Class 12 Economics - National Income and Related Aggregates - Aggregates related to national income - Market price and factor cost Hard Quiz

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यदि किसी अर्थव्यवस्था में घरेलू सीमा के अंदर उत्पादन तो बढ़ा लेकिन अधिकांश लाभ विदेशी कंपनियों ने अपने देश भेज दिया, तो GDP के बारे में कौन-सा कथन सही है?

If production within domestic territory rises but most profits are sent home by foreign companies, which statement about GDP is correct?

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Correct Answer

A. GDP बढ़ सकती है क्योंकि उत्पादन घरेलू सीमा में हुआGDP may rise because production occurred within domestic territory

Step 1

Concept

GDP is based on domestic territory of production. In exams, understand the GDP and GNP difference through NFIA.

Step 2

Why this answer is correct

The correct answer is A. GDP बढ़ सकती है क्योंकि उत्पादन घरेलू सीमा में हुआ / GDP may rise because production occurred within domestic territory. GDP is based on domestic territory of production. In exams, understand the GDP and GNP difference through NFIA.

Step 3

Exam Tip

GDP उत्पादन की घरेलू सीमा पर आधारित होती है। परीक्षा में GDP और GNP का अंतर NFIA से समझें।

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यदि \(GDP_{MP}=8400\), अप्रत्यक्ष कर (900) और सब्सिडी (250) है, तो \(GDP_{FC}\) कितना होगा?

If \(GDP_{MP}=8400\), indirect taxes are (900), and subsidies are (250), what is \(GDP_{FC}\)?

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Correct Answer

B. 7750

Step 1

Concept

Net indirect tax is (900-250=650), and \(GDP_{FC}=8400-650=7750\). In exams, calculate NIT first and then subtract it from market price.

Step 2

Why this answer is correct

The correct answer is B. 7750. Net indirect tax is (900-250=650), and \(GDP_{FC}=8400-650=7750\). In exams, calculate NIT first and then subtract it from market price.

Step 3

Exam Tip

शुद्ध अप्रत्यक्ष कर (900-250=650) है और \(GDP_{FC}=8400-650=7750\)। परीक्षा में पहले NIT निकालें फिर market price से घटाएं।

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किस उदाहरण में GDP में सेवा का मूल्य शामिल किया जाएगा?

In which example will the value of a service be included in GDP?

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Correct Answer

B. डॉक्टर द्वारा क्लिनिक में शुल्क लेकर इलाज करनाA doctor treating a patient in a clinic for a fee

Step 1

Concept

A paid market service is included in GDP. In exams, keep unpaid household and voluntary services separate.

Step 2

Why this answer is correct

The correct answer is B. डॉक्टर द्वारा क्लिनिक में शुल्क लेकर इलाज करना / A doctor treating a patient in a clinic for a fee. A paid market service is included in GDP. In exams, keep unpaid household and voluntary services separate.

Step 3

Exam Tip

भुगतान वाली बाजार सेवा GDP में शामिल होती है। परीक्षा में unpaid household और voluntary services को अलग रखें।

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GDP में अंतिम वस्तुओं को ही शामिल करने का मुख्य उद्देश्य क्या है?

What is the main purpose of including only final goods in GDP?

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Correct Answer

C. दोहरी गणना से बचनाTo avoid double counting

Step 1

Concept

The value of intermediate goods is included in the final good. In exams, apply the final good test through end use.

Step 2

Why this answer is correct

The correct answer is C. दोहरी गणना से बचना / To avoid double counting. The value of intermediate goods is included in the final good. In exams, apply the final good test through end use.

Step 3

Exam Tip

मध्यवर्ती वस्तुओं का मूल्य अंतिम वस्तु में शामिल होता है। परीक्षा में final good test को end use से लगाएं।

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यदि कार निर्माता टायर खरीदकर कार बनाता है, तो GDP में टायर का पूरा मूल्य अलग से क्यों नहीं जोड़ा जाता?

If a car maker buys tyres to produce a car, why is the full value of tyres not separately added to GDP?

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Correct Answer

B. क्योंकि टायर का मूल्य कार के अंतिम मूल्य में शामिल हैBecause tyre value is included in the final value of the car

Step 1

Concept

The tyre is an intermediate good in this situation. In exams, do not add raw material again in final output.

Step 2

Why this answer is correct

The correct answer is B. क्योंकि टायर का मूल्य कार के अंतिम मूल्य में शामिल है / Because tyre value is included in the final value of the car. The tyre is an intermediate good in this situation. In exams, do not add raw material again in final output.

Step 3

Exam Tip

टायर इस स्थिति में intermediate good है। परीक्षा में कच्चे माल को अंतिम उत्पादन में दोबारा न जोड़ें।

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यदि (Nominal\ GDP=15000) और (Real\ GDP=12000), तो (GDP\ Deflator) कितना होगा?

If (Nominal\ GDP=15000) and (Real\ GDP=12000), what is (GDP\ Deflator)?

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Correct Answer

C. 125

Step 1

Concept

\(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100=\frac{15000}{12000}\times100=125\). In exams, the deflator indicates the price level.

Step 2

Why this answer is correct

The correct answer is C. 125. \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100=\frac{15000}{12000}\times100=125\). In exams, the deflator indicates the price level.

