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Economics Methods of calculating national income - Value Added/Product Method MCQ Questions for Class 12 Humanities

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Methods of calculating national income - Value Added/Product Method Practice Questions

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यदि किसी इकाई का उत्पादन मूल्य (1000), मध्यवर्ती उपभोग (600) और मूल्यह्रास (50) है तो निवल मूल्य वर्धित कितना है?

If a units value of output is (1000), intermediate consumption is (600) and depreciation is (50) what is net value added?

Explanation opens after your attempt
Correct Answer

C. (350)

Step 1

Concept

Gross value added is (1000-600=400). Net value added will be (400-50=350).

Step 2

Why this answer is correct

The correct answer is C. (350). Gross value added is (1000-600=400). Net value added will be (400-50=350).

Step 3

Exam Tip

सकल मूल्य वर्धित (1000-600=400) है। निवल मूल्य वर्धित (400-50=350) होगा।

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उत्पादन विधि में दोहरी गणना रोकने के लिए सबसे सही तरीका कौन सा है?

Which is the most correct way to prevent double counting in the product method?

Explanation opens after your attempt
Correct Answer

D. प्रत्येक चरण का केवल मूल्य वर्धित जोड़नाAdding only value added at each stage

Step 1

Concept

Adding only value added at each stage avoids double counting of intermediate goods. This is the main precaution of the product method.

Step 2

Why this answer is correct

The correct answer is D. प्रत्येक चरण का केवल मूल्य वर्धित जोड़ना / Adding only value added at each stage. Adding only value added at each stage avoids double counting of intermediate goods. This is the main precaution of the product method.

Step 3

Exam Tip

प्रत्येक चरण का मूल्य वर्धित जोड़ने से मध्यवर्ती वस्तुओं की दोहरी गणना नहीं होती। यह उत्पादन विधि की मुख्य सावधानी है।

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किस स्थिति में एक ही वस्तु मध्यवर्ती वस्तु मानी जाएगी?

In which situation will the same good be treated as an intermediate good?

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Correct Answer

A. जब वह आगे उत्पादन में उपयोग होWhen it is used further in production

Step 1

Concept

Classification of a good depends on its use. When used further in production it is an intermediate good.

Step 2

Why this answer is correct

The correct answer is A. जब वह आगे उत्पादन में उपयोग हो / When it is used further in production. Classification of a good depends on its use. When used further in production it is an intermediate good.

Step 3

Exam Tip

वस्तु का वर्गीकरण उसके उपयोग पर निर्भर करता है। आगे उत्पादन में लगने पर वह मध्यवर्ती वस्तु होती है।

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यदि दूध मिठाई की दुकान द्वारा मिठाई बनाने के लिए खरीदा गया है तो वह क्या है?

If milk is bought by a sweet shop to make sweets what is it?

Explanation opens after your attempt
Correct Answer

B. मध्यवर्ती वस्तुIntermediate good

Step 1

Concept

The shop uses milk further in production. Therefore milk is an intermediate good for the shop.

Step 2

Why this answer is correct

The correct answer is B. मध्यवर्ती वस्तु / Intermediate good. The shop uses milk further in production. Therefore milk is an intermediate good for the shop.

Step 3

Exam Tip

दुकान दूध का उपयोग आगे उत्पादन में करती है। इसलिए दुकान के लिए दूध मध्यवर्ती वस्तु है।

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यदि वही दूध परिवार ने पीने के लिए खरीदा है तो वह क्या माना जाएगा?

If the same milk is bought by a household for drinking what will it be treated as?

Explanation opens after your attempt
Correct Answer

C. अंतिम उपभोग वस्तुFinal consumption good

Step 1

Concept

Milk bought by a household for drinking is used finally. Therefore it is a final consumption good.

Step 2

Why this answer is correct

The correct answer is C. अंतिम उपभोग वस्तु / Final consumption good. Milk bought by a household for drinking is used finally. Therefore it is a final consumption good.

Step 3

Exam Tip

परिवार द्वारा पीने के लिए खरीदा गया दूध अंतिम उपयोग में आता है। इसलिए यह अंतिम उपभोग वस्तु है।

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पुरानी मशीन की बिक्री के पूरे मूल्य को वर्तमान राष्ट्रीय आय में क्यों नहीं जोड़ा जाता?

