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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 बिक्री (1200), स्टॉक कमी (100) और मध्यवर्ती उपभोग (450) है तो सकल मूल्य वर्धित कितना होगा?

If sales are (1200), decrease in stock is (100) and intermediate consumption is (450) what will be gross value added?

Explanation opens after your attempt
Correct Answer

B. (650)

Step 1

Concept

Value of output will be (1200-100=1100). Gross value added will be (1100-450=650).

Step 2

Why this answer is correct

The correct answer is B. (650). Value of output will be (1200-100=1100). Gross value added will be (1100-450=650).

Step 3

Exam Tip

उत्पादन मूल्य (1200-100=1100) होगा। सकल मूल्य वर्धित (1100-450=650) होगा।

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यदि बाजार मूल्य पर सकल मूल्य वर्धित (2000), मूल्यह्रास (180), अप्रत्यक्ष कर (160) और सब्सिडी (60) है तो कारक लागत पर निवल मूल्य वर्धित कितना होगा?

If gross value added at market price is (2000), depreciation is (180), indirect tax is (160) and subsidy is (60) what is net value added at factor cost?

Explanation opens after your attempt
Correct Answer

A. (1720)

Step 1

Concept

Net value added at market price is (2000-180=1820) and net indirect tax is (100). At factor cost it will be (1820-100=1720).

Step 2

Why this answer is correct

The correct answer is A. (1720). Net value added at market price is (2000-180=1820) and net indirect tax is (100). At factor cost it will be (1820-100=1720).

Step 3

Exam Tip

निवल मूल्य वर्धित बाजार मूल्य पर (2000-180=1820) है और निवल अप्रत्यक्ष कर (100) है। कारक लागत पर (1820-100=1720) होगा।

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यदि सभी क्षेत्रों का कारक लागत पर निवल घरेलू उत्पाद (6000) और विदेश से निवल कारक आय (-250) है तो राष्ट्रीय आय कितनी होगी?

If net domestic product at factor cost of all sectors is (6000) and net factor income from abroad is (-250) what will be national income?

Explanation opens after your attempt
Correct Answer

B. (5750)

Step 1

Concept

Net factor income from abroad is added to get national income. Since it is negative (6000-250=5750).

Step 2

Why this answer is correct

The correct answer is B. (5750). Net factor income from abroad is added to get national income. Since it is negative (6000-250=5750).

Step 3

Exam Tip

राष्ट्रीय आय पाने के लिए विदेश से निवल कारक आय जोड़ी जाती है। ऋणात्मक होने पर (6000-250=5750) होगा।

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यदि विदेश से प्राप्त कारक आय (300) और विदेश को दी गई कारक आय (380) है तो विदेश से निवल कारक आय कितनी होगी?

If factor income received from abroad is (300) and factor income paid abroad is (380) what will be net factor income from abroad?

Explanation opens after your attempt
Correct Answer

C. (-80)

Step 1

Concept

Net factor income from abroad is income received minus income paid. Therefore (300-380=-80).

Step 2

Why this answer is correct

The correct answer is C. (-80). Net factor income from abroad is income received minus income paid. Therefore (300-380=-80).

Step 3

Exam Tip

विदेश से निवल कारक आय प्राप्त आय में से दी गई आय घटाकर मिलती है। इसलिए (300-380=-80) होगा।

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यदि घरेलू उत्पाद को राष्ट्रीय उत्पाद में बदलना हो तो कौन सा समायोजन करना होगा?

If domestic product has to be converted into national product which adjustment is required?

Explanation opens after your attempt
Correct Answer

D. विदेश से निवल कारक आय जोड़नाAdd net factor income from abroad

Step 1

Concept

Domestic product is territory based and national product is residents based. Net factor income from abroad links the two.

Step 2

Why this answer is correct

The correct answer is D. विदेश से निवल कारक आय जोड़ना / Add net factor income from abroad. Domestic product is territory based and national product is residents based. Net factor income from abroad links the two.

Step 3

Exam Tip

घरेलू उत्पाद स्थान आधारित है और राष्ट्रीय उत्पाद निवासियों पर आधारित है। दोनों को जोड़ने वाली कड़ी विदेश से निवल कारक आय है।

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यदि भारतीय कंपनी विदेश में लाभ कमाती है तो राष्ट्रीय आय में इसका व्यवहार कैसा होगा?

