No. of Printed Pages : 7 EEC-10 BACHELOR'S DEGREE PROGRAMME

Term-End Examination CV

June, 2012 ELECTIVE COURSE : ECONOMICS

O EEC-10 : NATIONAL INCOME

ACCOUNTING Time : 3 hours Maximum Marks : 100

(Weightage : 70%) Note : Attempt Questions from each section as directed.

SECTION-A (Long Answer Questions)

Attempt any two questions from this section 2x20=40 : 1. What is national income ? In what way its study

is useful in understanding the structure of an economy ?

2. Differentiate between stocks and flows. Explain how to derive a national balance sheet ?

3. Define portfolio investment. Explain world scenario of portfolio investment. What role does portfolio investment play in National Income Accounting ? Discuss.

4. Differentiate between primary, secondary and tertiary sectors of the economy. Describe the sources of data for each sub-sector in the economy for preparing national income accounts.

EEC-10 1 P.T.O.

SECTION-B (Medium-Length Answer Questions)

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

5. What do you mean by economic activity ? State the basic and modified criteria of economic activity.

6. Explain the concept of transfer payments. Distinguish between current and capital transfers. State different kinds of current transfers.

7. Describe evolution of national income accounting in India. Critically evaluate its present state.

8. Define consumption. What are the sources of consumption expenditure ? Examine problems in estimating consumption expenditure.

9. Define savings. Briefly explain sectoral distribution of savings. Why is level of savings low in India ?

10. State industrial classification of Indian economy. How is gross value added estimated in each sector ?

EEC-10 2

SECTION-C (Short-Answer Questions)

11. Distinguish between any two of the following : (a) Market and non-market services.

2x3=6 (b) Departmental and non-departmental

commercial undertakings in the public sector.

(c) Production account and value-added account of a production unit.

12. Define any three of the following : (a) Green Index (b) Environmental Accounting (c) Unorganised manufacturing (d) Gross Domestic Capital Formation (e) Input-output Accounts

3x2=6

EEC-10 3 P.T.O.

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EEC-10 5 P.T.O.

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EEC-10 6

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EEC-10 7

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