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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 राष्ट्रीय आय तक पहुंचने के लिए (NFIA) जोड़ने का वैचारिक कारण क्या है?

What is the conceptual reason for adding (NFIA) to reach national income in the expenditure method?

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Correct Answer

A. घरेलू उत्पाद को सामान्य निवासियों के राष्ट्रीय उत्पाद में बदलनाTo convert domestic product into national product of normal residents

Step 1

Concept

(NFIA) is the bridge between domestic and national concepts. It adjusts net factor income of normal residents from abroad.

Step 2

Why this answer is correct

The correct answer is A. घरेलू उत्पाद को सामान्य निवासियों के राष्ट्रीय उत्पाद में बदलना / To convert domestic product into national product of normal residents. (NFIA) is the bridge between domestic and national concepts. It adjusts net factor income of normal residents from abroad.

Step 3

Exam Tip

(NFIA) घरेलू और राष्ट्रीय अवधारणा के बीच पुल है। यह सामान्य निवासियों की विदेश से शुद्ध कारक आय को समायोजित करता है।

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यदि निर्यात (=700), आयात (=850), (PFCE=3000), (GFCE=800), (GCF=1200), तो \(GDP_{MP}\) कितना होगा?

If exports (=700), imports (=850), (PFCE=3000), (GFCE=800), (GCF=1200), what is \(GDP_{MP}\)?

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Correct Answer

A. 4850

Step 1

Concept

(NX=700-850=-150). Therefore \(GDP_{MP}=3000+800+1200-150=4850\).

Step 2

Why this answer is correct

The correct answer is A. 4850. (NX=700-850=-150). Therefore \(GDP_{MP}=3000+800+1200-150=4850\).

Step 3

Exam Tip

(NX=700-850=-150) है। इसलिए \(GDP_{MP}=3000+800+1200-150=4850\) होगा।

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व्यय विधि में निजी गैर-लाभकारी संस्थाओं की अंतिम सेवा लागत किसमें शामिल होती है?

In the expenditure method final service cost of private non-profit institutions is included in which item?

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Correct Answer

A. (PFCE)

Step 1

Concept

Final consumption of private non-profit institutions is counted in private final consumption expenditure. Keep it separate from government consumption.

Step 2

Why this answer is correct

The correct answer is A. (PFCE). Final consumption of private non-profit institutions is counted in private final consumption expenditure. Keep it separate from government consumption.

Step 3

Exam Tip

निजी गैर-लाभकारी संस्थाओं का अंतिम उपभोग निजी अंतिम उपभोग व्यय में गिना जाता है। इसे सरकारी उपभोग से अलग रखें।

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व्यय विधि में छात्रवृत्ति पाने वाले छात्र द्वारा पुस्तक खरीदने पर कौन-सा भाग गिना जाएगा?

In the expenditure method when a student receiving scholarship buys a book which part will be counted?

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Correct Answer

B. पुस्तक पर अंतिम व्ययFinal expenditure on the book

Step 1

Concept

Scholarship is a transfer payment. Book purchase is expenditure on a final good so that will be counted.

Step 2

Why this answer is correct

The correct answer is B. पुस्तक पर अंतिम व्यय / Final expenditure on the book. Scholarship is a transfer payment. Book purchase is expenditure on a final good so that will be counted.

Step 3

Exam Tip

छात्रवृत्ति हस्तांतरण भुगतान है। पुस्तक खरीद अंतिम वस्तु पर व्यय है इसलिए वही गिना जाएगा।

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व्यय विधि में किसी किसान द्वारा घर में खाने के लिए उगाया गया गेहूं कैसे माना जाएगा?

How will wheat grown by a farmer for household consumption be treated in the expenditure method?

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Correct Answer

A. अनुमानित मूल्य पर अंतिम उपभोग में शामिलIncluded in final consumption at imputed value

Step 1

Concept

Output retained for household consumption is also current final output. Its imputed value is included.

Step 2

Why this answer is correct

The correct answer is A. अनुमानित मूल्य पर अंतिम उपभोग में शामिल / Included in final consumption at imputed value. Output retained for household consumption is also current final output. Its imputed value is included.

Step 3

Exam Tip

घर में उपभोग के लिए रखा उत्पादन भी चालू अंतिम उत्पादन है। इसका अनुमानित मूल्य शामिल किया जाता है।

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यदि (GCF=950), (GFCF=1000), तो स्टॉक परिवर्तन कितना होगा?

