WorksheetsCalculation of national income CLASS XII ECONOMICS
Total questions: 10
Worksheet time: 5mins
In a closed economy --------- is not included
foreign sector
government
house holds
firms
Which of the following is not the a component of domestic income?
operating surplus
compensation of employees
net factor income from abroad
mixed income of selfemployed
--------------produces goods and services for satisfaction of collective wants.
(a)
FINAL GOODS AND SERVICES DOES NOT INCLUDE
MACHINES PURCHASED BY DEALER
COMPUTER PURCHASED BY A STUDENT
BREAD PURCHASED BY HOUSEHOLD
WHEAT KEPT BY FARMER FOR CONSUMPTION
VALUE OF OUTPUT CAN BE EXPLAINED AS:
SALES + CHANGE IN STOCK
SALES - CHANGE IN STOCK
SALES
NONE OF THESE
Which of the following comes under domestic territory of India?
Branch of a foreign bank in India
Branch of an Indian bank in U.K
Russian embassy in India
Office of World Bank in New Delhi
Which of the following will be treated as final goods?
Seeds used by a farmer in his field
Tyres purchased by a transport company
Unsold stock of a good lying with the seller
Computers purchased by a dealer
An Indian farmer produces wheat without incurring cost of inputs and sells for rs1000 to a miller who grinds wheat into flour and sells for rs 1200 to a baker. The baker sells bread to consumers for rs 1600. Total value added is rs.
1600
2200
1000
1400
Which of the following is an example of normal residents of Inadia?
Foreign worker working in WHO located in India.
The German working as Director in IMF office located in India.
Ambassdor in India from rest of the world.
Ambassador of India in rest of the world.
Financial help to a victim is ------------ payment
(a)
