Matching Type MCQs of National Income Microeconomics class 12
Looking for important matching type MCQs of National Income chapter with answers of Macroeconomics class 12 CBSE, ISC, and state Board.
Matching Type Multiple Choice Questions of National Income chapter with answers of Microeconomics class 12
Let’s Practice
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column – I | Column – II | ||
| A | National Income at Current Price | i) | Real National Income |
| B | value Added | ii) | Value of Output – Change in Stock |
| C | Mixed Income | iii) | Income generated by own-account workers |
| D | Income Method | iv) | Commodity Service Method |
Options
a) A – i
b) B – ii
c) C – iii
d) D – iv
Ans – c)
Match the statements given under A with the correct options given under B.
| (A) | (B) |
| i) Gross Domestic Capital Formation | A – Net Domestic Capital Formation + Change in Stock |
| B – Gross Fixed Capital Formation + Inventory Investment |
Options
a) i – A
b) i – B
Ans – b)
Match the statements given under A with the correct options given under B.
| (A) | (B) |
| i) Dividend | A – Undistributed Profits |
| ii) Retained Earnings | B – Distributed Profits |
Options
a) i – A, ii – B
b) i – B, ii – A
Ans – b)
Match the statements given under A with the correct options given under B.
| (A) | (B) |
| i) Net Exports | A – Domestic Concept |
| ii) Net Factor Income from Abroad | B – National Concept |
Options
a) i – A, ii – B
b) i – B, ii – A
Ans – a)
Match the statements given under A with the correct options given under B.
| Column – (A) | Column – (B) |
| i) Value added method | A – Undistributed Profits |
| ii) Gross Investment | B – Employer’s Contribution to social security schemes |
| iii) Retained Earnings | C – GDPmp |
| iv) Compensation of Employees | D – Inventory Method |
| v) ∑GVAmp | E – Gross Fixed Capital Formation + Inventory Investment |
Options
a) i – A, ii – B, iii – C, iv – D, v – E
b) i – B, ii – C, iii – A, iv – E, v – D
c) i – D, ii – E, iii – A, iv – B, v – C
d) i – C, ii – A, iii – B, iv – D, v – E
Ans – c)
Match the statements given under A with the correct options given under B.
| Column – (A) | Column – B |
| i) – Value Added | A – Sales + Change in Stock |
| ii) – Income Method | B – Corporate Tax |
| iii) – Business Tax | C – National Income at Constant Price |
| iv) – Value of Output | D – Value of Output – Intermediate Consumption |
| v) – Real National Income | E – Distributive Share Method |
Options
a) i – A, ii – B, iii – C, iv – D, v – E
b) i – B, ii – A, iii – D, iv – C, v – E
c) i – C, ii – B, iii – A, iv – E, v – D
d) i – D, ii – E, iii – B, iv – A, v – C
Ans – d)
Match the statements given under A with the correct options given under B.
| Column – (A) | Column – (B) |
| i) GDP Deflator | A – Income generated by own-account workers |
| ii) Mixed Income | B – Household Final consumption Expenditure + Private Non-Profit Institutions Serving Households Final Consumption Expenditure |
| iii) Private Final Consumption Expenditure | C – Price Index |
| iv) Expenditure Method | D – Nominal National Income |
| v) National Income at the current price | E – Income Disposal Method |
Options
a) i – A, ii – B, iii – C, iv – D, v – E
b) i – C, ii – A, iii – B, iv – E, v – D
c) i – B, ii – A, iii – C, iv – E, v – E
d) i – D, ii – B, iii – A, iv – C, v – E
Ans – b)
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column – I | Column – II |
| A) – NDPfc | i) National Income |
| B) NDPmp | ii) – GDPfc – Depreciation + Net Indirect Taxes |
| c) NNPfc | iii) Domestic Income |
| d) GNPfc | iv) NDPmp + Depreciation + Net Indirect Taxes + NFIA |
Options
a) A – i
b) B – ii
c) C – iii
d) D – iv
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – (A) | Column – (B) |
| i) GNPmp | A – NDPfc + Depreciation + Net Factor Income to abroad + Net Indirect Taxes |
| B – NDPfc + Depreciation – Net Factor Income to abroad + Net Indirect Taxes |
Options
a) i – A
b) i – B
Ans – a)
Match the statements given under A with the correct options given under B.
| Column – (A) | Column (B) |
| i) NDPfc | A – GNPmp – Depreciation – Net Factor Income from abroad – Net Indirect taxes |
| B – GNPmp – Depreciation + Net Factor Income from abroad + Net Indirect Taxes |
Options
a) i – A
b) i – B
Ans – a)
Match the statements given under A with the correct options given under B.