Step 3

Exam Tip

\(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100=\frac{15000}{12000}\times100=125\)। परीक्षा में deflator कीमत स्तर का संकेत देता है।

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GDP और कल्याण के संबंध में कौन-सा कथन सबसे अधिक सावधानीपूर्ण है?

Which statement is the most careful regarding GDP and welfare?

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Correct Answer

C. GDP बढ़ने से कल्याण बढ़ सकता है लेकिन हमेशा नहींGDP growth may increase welfare but not always

Step 1

Concept

GDP shows production but not aspects like distribution and environment. In exams, treat GDP as an incomplete indicator of welfare.

Step 2

Why this answer is correct

The correct answer is C. GDP बढ़ने से कल्याण बढ़ सकता है लेकिन हमेशा नहीं / GDP growth may increase welfare but not always. GDP shows production but not aspects like distribution and environment. In exams, treat GDP as an incomplete indicator of welfare.

Step 3

Exam Tip

GDP उत्पादन बताती है लेकिन वितरण और पर्यावरण जैसी बातें नहीं बताती। परीक्षा में GDP को welfare का अपूर्ण सूचक मानें।

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किस स्थिति में nominal GDP बढ़ सकती है जबकि real GDP घट सकती है?

In which situation can nominal GDP rise while real GDP falls?

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Correct Answer

B. कीमतें बहुत बढ़ें और वास्तविक उत्पादन घटेPrices rise sharply and real output falls

Step 1

Concept

Nominal GDP is affected by both price and quantity. In exams, connect real GDP with actual output volume.

Step 2

Why this answer is correct

The correct answer is B. कीमतें बहुत बढ़ें और वास्तविक उत्पादन घटे / Prices rise sharply and real output falls. Nominal GDP is affected by both price and quantity. In exams, connect real GDP with actual output volume.

Step 3

Exam Tip

Nominal GDP कीमत और मात्रा दोनों से प्रभावित होती है। परीक्षा में real GDP को उत्पादन की वास्तविक मात्रा से जोड़ें।

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यदि सरकार बेरोजगारी भत्ता देती है, तो GDP में इसका व्यवहार क्या होगा?

If the government pays unemployment allowance, how will it be treated in GDP?

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Correct Answer

C. इसे GDP में directly नहीं जोड़ा जाएगाIt will not be directly added to GDP

Step 1

Concept

Unemployment allowance is a transfer payment and not payment against production. In exams, treat allowances and pensions as transfer payments.

Step 2

Why this answer is correct

The correct answer is C. इसे GDP में directly नहीं जोड़ा जाएगा / It will not be directly added to GDP. Unemployment allowance is a transfer payment and not payment against production. In exams, treat allowances and pensions as transfer payments.

Step 3

Exam Tip

बेरोजगारी भत्ता transfer payment है और उत्पादन के बदले भुगतान नहीं है। परीक्षा में allowance और pension को transfer payment मानें।

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GDP में एक ही वस्तु को कभी अंतिम और कभी मध्यवर्ती क्यों माना जा सकता है?

Why can the same good be treated sometimes as final and sometimes as intermediate in GDP?

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Correct Answer

A. क्योंकि उसका उपयोग बदल सकता हैBecause its use can change

Step 1

Concept

Whether a good is final or intermediate depends on its end use. In exams, see the use, not only the name of the good.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि उसका उपयोग बदल सकता है / Because its use can change. Whether a good is final or intermediate depends on its end use. In exams, see the use, not only the name of the good.

Step 3

Exam Tip

वस्तु का अंतिम या मध्यवर्ती होना उसके end use पर निर्भर करता है। परीक्षा में वस्तु का नाम नहीं, उपयोग देखें।

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यदि कोई परिवार नई कार खरीदता है, तो expenditure method में यह किस भाग में आएगा?

If a household buys a new car, under which part of the expenditure method will it come?

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Correct Answer

A. निजी अंतिम उपभोग व्ययPrivate final consumption expenditure

Step 1

Concept

Purchase of a new consumer durable by a household comes under private final consumption. In exams, place household final purchases under consumption.

Step 2

Why this answer is correct

The correct answer is A. निजी अंतिम उपभोग व्यय / Private final consumption expenditure. Purchase of a new consumer durable by a household comes under private final consumption. In exams, place household final purchases under consumption.

Step 3

Exam Tip

परिवार द्वारा नई उपभोक्ता टिकाऊ वस्तु की खरीद private final consumption में आती है। परीक्षा में household final purchases को consumption में रखें।

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यदि किसी फर्म ने उत्पादन किया लेकिन माल वर्ष के अंत तक गोदाम में रह गया, तो यह GDP में क्यों शामिल होगा?

If a firm produced goods but they remained in a warehouse at year end, why will they be included in GDP?

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Correct Answer

B. क्योंकि वे चालू उत्पादन हैं और inventory investment माने जाते हैंBecause they are current output and treated as inventory investment

Step 1

Concept

GDP measures production, not only sales. In exams, connect unsold goods with change in stock.

Step 2

Why this answer is correct

The correct answer is B. क्योंकि वे चालू उत्पादन हैं और inventory investment माने जाते हैं / Because they are current output and treated as inventory investment. GDP measures production, not only sales. In exams, connect unsold goods with change in stock.

