I.Com Part 2 Principles of Economics chapter 1 Short Question Preparation

12th Class Principles of Economics
Chapter 1

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12th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 1 "ICom Part 2 Principles of Economics Chapter 1 Short Questions Preparation "

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Economics - ICom Part 2 Principles of Economics Chapter 1 Short Questions Preparation

Question # 1

What is meant by trasfer payments.

  • Ans 1: Transfer payments are the amoutns of money which a person gets without labour These are donations, alms pension, unemployment allowance, scholar shp and gifts etc.
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Prepare Complete Set Wise Questions For Chapter 1 "ICom Part 2 Principles of Economics Chapter 1 Short Questions Preparation "

ICom Part 2 Principles of Economics Chapter 1 Short Questions Preparation - Set 1

Question # 1

What is meant by trasfer payments.

  • Ans 1: Transfer payments are the amoutns of money which a person gets without labour These are donations, alms pension, unemployment allowance, scholar shp and gifts etc.
Submit

ICom Part 2 Principles of Economics Chapter 1 Short Questions Preparation - Set 2

Question # 1

Explain meanings of Net National product.

  • Ans 1: If we subtract depreciation allowance or repalcement cost of machines from gross national product , we get net national product.
  • Ans 2: Net National product= Goss nationalproduct= Depreciation allowance.
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ICom Part 2 Principles of Economics Chapter 1 Short Questions Preparation - Set 3

Question # 1

Difference between real national income and nominal national income.

  • Ans 1: Real national income menas total quantity of goods and services produced in a country. Therefore, real national incmoe increases with the increasses in the quantity of goods and services in the country while nominal national income means monetary value of goods and services at the market prices.
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12th Principles of Economics Chapter 1 Preparation