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

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Methods of calculating national income - Expenditure Method Practice Questions

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कंपनी द्वारा कच्चे माल की खरीद व्यय विधि में अंतिम व्यय क्यों नहीं है?

Why is a company's purchase of raw material not final expenditure in the expenditure method?

Explanation opens after your attempt
Correct Answer

A. क्योंकि कच्चा माल आगे उत्पादन में उपयोग होगाBecause raw material will be used further in production

Step 1

Concept

Raw material is an intermediate good. Its value gets included in the final product.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि कच्चा माल आगे उत्पादन में उपयोग होगा / Because raw material will be used further in production. Raw material is an intermediate good. Its value gets included in the final product.

Step 3

Exam Tip

कच्चा माल मध्यवर्ती वस्तु है। इसका मूल्य अंतिम उत्पाद में शामिल हो जाता है।

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परिवार द्वारा नई साइकिल खरीदना किस श्रेणी में आएगा?

A household buying a new bicycle will come under which category?

Explanation opens after your attempt
Correct Answer

A. निजी अंतिम उपभोग व्ययPrivate final consumption expenditure

Step 1

Concept

For a household, a new bicycle is a final consumption good. Therefore it is included in (C).

Step 2

Why this answer is correct

The correct answer is A. निजी अंतिम उपभोग व्यय / Private final consumption expenditure. For a household, a new bicycle is a final consumption good. Therefore it is included in (C).

Step 3

Exam Tip

परिवार के लिए नई साइकिल अंतिम उपभोग वस्तु है। इसलिए यह (C) में शामिल होती है।

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कंपनी द्वारा नई डिलीवरी वैन खरीदना किस घटक में शामिल होगा?

A company buying a new delivery van will be included in which component?

Explanation opens after your attempt
Correct Answer

A. निवेश व्ययInvestment expenditure

Step 1

Concept

For a company, a delivery van is a capital good used in production. Therefore it is investment expenditure.

Step 2

Why this answer is correct

The correct answer is A. निवेश व्यय / Investment expenditure. For a company, a delivery van is a capital good used in production. Therefore it is investment expenditure.

Step 3

Exam Tip

कंपनी के लिए डिलीवरी वैन उत्पादन में उपयोग होने वाली पूंजीगत वस्तु है। इसलिए यह निवेश व्यय है।

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व्यय विधि में पुरानी वस्तु का पूरा मूल्य क्यों बाहर रखा जाता है?

Why is the full value of an old good excluded in the expenditure method?

Explanation opens after your attempt
Correct Answer

A. वह चालू वर्ष का उत्पादन नहीं हैIt is not current year's production

Step 1

Concept

An old good was produced in an earlier year. Its full value is not added in current year's national income estimate.

Step 2

Why this answer is correct

The correct answer is A. वह चालू वर्ष का उत्पादन नहीं है / It is not current year's production. An old good was produced in an earlier year. Its full value is not added in current year's national income estimate.

Step 3

Exam Tip

पुरानी वस्तु किसी पिछले वर्ष में उत्पादित हो चुकी होती है। चालू वर्ष के राष्ट्रीय आय अनुमान में उसका पूरा मूल्य नहीं जोड़ा जाता।

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पुरानी वस्तु की बिक्री पर ब्रोकर शुल्क किस कारण शामिल हो सकता है?

For what reason can brokerage fee on sale of an old good be included?

Explanation opens after your attempt
Correct Answer

A. यह चालू वर्ष की सेवा हैIt is a current year service

Step 1

Concept

The value of the old good is not included, but the broker's service is provided in the current year. Hence service fee may be included.

Step 2

Why this answer is correct

The correct answer is A. यह चालू वर्ष की सेवा है / It is a current year service. The value of the old good is not included, but the broker's service is provided in the current year. Hence service fee may be included.

Step 3

Exam Tip

पुरानी वस्तु का मूल्य शामिल नहीं होगा, पर ब्रोकर की सेवा वर्तमान वर्ष में दी गई है। इसलिए सेवा शुल्क शामिल हो सकता है।

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सरकार द्वारा बेरोजगारी भत्ता देना व्यय विधि में किस प्रकार का भुगतान है?

