No. of Printed Pages: 4 IEEC-010I
BACHELOR'S DEGREE PROGRAMME
II} Term-End Examination
o December, 2016
N o ELECTIVE COURSE: ECONOMICS

EEC-010 NATIONAL INCOME ACCOUNTING
Time hours Maximum Marks 100 (TNeiglltage
Note: TIle paper c01lsists of three seCtiOllS B mid C. Attempt tIle questio1ls as per instmctiolls gil'ell ill each seCtiOll.
SECTION
(Long Answer Questions)

Attempt any two questions from this section. 2x20=40

1. Explain the concept of national disposable income. How are national disposable income and personal disposable income estimated in India?

2. Explain the meaning of National Capital. Describe its main components. How is it measured?

3. Distinguish between market and non-market services. Describe how the services sector contribution to GDP is measured in India?

4. Distinguish between Social Sector and Social Development. Explain the relationship between the concepts of Human development, Social Security and Social Sector.


SECTION

(Medium Answer Questions)

Attempt any four questions from this section.4x12=48

5. What do you mean by value added? How will you measure it? What is the relationship between value addition and income -generation

6. What are the important uses of flow of funds accounts? Explain how flow of funds accounting is practiced in India

7. Discuss the main issues regarding the treatment of government activities in national income accounting.

8. What is investment? How do you measure investment? Differentiate between gross and net investment.

9. Explain the concept of environmental accounting. How do you measure environmentally corrected GDP?

10. What is circular flow of income? Discuss its relationship with the system of accounts. Also explain the double -entry accounting system.


SECTION

(Short Answer Questions)

11. Define any three of the following 3x4=12

Human Poverty Index.

Public Enterprises.

Registered Manufacturing.

Intermediate Goods.