Step 3

Exam Tip

GDP उत्पादन को मापती है, केवल बिक्री को नहीं। परीक्षा में unsold goods को change in stock से जोड़ें।

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यदि \(GDP_{FC}=7200\), अप्रत्यक्ष कर (600) और सब्सिडी (150) है, तो \(GDP_{MP}\) कितना होगा?

If \(GDP_{FC}=7200\), indirect taxes are (600), and subsidies are (150), what is \(GDP_{MP}\)?

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Correct Answer

C. 7650

Step 1

Concept

NIT is (600-150=450), and \(GDP_{MP}=7200+450=7650\). In exams, add NIT when moving from factor cost to market price.

Step 2

Why this answer is correct

The correct answer is C. 7650. NIT is (600-150=450), and \(GDP_{MP}=7200+450=7650\). In exams, add NIT when moving from factor cost to market price.

Step 3

Exam Tip

NIT (600-150=450) है और \(GDP_{MP}=7200+450=7650\)। परीक्षा में factor cost से market price में NIT जोड़ें।

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किस लेन-देन को GDP में शामिल नहीं किया जाएगा?

Which transaction will not be included in GDP?

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Correct Answer

B. एक पुराने मकान की पुनर्विक्रय राशिResale value of an old house

Step 1

Concept

Resale value of an old house is not current production. In exams, distinguish between resale value and brokerage service.

Step 2

Why this answer is correct

The correct answer is B. एक पुराने मकान की पुनर्विक्रय राशि / Resale value of an old house. Resale value of an old house is not current production. In exams, distinguish between resale value and brokerage service.

Step 3

Exam Tip

पुराने मकान की पुनर्विक्रय राशि चालू उत्पादन नहीं है। परीक्षा में resale value और brokerage service में अंतर रखें।

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GDP at market price में indirect taxes का प्रभाव क्या होता है?

What is the effect of indirect taxes in GDP at market price?

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A. वे market price को factor cost से ऊपर कर सकते हैंThey can make market price higher than factor cost

Step 1

Concept

Indirect taxes raise the market price paid by consumers. In exams, remember the opposite effect of subsidy.

Step 2

Why this answer is correct

The correct answer is A. वे market price को factor cost से ऊपर कर सकते हैं / They can make market price higher than factor cost. Indirect taxes raise the market price paid by consumers. In exams, remember the opposite effect of subsidy.

Step 3

Exam Tip

Indirect taxes उपभोक्ता द्वारा चुकाई गई market price को बढ़ाते हैं। परीक्षा में subsidy का विपरीत प्रभाव याद रखें।

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यदि subsidy बहुत अधिक है, तो GDP at factor cost और GDP at market price में कौन-सा संबंध संभव है?

If subsidy is very high, what relation between GDP at factor cost and GDP at market price is possible?

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Correct Answer

B. GDP at factor cost market price से अधिक हो सकता हैGDP at factor cost may be higher than market price

Step 1

Concept

When subsidy exceeds indirect taxes, NIT becomes negative. In exams, watch the sign in \(GDP_{FC}=GDP_{MP}-NIT\).

Step 2

Why this answer is correct

The correct answer is B. GDP at factor cost market price से अधिक हो सकता है / GDP at factor cost may be higher than market price. When subsidy exceeds indirect taxes, NIT becomes negative. In exams, watch the sign in \(GDP_{FC}=GDP_{MP}-NIT\).

Step 3

Exam Tip

जब subsidy indirect taxes से अधिक हो तो NIT ऋणात्मक हो जाता है। परीक्षा में \(GDP_{FC}=GDP_{MP}-NIT\) का संकेत ध्यान रखें।

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GDP में प्राकृतिक संसाधनों के अति-दोहन से होने वाले नुकसान को पूरी तरह न दिखाना किस सीमा को दर्शाता है?

GDP not fully showing losses from over-exploitation of natural resources reflects which limitation?

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Correct Answer

B. GDP का पर्यावरणीय लागत को पूरी तरह न मापनाGDP not fully measuring environmental cost

Step 1

Concept

GDP shows production but not full damage to natural capital. In exams, remember GDP limitation for sustainable welfare.

Step 2

Why this answer is correct

The correct answer is B. GDP का पर्यावरणीय लागत को पूरी तरह न मापना / GDP not fully measuring environmental cost. GDP shows production but not full damage to natural capital. In exams, remember GDP limitation for sustainable welfare.

Step 3

Exam Tip

GDP उत्पादन दिखाती है पर प्राकृतिक पूंजी की क्षति पूरी तरह नहीं दिखाती। परीक्षा में sustainable welfare के लिए GDP limitation याद रखें।

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यदि (GDP=10000) और depreciation (1200) है, तो (NDP) कितना होगा?

If (GDP=10000) and depreciation is (1200), what is (NDP)?

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Correct Answer

C. 8800

Step 1

Concept

(NDP=GDP-Depreciation=10000-1200=8800). In exams, subtract depreciation to move from gross to net.

Step 2

Why this answer is correct

The correct answer is C. 8800. (NDP=GDP-Depreciation=10000-1200=8800). In exams, subtract depreciation to move from gross to net.