Government payment of unemployment allowance is what type of payment in the expenditure method?

Explanation opens after your attempt
Correct Answer

A. हस्तांतरण भुगतानTransfer payment

Step 1

Concept

Unemployment allowance is given without receiving a current production service in return. Therefore it is not added to final expenditure.

Step 2

Why this answer is correct

The correct answer is A. हस्तांतरण भुगतान / Transfer payment. Unemployment allowance is given without receiving a current production service in return. Therefore it is not added to final expenditure.

Step 3

Exam Tip

बेरोजगारी भत्ता बिना चालू उत्पादन सेवा के बदले दिया जाता है। इसलिए इसे अंतिम व्यय में नहीं जोड़ा जाता।

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छात्रवृत्ति का व्यय विधि में सही व्यवहार क्या है?

What is the correct treatment of scholarship in the expenditure method?

Explanation opens after your attempt
Correct Answer

A. इसे सामान्यतः अंतिम व्यय में नहीं जोड़ा जाताIt is generally not added to final expenditure

Step 1

Concept

Scholarship is a transfer payment. No current good or service is received by the government in return.

Step 2

Why this answer is correct

The correct answer is A. इसे सामान्यतः अंतिम व्यय में नहीं जोड़ा जाता / It is generally not added to final expenditure. Scholarship is a transfer payment. No current good or service is received by the government in return.

Step 3

Exam Tip

छात्रवृत्ति हस्तांतरण भुगतान है। इसके बदले कोई चालू वस्तु या सेवा सरकार को नहीं मिलती।

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यदि (C = 900), (I = 180), (G = 220), (X = 70) और (M = 110), तो \(GDP_{MP}\) कितना होगा?

If (C = 900), (I = 180), (G = 220), (X = 70) and (M = 110), what is \(GDP_{MP}\)?

Explanation opens after your attempt
Correct Answer

A. ₹1,260

Step 1

Concept

Net exports are (70 - 110 = -40). \(GDP_{MP} = 900 + 180 + 220 - 40 = 1260\).

Step 2

Why this answer is correct

The correct answer is A. ₹1,260. Net exports are (70 - 110 = -40). \(GDP_{MP} = 900 + 180 + 220 - 40 = 1260\).

Step 3

Exam Tip

शुद्ध निर्यात (70 - 110 = -40) है। \(GDP_{MP} = 900 + 180 + 220 - 40 = 1260\) है।

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सकल निवेश में स्टॉक परिवर्तन कब जोड़ा जाता है?

When is change in stock added in gross investment?

Explanation opens after your attempt
Correct Answer

A. जब अंतिम स्टॉक आरंभिक स्टॉक से अधिक होWhen closing stock is more than opening stock

Step 1

Concept

Increase in stock is part of investment. It shows unsold current production.

Step 2

Why this answer is correct

The correct answer is A. जब अंतिम स्टॉक आरंभिक स्टॉक से अधिक हो / When closing stock is more than opening stock. Increase in stock is part of investment. It shows unsold current production.

Step 3

Exam Tip

स्टॉक में वृद्धि निवेश का हिस्सा होती है। यह न बिके हुए चालू उत्पादन को दिखाती है।

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यदि अंतिम स्टॉक ₹90,000 और आरंभिक स्टॉक ₹1,20,000 है, तो स्टॉक परिवर्तन कितना होगा?

If closing stock is ₹90,000 and opening stock is ₹1,20,000, what will be change in stock?

Explanation opens after your attempt
Correct Answer

B. ₹-30,000

Step 1

Concept

Change in stock is (Closing Stock - Opening Stock). (90000 - 120000 = -30000).

Step 2

Why this answer is correct

The correct answer is B. ₹-30,000. Change in stock is (Closing Stock - Opening Stock). (90000 - 120000 = -30000).

Step 3

Exam Tip

स्टॉक परिवर्तन (Closing Stock - Opening Stock) है। (90000 - 120000 = -30000) होगा।

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