EEC-10

No. of Printed Pages : 8

BACHELOR'S DEGREE PROGRAMME (BDP)

Term-End Examination
June, 2014
ELECTIVE COURSE : ECONOMICS
EEC-10 : NATIONAL INCOME ACCOUNTING
Maximum Marks : 100 ,

Time : 3 hours

(Weightage 70%)
Note : Attempt questions from each section as per
instructions given under each section.

SECTION A
(Long-Answer Questions)
Attempt any two questions from this section in about
2x20=40
500 words each.
1.

2.

Explain value added technique of estimating

national income. Using suitable examples,
indicate the sector in which value added method
is mainly used.

20

What do you mean by services sector ? What are

its constituents ? How do you measure
contribution of this sector to GDP in India ?

20

EEC-10

P.T.O.

3.

What is the problem of double counting ?

Illustrate with examples. Does it arise in income
method as well ? How do you avoid it ?

4.

20

How is personal disposable income computed in

India ? Explain each step involved in its
computations.

EEC-10

20

SECTION B
(Medium-Answer Questions)
Answer any three questions from this section.

3x10=30

5.

What is the concept of national capital ? Explain

its main components.

10

6.

How well does per capita income serve as an

indicator of economic welfare ? Discuss.

10

7.

What special problems do you face in estimating

contribution of agricultural sector to the national
income ? Explain.

10

8.

What are the conceptual problems in estimation

of national income in India ? Discuss.

10

9.

How do you estimate contribution of India's

unorganised sector to the national income ?
Explain.

10

EEC-10

P.T.O.

SECTION C
(Short-Answer Questions)
Answer all questions from this section.

2x15=30

10. Define any five of the following :

5x3=15

(a) Liabilities
(b) Subsidies
(c) Open economy
(d) Net Factor Income earned abroad
(e) Capital transfers
(0 Balance of Trade
(g) Intermediate goods
11. Distinguish between any three pairs :

3x5=15

(a) Factor payments and Transfer payments

(b) Capital and Investment
(c) Net capital transfers from abroad and Net
borrowings from abroad
(d) GDP at market prices and GDP at factor
cost
(e) Physical and Financial capital
(0 Private Income and Personal Income

EEC-10

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EEC-10

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