| Column – (A) | Column – (B) |
| i) NDPfc | A – GDPfc + Net Indirect Taxes – Depreciation |
| ii) GNPmp | B – NNPfc |
| iii) Net Domestic Product at Market Price | C – GNPfc + Net Indirect Taxes – Consumption of Fixed Capital |
| iv) Net National Product at Market price | D – National Income + Depreciation + Net Indirect Taxes |
| v) National Income | E – Domestic Income |
Options
a) i – A, ii – B, iii – C, iv – E, v – D
b) i – E, ii – D, iii – A, iv – C, v – B
c) i – B, ii – A, iii – C, iv – E, v – D
d) i – C, ii – B, iii – A, iv – D, v – E
Ans – b)
From the set of statements given in Column I and Column II, Choose the correct pair of statements:
| Column – I | Column – II |
| A – Final Goods | i) – Goods used for resale |
| B – Capital Goods | ii) – Goods which help in production of other goods |
| C – Intermediate Goods | iii) – Goods used for consumption |
| D – Consumption Goods | iv) – Goods which satisfy the wants of the consumers directly |
Options
a) A – i
b) B – ii
c) C – iii
d) D – iv
Ans – b)
From the set of statements given in Column – I and Column – II, Choose the correct pair of statements:
| Column – I | Column – II |
| A – Net Indirect Tax | i) – Subsidies – Indirect Taxes |
| B – Factor Income | ii) – Scholarship |
| C – Transfer Income | iii) Profit |
| D – Depreciation | iv) Consumption of Fixed Capital |
Options
a) A – i
b) B – ii
c) C – iii
d) D – iv
Ans – d)
Match the statements given under A with the correct options given under B.
| Column – I | Column – II |
| i) Intermediate Product | A – Paper purchased by a publisher |
| B – Paper purchased by a consumer |
Options
a) i – A
b) i – B
Ans – a)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Consumption Goods | A – Durable Goods |
| ii) Capital Goods | B – Producer Goods |
Options
a) i – A, ii – B
b) i – B, ii – A
Ans – a)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Factor Income | A – Consumption of Fixed Capital |
| ii) Intermediate Goods | B – Received by factors of production |
| iii) Depreciation | C – Scholarship |
| iv) Indirect tax | D – Goods within the production boundary |
| v) Transfer Income | E – Machinery purchased by a firm |
| vi) Final Goods | F – Goods and Services Tax |
Options
a) i – A, ii – B, iii – C, iv – D, v – E, vi – F
b) i – B, ii – C, iii – A, iv – E, v – D, vi – F
c) i – B, ii – D, iii – A, iv – F, v – C, vi – E
d) i – C, ii – A, iii – B, iv – E, v – D, vi – F
Ans – c)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Consumption Goods | A – Help in raising production capacity |
| ii) Net Factor Income from abroad | B – Net investment + Depreciation |
| iii) – Gross Investment | C – Semi-durable goods |
| iv) Capital Goods | D – Economic Assistance |
| v) – Subsidies | E – Difference between National Income and Domestic Income |
Options
a) i – A, ii – B, iii – C, iv – D, v – E
b) i – B, ii – A, iii – E, iv – C, v – D
c) i – C, ii – E, iii – B, iv – A, v – D
d) i – D, ii – A, iii – C, iv – B, v – E
Ans – c)
From the set of statements given in Column I and Column II, Choose the correct pair of statements:
| Column – I | Column – II |
| A – Money Flow | i) It involves exchange of goods and services |
| B – Stock | ii) It has a time dimension |
| C – Real Flow | iii) It is also known as Physical Flow |
| D – Flow | iv) It is a static concept |
Options
a) i – A
b) ii – B
c) iii – C
d) iv – D
Ans – c)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Stock | A – National Income |
| B – National Wealth |
Options
a) i – A, ii – B
b) i – B, ii – A
Ans – b)
Match the statements given under A with the correct options given under B.
| Column – A | Column – B |
| i) Real Flow | A – Static Concept |
| ii) Flow | B – Flow of goods and services between firms and households |
| iii) Money Flow | C – Variable measured over a period of time |
| iv) Stock | D – Nominal Flow |
Options
a) i – A, ii – B, iii – C, iv – D
b) i – B, ii – C, iii – D, iv – A
c) i – C, ii – A, iii – B, iv – D
d) i – D, ii – B, iii – A, iv – C
Ans – b)
