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

Time : 3 hours Maximum Marks : 100 , (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 500 words each. 2x20=40

1. Explain value added technique of estimating national income. Using suitable examples, indicate the sector in which value added method is mainly used. 20

2. 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 1 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 ? 20

4. How is personal disposable income computed in India ? Explain each step involved in its computations. 20

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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

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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

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