Step 3

Exam Tip

(NDP=GDP-Depreciation=10000-1200=8800)। परीक्षा में gross से net में जाने के लिए depreciation घटाएं।

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किस स्थिति में GDP की गणना में imputed value का प्रयोग किया जा सकता है?

In which situation can imputed value be used in GDP calculation?

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Correct Answer

A. मालिक द्वारा स्वयं उपयोग किए गए मकान की आवास सेवाHousing service of an owner-occupied house

Step 1

Concept

Imputed rent of housing service of an owner-occupied house may be added. In exams, treat imputed rent as an included item.

Step 2

Why this answer is correct

The correct answer is A. मालिक द्वारा स्वयं उपयोग किए गए मकान की आवास सेवा / Housing service of an owner-occupied house. Imputed rent of housing service of an owner-occupied house may be added. In exams, treat imputed rent as an included item.

Step 3

Exam Tip

Owner occupied house की housing service का अनुमानित किराया जोड़ा जा सकता है। परीक्षा में imputed rent को शामिल मद मानें।

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यदि देश में बनी वस्तु विदेश में बेची जाती है, तो expenditure method में उसे कैसे दर्ज किया जाता है?

If a good made in the country is sold abroad, how is it recorded in the expenditure method?

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Correct Answer

B. निर्यात के रूप में जोड़ा जाता हैIt is added as export

Step 1

Concept

Export is foreign demand for domestic output. In exams, add exports in GDP expenditure.

Step 2

Why this answer is correct

The correct answer is B. निर्यात के रूप में जोड़ा जाता है / It is added as export. Export is foreign demand for domestic output. In exams, add exports in GDP expenditure.

Step 3

Exam Tip

निर्यात घरेलू उत्पादन पर विदेशी मांग है। परीक्षा में exports को GDP expenditure में जोड़ें।

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GDP के context में imports को घटाने का सबसे सही कारण क्या है?

What is the most correct reason for subtracting imports in the context of GDP?

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Correct Answer

C. imports घरेलू उत्पादन नहीं होतेImports are not domestic output

Step 1

Concept

GDP measures domestic output, so foreign output is removed. In exams, remember (X-M) as net exports.

Step 2

Why this answer is correct

The correct answer is C. imports घरेलू उत्पादन नहीं होते / Imports are not domestic output. GDP measures domestic output, so foreign output is removed. In exams, remember (X-M) as net exports.

Step 3

Exam Tip

GDP घरेलू उत्पादन मापती है इसलिए विदेशी उत्पादन हटाया जाता है। परीक्षा में (X-M) को net exports के रूप में याद रखें।

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यदि एक भारतीय नागरिक दुबई में काम करके वेतन कमाता है, तो वह भारत की GDP में सीधे क्यों शामिल नहीं होगा?

If an Indian citizen earns salary by working in Dubai, why will it not be directly included in India's GDP?

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Correct Answer

A. क्योंकि GDP घरेलू सीमा पर आधारित हैBecause GDP is based on domestic territory

Step 1

Concept

India's GDP includes production within India's domestic territory. In exams, connect income from abroad with NFIA.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि GDP घरेलू सीमा पर आधारित है / Because GDP is based on domestic territory. India's GDP includes production within India's domestic territory. In exams, connect income from abroad with NFIA.

Step 3

Exam Tip

भारत की GDP में भारत की घरेलू सीमा के अंदर उत्पादन शामिल होता है। परीक्षा में विदेश से आय को NFIA से जोड़ें।

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किस item को GDP में शामिल किया जाएगा?

Which item will be included in GDP?

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B. किसान द्वारा बाजार में बेचा गया चालू वर्ष का गेहूंCurrent year wheat sold by a farmer in the market

Step 1

Concept

Current year wheat produced and sold is included in GDP. In exams, distinguish transfer receipts from current output.

Step 2

Why this answer is correct

The correct answer is B. किसान द्वारा बाजार में बेचा गया चालू वर्ष का गेहूं / Current year wheat sold by a farmer in the market. Current year wheat produced and sold is included in GDP. In exams, distinguish transfer receipts from current output.

Step 3

Exam Tip

चालू वर्ष में उत्पादित और बेचा गया गेहूं GDP में शामिल होता है। परीक्षा में transfer receipts और current output का अंतर रखें।

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GDP की income method में कौन-सी आय शामिल की जाती है?

Which income is included in the income method of GDP?

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C. उत्पादन में लगे श्रमिकों की मजदूरीWages of workers engaged in production

Step 1

Concept

Wage is a reward for factor service in production. In exams, do not treat capital gain and transfer receipt as factor income.

Step 2

Why this answer is correct

The correct answer is C. उत्पादन में लगे श्रमिकों की मजदूरी / Wages of workers engaged in production. Wage is a reward for factor service in production. In exams, do not treat capital gain and transfer receipt as factor income.

Step 3

Exam Tip

मजदूरी उत्पादन में कारक सेवा का प्रतिफल है। परीक्षा में capital gain और transfer receipt को factor income न मानें।

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GDP में depreciation न घटाने के कारण इसे किस प्रकार का माप कहा जाता है?

Because depreciation is not deducted in GDP, what type of measure is it called?

