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. NDP_FC =
(A) GDP_FC – Indirect taxes
(B) GDP_FC – Depreciation
(C) GDP_FC + Economic subsidy
(D) All of these

2. Accounting of National Income at constant prices is known as ________.
(A) Money income
(B) Real income
(C) Current income
(D) Domestic income

3. Which services are provided by families to a firm?
(a) Land
(b) Labour
(c) Capital and Enterprises
(d) All the above

4. NNP_FC =
(A) GNP_FC – Depreciation
(B) NNP_MP + Economic subsidy – Indirect taxes
(C) NDP_MP + Net factor income from abroad
(D) All of these

5. Which one is included in the three-sector model?
(a) Family
(b) Firm
(c) Government
(d) All of these

6. Which of the following items are excluded from GNP measurement?
(A) Purely financial transactions
(B) Transfer of used goods and non-market goods and services
(C) Illegal activities and the value of leisure
(D) All of these

7. Which one is included in the four-sector model?
(a) Family, Firm, Industry
(b) Family, Firm, Government
(c) Family, Firm, Government, Foreign Sector
(d) None of the above

8. The subject of the Study of Macro Economics is:
(a) The Principle of National Income
(b) The Principle of Consumer
(c) The Principle of Producer
(d) None of these

9. Which is the equilibrium condition of circular flow in the four sector model?
(a) C + I
(b) C + I + G
(c) C + I + G + (X-M)
(d) None of these

10. Which of the following is the method of measuring National Income?
(A) Income method
(B) Product method
(C) Expenditure method
(D) All of these

11. The primary sector includes:
(a) Agriculture
(b) Retail trading
(c) Small Industries
(d) All the these

12. Which of the following is not flow?
(a) Capital
(b) Income
(c) Investment
(d) Depreciation

13. Which service is included in Tertiary Sector?
(a) Mining
(b) Construction
(c) Communication
(d) Animal Husbandry

14. Macro Economics Studies:
(a) Employment opportunities in the economy
(b) Theory of supply of Commodities
(c) Elasticity of demand in Scooter
(d) Price of wheat in the market

15. Which one is true?
(a) GNP = GDP + Depreciation
(b) NNP = GNP + Depreciation
(c) NNP = GNP – Depreciation
(d) GNP = NNP – Depreciation

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