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Economics Methods of calculating national income - Income Method MCQ Questions for Class 12 Commerce

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01 Practice Topic Aggregates related to national income - GDP 600 MCQs 02 Practice Topic Aggregates related to national income - GNP 600 MCQs 03 Practice Topic Aggregates related to national income - NNP 600 MCQs 04 Practice Topic Circular flow of income: two-sector model 600 MCQs 05 Practice Topic Consumption goods, capital goods, final goods, intermediate goods 600 MCQs 06 Practice Topic Gross investment and depreciation 600 MCQs 07 Practice Topic Methods of calculating national income - Expenditure Method 400 MCQs 08 Practice Topic Methods of calculating national income - Value Added/Product Method 400 MCQs

Methods of calculating national income - Income Method Practice Questions

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Question 1/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

आय विधि में राष्ट्रीय आय की गणना का मुख्य आधार क्या है?

What is the main basis of calculating national income by the income method?

Explanation opens after your attempt
Correct Answer

B. उत्पादन से प्राप्त कारक आयFactor income earned from production

Step 1

Concept

The income method adds incomes received by factors used in production. In exams remember wages rent interest and profit as main components.

Step 2

Why this answer is correct

The correct answer is B. उत्पादन से प्राप्त कारक आय / Factor income earned from production. The income method adds incomes received by factors used in production. In exams remember wages rent interest and profit as main components.

Step 3

Exam Tip

आय विधि उत्पादन में लगे कारकों को मिली आय जोड़ती है। परीक्षा में मजदूरी किराया ब्याज और लाभ को मुख्य घटक याद रखें।

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Question 2/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

आय विधि में मजदूरी किस कारक की आय मानी जाती है?

In the income method wages are considered income of which factor?

Explanation opens after your attempt
Correct Answer

B. श्रमLabour

Step 1

Concept

Wages are received by labour for contributing to production. They are treated as part of compensation of employees.

Step 2

Why this answer is correct

The correct answer is B. श्रम / Labour. Wages are received by labour for contributing to production. They are treated as part of compensation of employees.

Step 3

Exam Tip

मजदूरी श्रम को उत्पादन में योगदान के बदले मिलती है। इसे कर्मचारियों के पारिश्रमिक का भाग माना जाता है।

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Question 3/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

किराया किस उत्पादन कारक की आय है?

Rent is the income of which factor of production?

Explanation opens after your attempt
Correct Answer

A. भूमिLand

Step 1

Concept

Rent is received for the use of land or natural resources. It is added as factor income in the income method.

Step 2

Why this answer is correct

The correct answer is A. भूमि / Land. Rent is received for the use of land or natural resources. It is added as factor income in the income method.

Step 3

Exam Tip

किराया भूमि या प्राकृतिक संसाधनों के उपयोग के बदले मिलता है। आय विधि में इसे कारक आय में जोड़ा जाता है।

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Question 4/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

ब्याज किस कारक की आय मानी जाती है?

Interest is considered income of which factor?

Explanation opens after your attempt
Correct Answer

C. पूंजीCapital

Step 1

Concept

Interest is income received for the use of capital. In exams treat interest as factor income of capital.

Step 2

Why this answer is correct

The correct answer is C. पूंजी / Capital. Interest is income received for the use of capital. In exams treat interest as factor income of capital.

Step 3

Exam Tip

ब्याज पूंजी के उपयोग के बदले प्राप्त आय है। परीक्षा में ब्याज को पूंजी की कारक आय मानें।

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Question 5/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

लाभ किस उत्पादन कारक से संबंधित आय है?

Profit is income related to which factor of production?

Explanation opens after your attempt
Correct Answer

D. उद्यमीEntrepreneur

Step 1

Concept

Profit is received by the entrepreneur for risk and organization. In the income method profit is the entrepreneur’s factor income.

Step 2

Why this answer is correct

The correct answer is D. उद्यमी / Entrepreneur. Profit is received by the entrepreneur for risk and organization. In the income method profit is the entrepreneur’s factor income.