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Correct Answer

B. Gross measure

Step 1

Concept

GDP is a gross measure because capital consumption is not deducted. In exams, distinguish gross and net through depreciation.

Step 2

Why this answer is correct

The correct answer is B. Gross measure. GDP is a gross measure because capital consumption is not deducted. In exams, distinguish gross and net through depreciation.

Step 3

Exam Tip

GDP gross measure है क्योंकि capital consumption घटाया नहीं जाता। परीक्षा में gross और net का अंतर depreciation से करें।

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यदि देश की GDP बढ़ती है लेकिन आय वितरण बहुत असमान हो जाता है, तो कल्याण के बारे में कौन-सा कथन सही है?

If a country's GDP rises but income distribution becomes highly unequal, which statement about welfare is correct?

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B. कल्याण का निष्कर्ष केवल GDP से नहीं निकाला जा सकताWelfare cannot be concluded from GDP alone

Step 1

Concept

GDP shows total output but not distribution. In exams, connect inequality with GDP limitation.

Step 2

Why this answer is correct

The correct answer is B. कल्याण का निष्कर्ष केवल GDP से नहीं निकाला जा सकता / Welfare cannot be concluded from GDP alone. GDP shows total output but not distribution. In exams, connect inequality with GDP limitation.

Step 3

Exam Tip

GDP कुल उत्पादन बताती है लेकिन वितरण नहीं बताती। परीक्षा में inequality को GDP limitation से जोड़ें।

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यदि \(GDP_{MP}=11000\), depreciation (1000), indirect taxes (700) और subsidies (200) हैं, तो \(NDP_{FC}\) कितना होगा?

If \(GDP_{MP}=11000\), depreciation is (1000), indirect taxes are (700), and subsidies are (200), what is \(NDP_{FC}\)?

Explanation opens after your attempt
Correct Answer

A. 9500

Step 1

Concept

NIT is (700-200=500), and \(NDP_{FC}=11000-1000-500=9500\). In exams, subtract both depreciation and NIT.

Step 2

Why this answer is correct

The correct answer is A. 9500. NIT is (700-200=500), and \(NDP_{FC}=11000-1000-500=9500\). In exams, subtract both depreciation and NIT.

Step 3

Exam Tip

NIT (700-200=500) है और \(NDP_{FC}=11000-1000-500=9500\)। परीक्षा में depreciation और NIT दोनों घटाएं।

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किस परिस्थिति में GDP का official estimate कम आ सकता है?

In which situation can the official estimate of GDP be lower?

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A. जब कुछ उत्पादन underground economy में record न होWhen some production in the underground economy is not recorded

Step 1

Concept

Unrecorded legal or illegal production may not enter official GDP. In exams, treat non-recorded activities as a measurement problem.

Step 2

Why this answer is correct

The correct answer is A. जब कुछ उत्पादन underground economy में record न हो / When some production in the underground economy is not recorded. Unrecorded legal or illegal production may not enter official GDP. In exams, treat non-recorded activities as a measurement problem.

Step 3

Exam Tip

Unrecorded legal या illegal production official GDP में नहीं आ पाता। परीक्षा में non-recorded activities को measurement problem समझें।

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यदि किसी कंपनी ने मशीन की मरम्मत पर खर्च किया जिससे सिर्फ पुरानी क्षमता बनी रही, तो GDP में इसे कैसे समझना चाहिए?

If a company spends on repairing a machine only to maintain old capacity, how should it be understood in GDP?

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Correct Answer

B. यह सामान्यतः intermediate consumption की तरह माना जा सकता हैIt can generally be treated as intermediate consumption

Step 1

Concept

Routine repair can be an intermediate cost of the current production process. In exams, distinguish new capital formation from maintenance repair.

Step 2

Why this answer is correct

The correct answer is B. यह सामान्यतः intermediate consumption की तरह माना जा सकता है / It can generally be treated as intermediate consumption. Routine repair can be an intermediate cost of the current production process. In exams, distinguish new capital formation from maintenance repair.

Step 3

Exam Tip

Routine repair वर्तमान उत्पादन प्रक्रिया की intermediate cost हो सकती है। परीक्षा में नई capital formation और maintenance repair में अंतर रखें।

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GDP में नई residential building का निर्माण किस रूप में गिना जाता है?

How is construction of a new residential building counted in GDP?

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Correct Answer

A. निवेश या fixed capital formationInvestment or fixed capital formation

Step 1

Concept

A new building is a final capital asset of the current year. In exams, include residential construction in capital formation.

Step 2

Why this answer is correct

The correct answer is A. निवेश या fixed capital formation / Investment or fixed capital formation. A new building is a final capital asset of the current year. In exams, include residential construction in capital formation.

Step 3

Exam Tip

नया भवन चालू वर्ष की final capital asset है। परीक्षा में residential construction को capital formation में शामिल करें।

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किस विकल्प में GDP के expenditure method का सही रूप है?

Which option gives the correct form of the expenditure method of GDP?

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Correct Answer

A. (GDP=C+I+G+(X-M))

Step 1

Concept

In the expenditure method, consumption, investment, government expenditure, and net exports are added. In exams, subtract imports from exports.