If an Indian company earns profit abroad how will it be treated in national income?

Explanation opens after your attempt
Correct Answer

A. विदेश से प्राप्त कारक आय के रूप में शामिल होगाIt will be included as factor income received from abroad

Step 1

Concept

Factor income earned abroad by a resident is part of national income. It is counted as factor income received from abroad.

Step 2

Why this answer is correct

The correct answer is A. विदेश से प्राप्त कारक आय के रूप में शामिल होगा / It will be included as factor income received from abroad. Factor income earned abroad by a resident is part of national income. It is counted as factor income received from abroad.

Step 3

Exam Tip

विदेश में निवासी द्वारा कमाई गई कारक आय राष्ट्रीय आय का भाग होती है। इसे विदेश से प्राप्त कारक आय में गिना जाता है।

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यदि विदेशी कंपनी भारत की घरेलू सीमा में उत्पादन करती है तो उसका मूल्य वर्धित किसमें शामिल होगा?

If a foreign company produces within Indias domestic territory where will its value added be included?

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Correct Answer

A. भारत के घरेलू उत्पाद मेंIn Indias domestic product

Step 1

Concept

Domestic product is based on place of production. Production within Indias domestic territory is included in Indias domestic product.

Step 2

Why this answer is correct

The correct answer is A. भारत के घरेलू उत्पाद में / In Indias domestic product. Domestic product is based on place of production. Production within Indias domestic territory is included in Indias domestic product.

Step 3

Exam Tip

घरेलू उत्पाद उत्पादन की जगह पर आधारित होता है। भारत की घरेलू सीमा में उत्पादन होने से यह भारत के घरेलू उत्पाद में आएगा।

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यदि कोई निवासी विदेश में मजदूरी कमाता है तो वह घरेलू उत्पाद में क्यों नहीं आएगी?

Why will wages earned abroad by a resident not be included in domestic product?

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Correct Answer

A. क्योंकि वह घरेलू सीमा के बाहर कमाई गई हैBecause it is earned outside domestic territory

Step 1

Concept

Domestic product is linked only with production within domestic territory. Income earned abroad enters through national income adjustment.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि वह घरेलू सीमा के बाहर कमाई गई है / Because it is earned outside domestic territory. Domestic product is linked only with production within domestic territory. Income earned abroad enters through national income adjustment.

Step 3

Exam Tip

घरेलू उत्पाद केवल घरेलू सीमा में हुए उत्पादन से जुड़ा है। विदेश में कमाई राष्ट्रीय आय के समायोजन में आएगी।

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एक वस्तु को अंतिम या मध्यवर्ती मानने में सबसे महत्वपूर्ण प्रश्न कौन सा है?

Which question is most important in deciding whether a good is final or intermediate?

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Correct Answer

C. वस्तु का उपयोग किस उद्देश्य से हो रहा हैFor what purpose is the good being used

Step 1

Concept

The use of the good decides whether it is final or intermediate. The same milk can be final for a household and intermediate for a sweet shop.

Step 2

Why this answer is correct

The correct answer is C. वस्तु का उपयोग किस उद्देश्य से हो रहा है / For what purpose is the good being used. The use of the good decides whether it is final or intermediate. The same milk can be final for a household and intermediate for a sweet shop.

Step 3

Exam Tip

वस्तु का उपयोग तय करता है कि वह अंतिम है या मध्यवर्ती। वही दूध घर के लिए अंतिम और मिठाई दुकान के लिए मध्यवर्ती हो सकता है।

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यदि रेस्तरां ने सब्जियां भोजन बनाने के लिए खरीदीं तो यह किसका उदाहरण है?

If a restaurant buys vegetables to prepare meals what is this an example of?

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Correct Answer

B. मध्यवर्ती उपभोगIntermediate consumption

Step 1

Concept

The restaurant uses vegetables further to prepare meals. Therefore they are intermediate consumption.

Step 2

Why this answer is correct

The correct answer is B. मध्यवर्ती उपभोग / Intermediate consumption. The restaurant uses vegetables further to prepare meals. Therefore they are intermediate consumption.

Step 3

Exam Tip

रेस्तरां सब्जियों का उपयोग आगे भोजन बनाने में करता है। इसलिए वे मध्यवर्ती उपभोग हैं।

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