Why is the full sale value of an old machine not added to current national income?

Explanation opens after your attempt
Correct Answer

D. क्योंकि उसका उत्पादन पहले ही गिना जा चुका हैBecause its production has already been counted earlier

Step 1

Concept

The value of an old machine was counted in its production year. In the current year only new service like commission can be added.

Step 2

Why this answer is correct

The correct answer is D. क्योंकि उसका उत्पादन पहले ही गिना जा चुका है / Because its production has already been counted earlier. The value of an old machine was counted in its production year. In the current year only new service like commission can be added.

Step 3

Exam Tip

पुरानी मशीन का मूल्य उसके उत्पादन वर्ष में गिना गया था। वर्तमान वर्ष में केवल नई सेवा जैसे कमीशन जोड़ी जा सकती है।

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पुरानी कार की बिक्री में एजेंट की कमीशन को उत्पादन विधि में क्यों शामिल किया जाता है?

Why is agents commission on sale of an old car included in the product method?

Explanation opens after your attempt
Correct Answer

A. क्योंकि यह वर्तमान वर्ष की नई सेवा हैBecause it is a new service of the current year

Step 1

Concept

Commission is a productive service provided in the current year. The full value of the old car will not be added.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह वर्तमान वर्ष की नई सेवा है / Because it is a new service of the current year. Commission is a productive service provided in the current year. The full value of the old car will not be added.

Step 3

Exam Tip

कमीशन वर्तमान वर्ष में प्रदान की गई उत्पादक सेवा है। पुरानी कार का पूरा मूल्य नहीं जोड़ा जाएगा।

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शेयर खरीदने पर भुगतान को उत्पादन विधि में क्यों नहीं जोड़ा जाता?

Why is payment for purchase of shares not added in the product method?

Explanation opens after your attempt
Correct Answer

B. क्योंकि यह वित्तीय संपत्ति का स्वामित्व हस्तांतरण हैBecause it is transfer of ownership of a financial asset

Step 1

Concept

Purchase of shares does not create new production. It only changes ownership of a financial asset.

Step 2

Why this answer is correct

The correct answer is B. क्योंकि यह वित्तीय संपत्ति का स्वामित्व हस्तांतरण है / Because it is transfer of ownership of a financial asset. Purchase of shares does not create new production. It only changes ownership of a financial asset.

Step 3

Exam Tip

शेयर की खरीद नया उत्पादन नहीं बनाती। यह केवल वित्तीय संपत्ति का स्वामित्व बदलती है।

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यदि किसान गेहूं (100) में बेचता है, मिल आटा (160) में बेचती है और बेकरी ब्रेड (250) में बेचती है, तो कुल मूल्य वर्धित कितना होगा?

If a farmer sells wheat for (100), a mill sells flour for (160) and a bakery sells bread for (250), what is total value added?

Explanation opens after your attempt
Correct Answer

C. (250)

Step 1

Concept

Total value added will equal the final bread value (250). Adding all sales would cause double counting.

Step 2

Why this answer is correct

The correct answer is C. (250). Total value added will equal the final bread value (250). Adding all sales would cause double counting.

Step 3

Exam Tip

कुल मूल्य वर्धित अंतिम ब्रेड के मूल्य (250) के बराबर होगा। सभी बिक्री जोड़ने से दोहरी गणना होगी।

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ऊपर के उदाहरण में मिल का मूल्य वर्धित कितना होगा यदि गेहूं (100) और आटा (160) है?

In the above type of example what is the mills value added if wheat is (100) and flour is (160)?

Explanation opens after your attempt
Correct Answer

D. (60)

Step 1

Concept

For the mill wheat is intermediate consumption. Therefore the mills value added is (160-100=60).

Step 2

Why this answer is correct

The correct answer is D. (60). For the mill wheat is intermediate consumption. Therefore the mills value added is (160-100=60).

Step 3

Exam Tip

मिल के लिए गेहूं मध्यवर्ती उपभोग है। इसलिए मिल का मूल्य वर्धित (160-100=60) है।

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