Step 2

Why this answer is correct

The correct answer is A. (GDP=C+I+G+(X-M)). In the expenditure method, consumption, investment, government expenditure, and net exports are added. In exams, subtract imports from exports.

Step 3

Exam Tip

Expenditure method में consumption, investment, government expenditure और net exports जोड़े जाते हैं। परीक्षा में imports को exports से घटाएं।

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यदि (C=5000), (I=1800), (G=1200), (X=900) और (M=700), तो (GDP) कितना होगा?

If (C=5000), (I=1800), (G=1200), (X=900), and (M=700), what is (GDP)?

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Correct Answer

B. 8200

Step 1

Concept

(GDP=5000+1800+1200+(900-700)=8200). In exams, subtract imports while adding net exports.

Step 2

Why this answer is correct

The correct answer is B. 8200. (GDP=5000+1800+1200+(900-700)=8200). In exams, subtract imports while adding net exports.

Step 3

Exam Tip

(GDP=5000+1800+1200+(900-700)=8200)। परीक्षा में net exports जोड़ते समय imports घटाएं।

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GDP में सरकारी स्कूल के शिक्षक का वेतन क्यों शामिल होगा?

Why will the salary of a government school teacher be included in GDP?

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A. क्योंकि यह उत्पादक सेवा के बदले factor income हैBecause it is factor income against productive service

Step 1

Concept

A teacher provides education service, so salary is factor income. In exams, keep salary separate from transfer payment.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह उत्पादक सेवा के बदले factor income है / Because it is factor income against productive service. A teacher provides education service, so salary is factor income. In exams, keep salary separate from transfer payment.

Step 3

Exam Tip

शिक्षक शिक्षा सेवा प्रदान करता है इसलिए वेतन factor income है। परीक्षा में salary को transfer payment से अलग रखें।

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यदि कोई व्यक्ति अपने पुराने मोबाइल को दूसरे व्यक्ति को बेचता है, तो GDP में मुख्य बिक्री राशि क्यों नहीं आएगी?

If a person sells an old mobile phone to another person, why will the main sale amount not enter GDP?

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Correct Answer

B. क्योंकि यह चालू वर्ष का उत्पादन नहीं हैBecause it is not current year production

Step 1

Concept

Resale of an old good does not create new production. In exams, remember the current production rule.

Step 2

Why this answer is correct

The correct answer is B. क्योंकि यह चालू वर्ष का उत्पादन नहीं है / Because it is not current year production. Resale of an old good does not create new production. In exams, remember the current production rule.

Step 3

Exam Tip

पुरानी वस्तु की resale से नया उत्पादन नहीं बनता। परीक्षा में current production rule याद रखें।

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GDP में broker द्वारा पुराने मकान की बिक्री में ली गई brokerage fee क्यों शामिल हो सकती है?

Why can the brokerage fee charged by a broker in selling an old house be included in GDP?

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Correct Answer

A. क्योंकि brokerage चालू वर्ष की सेवा हैBecause brokerage is a current year service

Step 1

Concept

The value of old asset is not included, but the broker's current service may be included. In exams, separate asset transfer from service charge.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि brokerage चालू वर्ष की सेवा है / Because brokerage is a current year service. The value of old asset is not included, but the broker's current service may be included. In exams, separate asset transfer from service charge.

Step 3

Exam Tip

पुरानी संपत्ति का मूल्य शामिल नहीं होता लेकिन broker की वर्तमान सेवा शामिल हो सकती है। परीक्षा में asset transfer और service charge अलग रखें।

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GDP के संदर्भ में current year production पर जोर क्यों दिया जाता है?

Why is emphasis placed on current year production in the context of GDP?

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A. क्योंकि GDP एक समय अवधि में नए उत्पादन को मापती हैBecause GDP measures new production during a period

Step 1

Concept

GDP is a flow concept that measures output during a year or period. In exams, remember the difference between stock and flow.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि GDP एक समय अवधि में नए उत्पादन को मापती है / Because GDP measures new production during a period. GDP is a flow concept that measures output during a year or period. In exams, remember the difference between stock and flow.

Step 3

Exam Tip

GDP flow concept है जो एक वर्ष या अवधि के उत्पादन को मापती है। परीक्षा में stock और flow का अंतर याद रखें।

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यदि किसी देश की nominal GDP दोगुनी हो गई लेकिन कीमतें भी लगभग दोगुनी हो गईं, तो real GDP के बारे में क्या कहा जा सकता है?

If a country's nominal GDP doubles but prices also nearly double, what can be said about real GDP?

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Correct Answer

B. Real GDP लगभग अपरिवर्तित रह सकती हैReal GDP may remain nearly unchanged

Step 1

Concept

Nominal GDP may rise due to price rise, but real output need not rise. In exams, connect real GDP with constant prices.

Step 2

Why this answer is correct

The correct answer is B. Real GDP लगभग अपरिवर्तित रह सकती है / Real GDP may remain nearly unchanged. Nominal GDP may rise due to price rise, but real output need not rise. In exams, connect real GDP with constant prices.

Step 3

Exam Tip

कीमत बढ़ने से nominal GDP बढ़ सकती है लेकिन real output जरूरी नहीं बढ़े। परीक्षा में real GDP को constant prices से जोड़ें।

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GDP में free online educational video बनाकर मुफ्त उपलब्ध कराने की समस्या किससे जुड़ी है?

