CUET PYQs for National Income Accounting with Solutions: Practice CUET Previous Year Questions

Nominal Interest Rate =__________

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 ?

Identify the correct formula:

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:

When goods and services are evaluated at constant prices, the measured value is known as ........

The Paradox of Thrift refers to:

Match List-I with List-II: \[ \begin{array}{|c|l|c|l|} \hline \textbf{List-I} & & \textbf{List-II} & \\ \hline (A) & \text{Gross Domestic Product at Market Price} & (I) & NDP_{MP} - \text{Net Product Taxes} - \text{Net Production Taxes} \\ \hline (B) & \text{Net Domestic Product at Factor Cost} & (II) & GVA \text{ at basic prices} - \text{Net Production Taxes} \\ \hline (C) & \text{GVA (Gross Value Added) at factor cost} & (III) & C + I + G + (X - M) \\ \hline (D) & \text{Gross National Product at Factor Cost} & (IV) & GNP_{MP} - \text{Net Product Taxes} - \text{Net Production Taxes} \\ \hline \end{array} \]

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:

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.

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

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:

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.

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.

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: