National Income Accounting Quiz - CBSE Class 11 Economics

Free practice quiz: National Income Accounting (CBSE Class 11 Economics). 34 multiple-choice questions with answers and explanations. Play online, no sign-up needed.

Sample questions

1. Which of the following methods is not used to calculate National Income?

   1. Production method
   2. Income method
   3. Expenditure method
   4. Tax method
   Show answer

   Answer: D. Tax method

2. How is GDP per capita calculated?

   1. GDP divided by total population
   2. Total earnings divided by households
   3. Sum of income sources divided by years
   4. National income divided by GDP
   Show answer

   Answer: A. GDP divided by total population

3. What is the primary difference between GDP and GNP?

   1. GDP includes foreign income, GNP does not
   2. GNP includes income earned by residents abroad, GDP does not
   3. GDP measures wealth, GNP measures production
   4. There is no difference
   Show answer

   Answer: B. GNP includes income earned by residents abroad, GDP does not

4. What is the difference between GDP at current prices and GDP at constant prices?

   1. Current prices are adjusted for inflation; constant prices are not
   2. Constant prices are adjusted for inflation; current prices are not
   3. Both measure the same concept
   4. Constant prices refer to nominal values
   Show answer

   Answer: B. Constant prices are adjusted for inflation; current prices are not

5. A significant increase in which of the following is most likely to indicate an economic boom?

   1. Exports
   2. Taxes
   3. Inflation rates
   4. Import duties
   Show answer

   Answer: A. Exports

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