investment or government spending C. A decrease in the total income of an economy due to spending on imports D. None of the above Answer: A
Benefits of MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting
One of the benefits of using MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting is that they are easy to grade. The correct answer is already provided, so the teacher or exam proctor simply needs to check that the student has chosen the correct option. This makes MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting more efficient than open-ended questions, which require more time and effort to grade.
Another benefit of MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting is that they can test a wide range of knowledge, including factual information, concepts, and problem-solving skills. They can also be used to test a student's ability to apply knowledge to new situations, rather than just recall information.
Conclusion of MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting With Answers PDF
In conclusion, MCQ Questions for Class 12 Macroeconomics Chapter 2 National Income Accounting are a popular method of testing a student's understanding of a particular subject. They are widely used in school and college exams as they are a quick and efficient way to assess a student's knowledge. But to minimize the drawbacks, it is important to write good MCQs and use a variety of question types. They can test a wide range of knowledge, including factual information, concepts, and problem-solving skills, but they should not be the only method of assessment, it's important to use different types of questions to evaluate a student's understanding of a subject.
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