Economics MCQ Class 12 Chapter 2: Check the below NCERT MCQ Questions for Economics MCQ Class 12 Chapter 2 with Answers Pdf free download. Economics MCQ Class 12 Chapter 2 Questions for Economics with Answers were prepared based on the latest exam pattern. We have provided Economics MCQ Class 12 Chapter 2 with Answers to help students understand the concept very well.

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Economics MCQ Class 12 Chapter 2

1. NNP_MP = ________
(A) GNP_MP – Depreciation
(B) NDP_MP + Net factor income from abroad
(C) NNP_FC + Net indirect taxes
(D) All of these

2. Why are the intermediate goods not included in the National Income while measuring National Income?
(A) To avoid double accounting
(B) It decreases income
(C) Intermediate goods are not good
(D) All of these

3. GNP at MP = ______
(A) GDP_MP – Depreciation
(B) GDP_MP + Depreciation
(C) GDP_MP ÷ Depreciation
(D) GDP_MP + Net factor income from abroad

4. Calculation of National Income at Market Prices is known as _________.
(A) Money income
(B) Real income
(C) Non-monetary income
(D) None of these

5. General Price Level is studied in:
(a) Micro Economics
(b) Macro Economics
(c) Both (a) and (b)
(d) None of these

6. Who had made the first attempt at National Income Accounting?
(A) Prof. D.R.Gadgill
(B) Simon Kuznets
(C) J.M.Keynes
(D) Gregory King

7. NDP_MP = ________
(A) GDP_MP – Depreciation
(B) GDP_FC + Net factor income from abroad
(C) NNP_FC + Net indirect taxes
(D) All of these

8. Employment Theory is related to :
(a) Static Economics
(b) Micro Economics
(c) Macro Economics
(d) None of these

9. Which one of the following is included in ‘Stock’?
(a) Quantity of Money
(b) Wealth
(c) Quantity of wheat stored in a warehouse
(d) All the above

10. Which one is included inflow ?
(a) Consumption
(b) Investment
(c) Income
(d) All of these

11. GDP_FC =
(A) GDP_MP – Net indirect taxes
(B) GDP_MP + Net indirect taxes
(C) GDP_MP + Subsidies
(D) GDP_MP – Indirect taxes

12. Increase in Stock of Capital is known as:
(a) Capital Loss
(b) Capital Profit
(c) Capital Formation
(d) None of these

13. Which one of the following is included in circular flow?
(a) Real Flow
(b) Money Flow
(c) Both (a) and (b)
(d) None of these

14. Which of the following is included in real flow?
(a) Flow of Goods
(b) Flow of Services
(c) Both (a) and (b)
(d) None of these

15. Which of the following is sPktock ?
(a) Wealth
(b) Saving
(c) Export
(d) Profit

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