The issue of a free online educational video made and provided freely is related to what in GDP?

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Correct Answer

A. भुगतान रहित digital service का मूल्यांकन कठिन होनाDifficulty in valuing unpaid digital service

Step 1

Concept

Free non-market digital services may not fully enter GDP. In exams, treat non-market production as a GDP limitation.

Step 2

Why this answer is correct

The correct answer is A. भुगतान रहित digital service का मूल्यांकन कठिन होना / Difficulty in valuing unpaid digital service. Free non-market digital services may not fully enter GDP. In exams, treat non-market production as a GDP limitation.

Step 3

Exam Tip

मुफ्त non-market digital services का मूल्य GDP में पूरी तरह नहीं आ सकता। परीक्षा में non-market production को GDP limitation समझें।

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किस स्थिति में GDP बढ़ने पर भी जीवन-स्तर का औसत संकेत कमजोर हो सकता है?

In which situation can GDP growth still give a weak average indication of living standard?

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A. जनसंख्या बहुत तेजी से बढ़ेPopulation grows very fast

Step 1

Concept

Fast population growth can reduce per capita GDP. In exams, use per capita real GDP for living standard.

Step 2

Why this answer is correct

The correct answer is A. जनसंख्या बहुत तेजी से बढ़े / Population grows very fast. Fast population growth can reduce per capita GDP. In exams, use per capita real GDP for living standard.

Step 3

Exam Tip

तेज population growth से per capita GDP कम हो सकती है। परीक्षा में living standard के लिए per capita real GDP देखें।

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यदि (GDP=6000) और जनसंख्या (300) है, तो प्रति व्यक्ति GDP कितना होगा?

If (GDP=6000) and population is (300), what is per capita GDP?

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Correct Answer

A. 20

Step 1

Concept

Per capita GDP will be \(6000\div300=20\). In exams, divide total GDP by population.

Step 2

Why this answer is correct

The correct answer is A. 20. Per capita GDP will be \(6000\div300=20\). In exams, divide total GDP by population.

Step 3

Exam Tip

प्रति व्यक्ति GDP \(6000\div300=20\) होगी। परीक्षा में total GDP को population से divide करें।

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GDP में घरेलू क्षेत्र के अंदर विदेशी बैंक शाखा द्वारा दी गई paid banking service कैसे मानी जाएगी?

How will paid banking service provided by a foreign bank branch within domestic territory be treated in GDP?

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Correct Answer

A. देश की GDP में शामिल होगीIt will be included in the country's GDP

Step 1

Concept

Even if foreign-owned, a service provided within domestic territory is included in GDP. In exams, see location of production, not ownership.

Step 2

Why this answer is correct

The correct answer is A. देश की GDP में शामिल होगी / It will be included in the country's GDP. Even if foreign-owned, a service provided within domestic territory is included in GDP. In exams, see location of production, not ownership.

Step 3

Exam Tip

विदेशी स्वामित्व होने पर भी घरेलू सीमा में दी गई सेवा GDP में शामिल होती है। परीक्षा में ownership नहीं, location of production देखें।

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यदि सरकार नए अस्पताल भवन का निर्माण कराती है, तो GDP में इसे किस रूप में शामिल किया जाएगा?

If the government constructs a new hospital building, how will it be included in GDP?

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Correct Answer

A. सरकारी पूंजी निर्माणGovernment capital formation

Step 1

Concept

A new hospital building is a final capital asset. In exams, include public infrastructure construction in GDP.

Step 2

Why this answer is correct

The correct answer is A. सरकारी पूंजी निर्माण / Government capital formation. A new hospital building is a final capital asset. In exams, include public infrastructure construction in GDP.

Step 3

Exam Tip

नया अस्पताल भवन final capital asset है। परीक्षा में public infrastructure निर्माण को GDP में शामिल करें।

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GDP की production method में gross value added जोड़ते समय क्या सावधानी रखनी चाहिए?

What care should be taken while adding gross value added in the production method of GDP?

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C. प्रत्येक उत्पादक का output minus intermediate consumption लेंTake output minus intermediate consumption for each producer

Step 1

Concept

Gross value added is obtained by subtracting intermediate consumption from output. In exams, add value added to prevent double counting.

Step 2

Why this answer is correct

The correct answer is C. प्रत्येक उत्पादक का output minus intermediate consumption लें / Take output minus intermediate consumption for each producer. Gross value added is obtained by subtracting intermediate consumption from output. In exams, add value added to prevent double counting.

Step 3

Exam Tip

Gross value added output से intermediate consumption घटाकर मिलता है। परीक्षा में double counting रोकने के लिए value added जोड़ें।

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यदि output (5000), intermediate consumption (2200), और depreciation (300) है, तो gross value added कितना होगा?

If output is (5000), intermediate consumption is (2200), and depreciation is (300), what is gross value added?

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Correct Answer

B. 2800

Step 1

Concept

Gross value added is (5000-2200=2800). In exams, do not deduct depreciation while finding gross value added.

Step 2

Why this answer is correct

The correct answer is B. 2800. Gross value added is (5000-2200=2800). In exams, do not deduct depreciation while finding gross value added.