Step 3

Exam Tip

लाभ उद्यमी को जोखिम और संगठन के बदले मिलता है। आय विधि में लाभ उद्यमी की कारक आय है।

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Question 6/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

आय विधि में कारक आय का अर्थ क्या है?

What does factor income mean in the income method?

Explanation opens after your attempt
Correct Answer

A. उत्पादन कारकों को उत्पादन सेवा के बदले मिली आयIncome received by factors for productive services

Step 1

Concept

Factor income is received in return for productive services. Amount received without productive service may be transfer payment.

Step 2

Why this answer is correct

The correct answer is A. उत्पादन कारकों को उत्पादन सेवा के बदले मिली आय / Income received by factors for productive services. Factor income is received in return for productive services. Amount received without productive service may be transfer payment.

Step 3

Exam Tip

कारक आय उत्पादन सेवा के बदले मिलती है। बिना उत्पादन सेवा के मिलने वाली राशि हस्तांतरण भुगतान हो सकती है।

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Question 7/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

आय विधि में हस्तांतरण भुगतान को क्यों नहीं जोड़ा जाता?

Why are transfer payments not added in the income method?

Explanation opens after your attempt
Correct Answer

A. क्योंकि इनके बदले चालू उत्पादन सेवा नहीं मिलतीBecause no current productive service is received in return

Step 1

Concept

Transfer payments are not received for contribution to production. Therefore they are not included in factor income.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि इनके बदले चालू उत्पादन सेवा नहीं मिलती / Because no current productive service is received in return. Transfer payments are not received for contribution to production. Therefore they are not included in factor income.

Step 3

Exam Tip

हस्तांतरण भुगतान उत्पादन में योगदान के बदले नहीं मिलते। इसलिए इन्हें कारक आय में शामिल नहीं किया जाता।

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Question 8/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

कर्मचारियों का पारिश्रमिक मुख्य रूप से किसे दर्शाता है?

Compensation of employees mainly represents what?

Explanation opens after your attempt
Correct Answer

A. श्रम को मिली आयIncome received by labour

Step 1

Concept

Compensation of employees is received by workers as wages salaries and benefits. It is a major component of the income method.

Step 2

Why this answer is correct

The correct answer is A. श्रम को मिली आय / Income received by labour. Compensation of employees is received by workers as wages salaries and benefits. It is a major component of the income method.

Step 3

Exam Tip

कर्मचारियों का पारिश्रमिक श्रमिकों को वेतन मजदूरी और सुविधाओं के रूप में मिलता है। यह आय विधि का प्रमुख घटक है।

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Question 9/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

निम्न में से कौन-सा आय विधि का घटक है?

Which of the following is a component of the income method?

Explanation opens after your attempt
Correct Answer

C. कर्मचारियों का पारिश्रमिकCompensation of employees

Step 1

Concept

Compensation of employees is a component of the income method. The other options are related to the expenditure method.

Step 2

Why this answer is correct

The correct answer is C. कर्मचारियों का पारिश्रमिक / Compensation of employees. Compensation of employees is a component of the income method. The other options are related to the expenditure method.

Step 3

Exam Tip

कर्मचारियों का पारिश्रमिक आय विधि का घटक है। बाकी विकल्प व्यय विधि से संबंधित हैं।

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Question 10/400 Easy Economics National Income and Related Aggregates Methods of calculating national income - Income Method Class 12 Level 20

आय विधि में परिचालन अधिशेष में सामान्यतः क्या शामिल होता है?

What is generally included in operating surplus in the income method?

Explanation opens after your attempt
Correct Answer

A. किराया ब्याज और लाभRent interest and profit

Step 1

Concept

Operating surplus includes income from property and entrepreneurship. It includes rent interest and profit.

Step 2

Why this answer is correct

The correct answer is A. किराया ब्याज और लाभ / Rent interest and profit. Operating surplus includes income from property and entrepreneurship. It includes rent interest and profit.

Step 3

Exam Tip

परिचालन अधिशेष में संपत्ति और उद्यम से प्राप्त आय शामिल होती है। इसमें किराया ब्याज और लाभ आते हैं।

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