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Economics Methods of calculating national income - Expenditure Method MCQ Questions for Class 12 Humanities

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व्यय विधि में घरेलू उत्पाद और राष्ट्रीय उत्पाद में मुख्य अंतर किससे आता है?

In the expenditure method what mainly creates the difference between domestic product and national product?

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Correct Answer

A. शुद्ध विदेशी कारक आयNet factor income from abroad

Step 1

Concept

Domestic product measures production within domestic territory while national product relates to residents’ income. (NFIA) is adjusted between them.

Step 2

Why this answer is correct

The correct answer is A. शुद्ध विदेशी कारक आय / Net factor income from abroad. Domestic product measures production within domestic territory while national product relates to residents’ income. (NFIA) is adjusted between them.

Step 3

Exam Tip

घरेलू उत्पाद घरेलू सीमा के उत्पादन को मापता है जबकि राष्ट्रीय उत्पाद निवासियों की आय से जुड़ता है। दोनों के बीच (NFIA) का समायोजन होता है।

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निम्न में से कौन-सा व्यय विधि में दोहरी गणना की संभावना पैदा करता है?

Which of the following creates a possibility of double counting in the expenditure method?

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Correct Answer

A. अंतिम उत्पाद के साथ कच्चे माल पर खर्च भी जोड़नाAdding expenditure on raw material along with final product

Step 1

Concept

The value of raw material is included in the final product. Adding both is double counting.

Step 2

Why this answer is correct

The correct answer is A. अंतिम उत्पाद के साथ कच्चे माल पर खर्च भी जोड़ना / Adding expenditure on raw material along with final product. The value of raw material is included in the final product. Adding both is double counting.

Step 3

Exam Tip

कच्चे माल का मूल्य अंतिम उत्पाद में शामिल होता है। दोनों को जोड़ना दोहरी गणना है।

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व्यय विधि में घरेलू क्षेत्र द्वारा बीमा सेवा पर भुगतान को किसमें माना जाएगा?

In the expenditure method payment by household for insurance service is treated under which item?

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Correct Answer

A. निजी अंतिम उपभोग व्ययPrivate final consumption expenditure

Step 1

Concept

Insurance service bought by a household is a final service. Hence its service charge comes under private final consumption expenditure.

Step 2

Why this answer is correct

The correct answer is A. निजी अंतिम उपभोग व्यय / Private final consumption expenditure. Insurance service bought by a household is a final service. Hence its service charge comes under private final consumption expenditure.

Step 3

Exam Tip

घर द्वारा खरीदी गई बीमा सेवा अंतिम सेवा है। इसलिए इसका सेवा शुल्क निजी अंतिम उपभोग व्यय में आता है।

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व्यय विधि में उत्पादक द्वारा पुनर्विक्रय के लिए खरीदा गया माल किस प्रकार का खर्च है?

In the expenditure method goods purchased by a producer for resale are what type of expenditure?

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Correct Answer

A. मध्यवर्ती व्ययIntermediate expenditure

Step 1

Concept

Goods bought for resale are not for final use. Therefore they are not included in final expenditure.

Step 2

Why this answer is correct

The correct answer is A. मध्यवर्ती व्यय / Intermediate expenditure. Goods bought for resale are not for final use. Therefore they are not included in final expenditure.

Step 3

Exam Tip

पुनर्विक्रय के लिए खरीदा गया माल अंतिम उपयोग में नहीं जाता। इसलिए इसे अंतिम व्यय में शामिल नहीं किया जाता।

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व्यय विधि में (GCF) और (GFCE) में मुख्य अंतर क्या है?

What is the main difference between (GCF) and (GFCE) in the expenditure method?

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Correct Answer

A. (GCF) निवेश है जबकि (GFCE) सरकार का अंतिम उपभोग है(GCF) is investment while (GFCE) is government final consumption

Step 1

Concept

(GCF) relates to capital assets and change in stock. (GFCE) relates to government spending on final services.

Step 2

Why this answer is correct

The correct answer is A. (GCF) निवेश है जबकि (GFCE) सरकार का अंतिम उपभोग है / (GCF) is investment while (GFCE) is government final consumption. (GCF) relates to capital assets and change in stock. (GFCE) relates to government spending on final services.

