CBSE Class 12 Economics National Income Accounting Worksheet Set 02

Official Class 12 Economics Worksheets: Part B Macroeconomics Chapter 02 National Income Accounting

Review targeted practice sets for Class 12 Economics Part B Macroeconomics Chapter 02 National Income Accounting. Built according to official educational guidelines for the 2026-27 academic year, these downloadable worksheets support daily revision and core concept reinforcement.

Chapter-wise Practice Material: Part B Macroeconomics Chapter 02 National Income Accounting

Access the complete worksheet PDF for Part B Macroeconomics Chapter 02 National Income Accounting below. Regular practice with these targeted questions builds familiarity with standard exam patterns and helps secure higher marks in final Economics evaluations.

National Income Accounting
 
VERY SHORT ANSWER / OBJECTIVE TYPE QUESTIONS (1 Mark each)
 
1. Net national product at factor cost is called:
a) Private income   b) domestic income   c) national income  d) Income
 
2. Define depreciation
 
3. Indirect tax less subsidies is called--------------
 
4. Net value added at factor cost equals to :
a) GDPmp   b) NDPfc   c) NNPfc   d) GDPfc
 
5. The percentage ratio of Nominal to real GDP is called --------
 
6. Define mixed income of self-employed.
 
7. Write the components of operating surplus.
 
SHORT ANSWER QUESTIONS (3 / 4 Marks each)
 
8. Define net factor income from abroad. State its components.
 
9. Distinguish between real GNP and nominal GNP.
 
10. Explain the term domestic territory. What all is included as domestic territory of a country? Discuss its importance in national income accounting.
 
11. What is net factor income from abroad? Explain its components.
 
12. What are the advantages of Real GDP over nominal GDP.
 
13. Explain the components of compensation of employees.
 
LONG ANSWER QUESTIONS (6 Marks each)
 
14. What are the precautions to be taken while calculating national income? Explain with reason.
 
15. Explain the steps of estimating national income through the value added method.
 
16. Explain the steps of estimating national income through the expenditure method.
 
17. Explain the steps of estimating national income through the income method.
 
18. What are the inadequacies of national income as an index of welfare?
 
19. How will you treat the following in the estimation of national income ?
a) Expenditure incurred on buying shares of a company
b) Imputed value of owner occupied house
c) Wheat grown by a farmer but used for self-consumption.


Please click on below link to download CBSE Class 12 Economics National Income Accounting Worksheet Set B

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Practice Worksheet and Study Resources for Class 12 Economics Part B Macroeconomics Chapter 02 National Income Accounting

Download Practice Sheet: Part B Macroeconomics Chapter 02 National Income Accounting (Class 12 Economics)

Access structured practice worksheets for Part B Macroeconomics Chapter 02 National Income Accounting designed in alignment with the latest CBSE curriculum for Class 12 Economics. These printable problem sets help students build accuracy and prepare effectively for school tests.

Concept Clarification for Part B Macroeconomics Chapter 02 National Income Accounting

Each worksheet is structured around standard CBSE textbooks, allowing students to check their working steps and correct mistakes early in their revision.

Additional Study Resources for Class 12 Economics

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You can download the teacher-verified PDF for CBSE Class 12 Economics National Income Accounting Worksheet Set 02 from StudiesToday.com. These practice sheets for Class 12 Economics are designed as per the latest CBSE academic session.

Are these Economics Class 12 worksheets based on the 2026-27 competency-based pattern?

Yes, our CBSE Class 12 Economics National Income Accounting Worksheet Set 02 includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

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Yes, we have provided detailed solutions for CBSE Class 12 Economics National Income Accounting Worksheet Set 02 to help Class 12 and follow the official CBSE marking scheme.

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Daily practice with these Economics worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

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