In NCERT Class 12 Economics Chapter 2, titled "National Income Accounting", students learn about the measurement of a nation's economic performance through concepts like Gross Domestic Product (GDP), Net Domestic Product (NDP), and National Income (NI). The chapter delves into the methods of measuring national income, such as the production, income, and expenditure methods. It also highlights concepts like real and nominal GDP, depreciation, and circular flow of income.

This article provides a comprehensive resource for exam preparation. It includes sample MCQs and subjective questions for CBSE and CUET, alongside downloadable PDFs of Class 12 Economics Chapter 2 MCQs and previous year questions for detailed practice of NCERT Class 12 National Income Accounting.

Download the MCQs for CBSE/CUET Download NCERT/CBSE PYQ (Subjective)

This question bank includes previous years' CUET and CBSE MCQs, along with questions curated by subject experts. Below are 5 sample multiple-choice questions (MCQs) for Class 12 Economics Chapter 2: National Income Accounting. For the full set of 50 questions, download the PDF using the link provided below.

1- Statement 1: Stock variables are measured at a point of time.

Statement 2: Flow variables and stock variables are same.

In light of the given statements, choose the correct alternative from the following:

(a) Statement 1 is true and Statement 2 is false.

(b) Statement 1 is false and Statement 2 is true.

(c) Both Statements 1 and 2 are true.

(d) Both Statements 1 and 2 are false.

2. Identify, flow variable from the following:

(a) Distance between Delhi and Amritsar

(b) Annual expenditure of a school

(c) Bank balance of Mr. Mukesh as on 31st March, 2022

(d) Investments of Mr. Mohit as on 31stDecember, 2021

3. A car purchased by a household is a _________.

(a) single use capital good          (b) single use consumer good

(c) durable consumer good          (d) semi-durable consumer good

4.In case of an unexpected fall in turnover of a firm, who is producing a certain commodity. There will a situation of ______. Choose the correct option.

(a) Planned accumulation of inventories          (b) Unplanned accumulation of inventories

(c) Unplanned decumulation of inventories          (d) Planned decumulation of inventories

5. Which of the following are correct statements related to stock and flow?

A. Flows are defined over on 1st January

B. Flows are defined over a period of time

C. Flows and stocks are defined as a mutual understanding

D. Stocks are defined from January to December

E. Stocks are defined at a particular point of time

Choose the correct answer from the options given below:

(a) B and E only          (b) A and D only          (c) C and E only          (d) A and B only

This question bank includes previous years' CBSE subjective questions (2 marks and above) without solutions, along with expert-curated questions. Below are 4 sample subjective questions for Class 12 Economics Chapter 2: National Income Accounting. To access all questions, download the PDF from the link provided below.

In NCERT Class 12 Economics Chapter 2, "National Income Accounting," students gain an understanding of how a nation's economic activity is measured. The chapter explains key concepts like GDP, NDP, and national income, along with the methods used to calculate them. These concepts form the foundation for understanding macroeconomic policies and analysis.

Mastering this chapter is essential for analyzing economic trends and preparing for exams like CBSE, CUET, and other competitive exams.