List of top Economics Questions on National Income Accounting asked in CUET (UG)

The Paradox of Thrift refers to:
Arrange the following steps of estimation of National Income by income method in the proper sequence: (A) Identification and classification of producing firms.
(B) Estimation of NDP\textsubscript{FC}.
(C) Estimation of NNP\textsubscript{FC}.
(D) Classification of factor income.
Match List-I with List-II: \[ \begin{array}{|c|l|c|l|} \hline \textbf{List-I} & & \textbf{List-II} & \\ \hline (A) & \text{Gross Domestic Product at Market Price} & (I) & NDP_{MP} - \text{Net Product Taxes} - \text{Net Production Taxes} \\ \hline (B) & \text{Net Domestic Product at Factor Cost} & (II) & GVA \text{ at basic prices} - \text{Net Production Taxes} \\ \hline (C) & \text{GVA (Gross Value Added) at factor cost} & (III) & C + I + G + (X - M) \\ \hline (D) & \text{Gross National Product at Factor Cost} & (IV) & GNP_{MP} - \text{Net Product Taxes} - \text{Net Production Taxes} \\ \hline \end{array} \]
When goods and services are evaluated at constant prices, the measured value is known as ........
Arrange the following steps of calculation of National Income in sequence: (A) Deduction of intermediate cost
(B) Estimation of value of output
(C) Add net factor income from abroad
(D) Deduction of depreciation and NIT
With keeping tax rate (T) constant if government purchases (G) increase, then arrange the following statements considering the effect on total income and output: (A) Rise in Plan Aggregate expenditure.
(B) Government runs a deficit when G exceeds T.
(C) Equilibrium income level increased.
(D) Aggregate demand schedule shifts upward.
If the domestic income of an economy is 2500 crores, the factor income from abroad is 300 crores, the consumption of fixed capital is 150 crores and Net National Product at factor cost is 2400 crores, then the Factor income paid to abroad will be:
Identify the correct formula:

If the supply of final goods is assumed to be infinitely elastic at constant price over a short period of time, Aggregate output is determined solely by the value of Aggregate demand. This is called __________ Principle.
Identify the correct statements:
(A) Depreciation is a flow concept
(B) Money supply is a stock concept
(C) Investment is a stock concept
(D) Depreciation is an annual allowance for wear and tear of a consumer good
Choose the correct answer from the options given below:
Nominal Interest Rate =__________
Which of the following statements is true, if other things remaining the same, the exchange rate changes from 1$= 80 to 1$= 75
(A) Import will fall 
(B) Imports will rise 
(C) Exports will rise 
(D) National income will rise 
(E) National income will fall 
Choose the correct answer from the options given below:
A change in investment in an economy by ₹2,000 crores leads t an increase in its national income by ₹ 8,000 crores. What will be the change in consumption ?
Suppose the GDP at market price of a country in a particular year was ₹2,100 crores. Net Factor Income from abroad was ₹200 crores. The value of Indirect Taxes net of subsidies was ₹100 crores and national income was ₹1,900 crores. The aggregate value of depreciation in the economy will be:
Which of the following will not be included in the National income of India ?
Which of the following will be included while estimating Gross Domestic Product at market price (GDPmp) ?
(A) Profit earned by American express Bank from its Branch in India 
(B) Dividends paid to shareholders of firm situated in Kerala 
(C) Donations made to a religious institution 
(D) Salary paid to an Indian working in Japanese Embassy 
(E) Purchase of taxi by Travel Services company 
Choose the correct answer from the options given below :
The difference between national income and domestic income is ________. Choose the correct answer from the following.