If (GCF=950), (GFCF=1000), what is change in stock?

Explanation opens after your attempt
Correct Answer

B. -50

Step 1

Concept

(GCF=GFCF+Change\ in\ Stock). Therefore change in stock is (950-1000=-50).

Step 2

Why this answer is correct

The correct answer is B. -50. (GCF=GFCF+Change\ in\ Stock). Therefore change in stock is (950-1000=-50).

Step 3

Exam Tip

(GCF=GFCF+Change\ in\ Stock) है। इसलिए स्टॉक परिवर्तन (950-1000=-50) होगा।

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व्यय विधि में वस्तु की पुनर्विक्रय कीमत और पुनर्विक्रय सेवा शुल्क में क्या अंतर है?

What is the difference between resale price of a good and resale service charge in the expenditure method?

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Correct Answer

B. पुरानी वस्तु की कीमत नहीं गिनी जाती पर चालू सेवा शुल्क गिना जा सकता हैOld good price is not counted but current service charge can be counted

Step 1

Concept

The old good is not current production but the service provided in resale can be current year service. Hence service charge may be included.

Step 2

Why this answer is correct

The correct answer is B. पुरानी वस्तु की कीमत नहीं गिनी जाती पर चालू सेवा शुल्क गिना जा सकता है / Old good price is not counted but current service charge can be counted. The old good is not current production but the service provided in resale can be current year service. Hence service charge may be included.

Step 3

Exam Tip

पुरानी वस्तु चालू उत्पादन नहीं है लेकिन पुनर्विक्रय में दी गई सेवा चालू वर्ष की सेवा हो सकती है। इसलिए सेवा शुल्क शामिल हो सकता है।

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व्यय विधि में \(GDP_{MP}\) और \(GNP_{MP}\) का अंतर किससे समझाया जाता है?

In the expenditure method the difference between \(GDP_{MP}\) and \(GNP_{MP}\) is explained by what?

Explanation opens after your attempt
Correct Answer

C. शुद्ध विदेशी कारक आयNet factor income from abroad

Step 1

Concept

\(GNP_{MP}=GDP_{MP}+NFIA\). Thus (NFIA) creates the difference between domestic and national gross product.

Step 2

Why this answer is correct

The correct answer is C. शुद्ध विदेशी कारक आय / Net factor income from abroad. \(GNP_{MP}=GDP_{MP}+NFIA\). Thus (NFIA) creates the difference between domestic and national gross product.

Step 3

Exam Tip

\(GNP_{MP}=GDP_{MP}+NFIA\) होता है। इसलिए (NFIA) घरेलू और राष्ट्रीय सकल उत्पाद में अंतर बनाता है।

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व्यय विधि में सरकारी मुफ्त टीकाकरण कार्यक्रम का मूल्य किस आधार पर लिया जाएगा?

On what basis will the value of a free government vaccination programme be taken in the expenditure method?

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Correct Answer

B. सरकार की उत्पादन लागत के आधार परOn the basis of government cost of production

Step 1

Concept

Market price of free government services is not available. Therefore their value is estimated by cost of production.

Step 2

Why this answer is correct

The correct answer is B. सरकार की उत्पादन लागत के आधार पर / On the basis of government cost of production. Market price of free government services is not available. Therefore their value is estimated by cost of production.

Step 3

Exam Tip

मुफ्त सरकारी सेवाओं का बाजार मूल्य उपलब्ध नहीं होता। इसलिए उनका मूल्य उत्पादन लागत से आँका जाता है।

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यदि \(GDP_{MP}=7200\), \(NNP_{FC}=6300\), मूल्यह्रास (=400), और (NFIA=100) है तो (NIT) कितना होगा?

If \(GDP_{MP}=7200\), \(NNP_{FC}=6300\), depreciation (=400), and (NFIA=100), what is (NIT)?

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Correct Answer

C. 600

Step 1

Concept

\(NNP_{FC}=GDP_{MP}-Depreciation-NIT+NFIA\). (6300=7200-400-NIT+100), so (NIT=600).

Step 2

Why this answer is correct

The correct answer is C. 600. \(NNP_{FC}=GDP_{MP}-Depreciation-NIT+NFIA\). (6300=7200-400-NIT+100), so (NIT=600).

Step 3

Exam Tip

\(NNP_{FC}=GDP_{MP}-Depreciation-NIT+NFIA\) है। (6300=7200-400-NIT+100), इसलिए (NIT=600)।

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