ECONOMICS

CLASS – 12

SECTION – A 2*1=2
1. Real flow is also known as
a) Nominal flow b) Physical Flow c) Money flow d) Both (a) and (b)
2. Foreign Embassies in India are part of India’s
a) Economic Territory b) Domestic Territory c) Both (a) and (b) d) None of these

SECTION – B 1*3=3
3. Explain the difference between final Goods and intermediate goods.

SECTION – C 1*4=4
4.  Giving reasons, classify the following into intermediate or final goods.
1. Machines purchased by a dealer of machines
2. A car purchased by a household
3. Furniture purchased by a school
4. Computers installed in an office.

SECTION – D 1*6=6

5. Calculate Net Indirect Tax

Particulars In Crores
1. GNP at MP 7000
2. NDP at FC 6200
3. Depreciation 600
4. Net Factor Income from abroad (-)400