Step 3

Exam Tip

Gross value added (5000-2200=2800) है। परीक्षा में gross value added निकालते समय depreciation नहीं घटाते।

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GDP में illegal gambling income को शामिल न करना किस प्रकार की गणना सीमा है?

Not including illegal gambling income in GDP is what kind of measurement limitation?

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A. कानूनी और विश्वसनीय record की कमीLack of legal and reliable records

Step 1

Concept

Official valuation of illegal activities is difficult and unacceptable. In exams, keep illegal income outside GDP.

Step 2

Why this answer is correct

The correct answer is A. कानूनी और विश्वसनीय record की कमी / Lack of legal and reliable records. Official valuation of illegal activities is difficult and unacceptable. In exams, keep illegal income outside GDP.

Step 3

Exam Tip

अवैध गतिविधियों का official valuation कठिन और अस्वीकार्य होता है। परीक्षा में illegal income को GDP से बाहर रखें।

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GDP में घरेलू सीमा में विदेशी खिलाड़ी द्वारा खेली गई paid league match service कैसे देखी जाएगी?

How will paid league match service performed by a foreign player within domestic territory be viewed in GDP?

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Correct Answer

A. घरेलू GDP में शामिल होगीIt will be included in domestic GDP

Step 1

Concept

The service is produced within domestic territory, so it is included in GDP. In exams, focus more on economic territory than producer nationality.

Step 2

Why this answer is correct

The correct answer is A. घरेलू GDP में शामिल होगी / It will be included in domestic GDP. The service is produced within domestic territory, so it is included in GDP. In exams, focus more on economic territory than producer nationality.

Step 3

Exam Tip

सेवा घरेलू सीमा में उत्पादित हुई है इसलिए GDP में शामिल होगी। परीक्षा में producer की nationality से ज्यादा economic territory देखें।

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यदि कोई फर्म अपने कर्मचारियों को बोनस देती है जो उत्पादन कार्य से जुड़ा है, तो income method में इसे कैसे माना जाएगा?

If a firm pays bonus to employees related to production work, how will it be treated in the income method?

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A. Compensation of employees का भागPart of compensation of employees

Step 1

Concept

Production-linked bonus is a reward for labour service. In exams, treat production-linked employee payments as factor income.

Step 2

Why this answer is correct

The correct answer is A. Compensation of employees का भाग / Part of compensation of employees. Production-linked bonus is a reward for labour service. In exams, treat production-linked employee payments as factor income.

Step 3

Exam Tip

उत्पादन से जुड़ा बोनस श्रम सेवा का प्रतिफल है। परीक्षा में production-linked employee payments को factor income मानें।

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GDP में उपभोक्ता द्वारा खरीदी गई imported laptop को expenditure method में कैसे संतुलित किया जाता है?

How is an imported laptop bought by a consumer balanced in the expenditure method of GDP?

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Correct Answer

A. Consumption में आएगा और imports में घटेगाIt enters consumption and is subtracted under imports

Step 1

Concept

Spending on an imported good may appear in consumption but is subtracted as imports because it is not domestic output. In exams, understand import leakage.

Step 2

Why this answer is correct

The correct answer is A. Consumption में आएगा और imports में घटेगा / It enters consumption and is subtracted under imports. Spending on an imported good may appear in consumption but is subtracted as imports because it is not domestic output. In exams, understand import leakage.

Step 3

Exam Tip

Imported good पर खर्च consumption में दिख सकता है पर domestic output न होने से imports में घटता है। परीक्षा में import leakage को समझें।

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किस उदाहरण में GDP में उत्पादन तो बढ़ेगा लेकिन सामाजिक कल्याण घट भी सकता है?

In which example can GDP rise but social welfare may still fall?

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Correct Answer

B. प्रदूषण फैलाने वाले कारखानों का output बढ़नाOutput of polluting factories increases

Step 1

Concept

Polluting production may raise GDP but harm health and environment. In exams, connect negative externality with GDP limitation.

Step 2

Why this answer is correct

The correct answer is B. प्रदूषण फैलाने वाले कारखानों का output बढ़ना / Output of polluting factories increases. Polluting production may raise GDP but harm health and environment. In exams, connect negative externality with GDP limitation.

Step 3

Exam Tip

प्रदूषणकारी उत्पादन GDP बढ़ा सकता है पर स्वास्थ्य और पर्यावरण को नुकसान दे सकता है। परीक्षा में negative externality को GDP limitation से जोड़ें।

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GDP को stock नहीं बल्कि flow concept क्यों कहा जाता है?

Why is GDP called a flow concept rather than a stock?

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Correct Answer

A. क्योंकि यह एक निश्चित समय अवधि में उत्पादन मापती हैBecause it measures production during a specific period

Step 1

Concept

GDP measures output during a time period such as a year. In exams, identify flow variables by the phrase per period.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह एक निश्चित समय अवधि में उत्पादन मापती है / Because it measures production during a specific period. GDP measures output during a time period such as a year. In exams, identify flow variables by the phrase per period.

Step 3

Exam Tip

GDP समय अवधि जैसे एक वर्ष में हुए output का माप है। परीक्षा में flow variables को per period शब्द से पहचानें।

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