HSC Science (Computer Science) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Economics

Answer in brief.

 Give different definitions of National Income. 

State Whether the following statements are TRUE or FALSE: 

There is no price discrimination in the monopolistic competition. 

State whether the following statements are True or False with reason: 

Ten years period is considered for measuring National Income.

Distinguish between Illegal income and Transfer income. 

What are the characteristics of utility?

Answer the following question:

What is double counting of national income?

Answer the following question:

What are the features of national income?

Answer the following question:

Explain the concept of Gross domestic product at market prices.

Answer the following question:

State the precautions while using expenditure method to measure national income.

Answer the following question:

Explain the income method of measuring national income.

State with reason whether you agree or disagree with the following statement:

Many precautions are to be taken while estimating national income by income method.

State with reason whether you agree or disagree with the following statement:

Gross National product and Gross Domestic product are same concepts.

State with reason whether you agree or disagree with the following statement:

The money value of intermediate goods is not included in the estimation of national income.

Answer in detail:
Explain the Output method of measuring National income.

Answer in detail:
Explain the 'Final Good Approach' to avoid double counting of goods and services in the estimation of national income.

Distinguish between:

Gross national product and Gross domestic product.

Distinguish between:
Net national product and Net domestic product.

Distinguish between:

Output method of measuring national income and Income method of measuring national income.

Distinguish between:
Gross National Product and Net National Product

Distinguish between:
National income at market prices and national income at factor cost