Step 3

Exam Tip

(GCF) पूंजीगत परिसंपत्तियों और स्टॉक परिवर्तन से जुड़ा है। (GFCE) सरकार की अंतिम सेवाओं के उपभोग खर्च से जुड़ा है।

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यदि आयात निर्यात से अधिक हैं तो शुद्ध निर्यात कैसा होगा?

If imports are greater than exports what will net exports be?

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Correct Answer

A. ऋणात्मकNegative

Step 1

Concept

Net exports are exports minus imports. When imports are higher its value is negative.

Step 2

Why this answer is correct

The correct answer is A. ऋणात्मक / Negative. Net exports are exports minus imports. When imports are higher its value is negative.

Step 3

Exam Tip

शुद्ध निर्यात निर्यात घटा आयात होता है। आयात अधिक होने पर इसका मान ऋणात्मक होता है।

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व्यय विधि में कौन-सा कथन सही है?

Which statement is correct about the expenditure method?

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Correct Answer

A. यह अंतिम वस्तुओं और सेवाओं पर सभी क्षेत्रों के अंतिम व्यय को जोड़ती हैIt adds final expenditure of all sectors on final goods and services

Step 1

Concept

The expenditure method considers final expenditure by households government producers and foreign sector. Do not mix it with income or product method.

Step 2

Why this answer is correct

The correct answer is A. यह अंतिम वस्तुओं और सेवाओं पर सभी क्षेत्रों के अंतिम व्यय को जोड़ती है / It adds final expenditure of all sectors on final goods and services. The expenditure method considers final expenditure by households government producers and foreign sector. Do not mix it with income or product method.

Step 3

Exam Tip

व्यय विधि में परिवार सरकार उत्पादक और विदेशी क्षेत्र के अंतिम व्यय को ध्यान में रखा जाता है। इसे आय विधि या उत्पाद विधि से न मिलाएं।

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यदि (PFCE=600), (GFCE=200), (GCF=250), निर्यात (=90), और आयात (=140) है तो व्यय विधि से \(GDP_{MP}\) कितना होगा?

If (PFCE=600), (GFCE=200), (GCF=250), exports (=90), and imports (=140), what will be \(GDP_{MP}\) by the expenditure method?

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Correct Answer

A. 1000

Step 1

Concept

Net exports are (90-140=-50). Therefore (600+200+250-50=1000).

Step 2

Why this answer is correct

The correct answer is A. 1000. Net exports are (90-140=-50). Therefore (600+200+250-50=1000).

Step 3

Exam Tip

शुद्ध निर्यात (90-140=-50) है। इसलिए (600+200+250-50=1000) होगा।

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व्यय विधि में स्व-उपभोग के लिए उत्पादित अंतिम वस्तुओं का मूल्य कैसे माना जाता है?

How is the value of final goods produced for self-consumption treated in the expenditure method?

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Correct Answer

A. अनुमानित बाजार मूल्य पर अंतिम व्यय में शामिल किया जाता हैIncluded in final expenditure at estimated market value

Step 1

Concept

Final goods for self-consumption are also part of current production. Therefore their estimated value is included in national income.

Step 2

Why this answer is correct

The correct answer is A. अनुमानित बाजार मूल्य पर अंतिम व्यय में शामिल किया जाता है / Included in final expenditure at estimated market value. Final goods for self-consumption are also part of current production. Therefore their estimated value is included in national income.

Step 3

Exam Tip

स्व-उपभोग की अंतिम वस्तुएं भी चालू उत्पादन का भाग होती हैं। इसलिए उनका अनुमानित मूल्य राष्ट्रीय आय में शामिल किया जाता है।

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व्यय विधि में निजी कंपनी द्वारा नया कारखाना भवन बनवाने का खर्च किसमें आएगा?

In the expenditure method expenditure by a private company on constructing a new factory building will come under which item?

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Correct Answer

A. सकल स्थिर पूंजी निर्माणGross fixed capital formation

Step 1

Concept

A new factory building is a capital asset used for production. Therefore it is included in gross fixed capital formation.

Step 2

Why this answer is correct

The correct answer is A. सकल स्थिर पूंजी निर्माण / Gross fixed capital formation. A new factory building is a capital asset used for production. Therefore it is included in gross fixed capital formation.

Step 3

Exam Tip

नया कारखाना भवन उत्पादन के लिए पूंजीगत परिसंपत्ति है। इसलिए इसे सकल स्थिर पूंजी निर्माण में शामिल किया जाता है।

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