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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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एक फर्म का \(GVA_{MP}\) ₹4,00,000 है, सब्सिडी ₹25,000, अप्रत्यक्ष कर ₹65,000 और मूल्यह्रास ₹50,000 है। \(NVA_{FC}\) कितना होगा?

A firm has \(GVA_{MP}\) ₹4,00,000, subsidy ₹25,000, indirect tax ₹65,000 and depreciation ₹50,000. What will be \(NVA_{FC}\)?

Explanation opens after your attempt
Correct Answer

A. ₹3,10,000

Step 1

Concept

Net indirect tax is (65000 - 25000 = 40000). (400000 - 50000 - 40000 = 310000) is correct.

Step 2

Why this answer is correct

The correct answer is A. ₹3,10,000. Net indirect tax is (65000 - 25000 = 40000). (400000 - 50000 - 40000 = 310000) is correct.

Step 3

Exam Tip

शुद्ध अप्रत्यक्ष कर (65000 - 25000 = 40000) है। (400000 - 50000 - 40000 = 310000) सही है।

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मूल्य वर्धन विधि में निम्न में से किसे अंतिम वस्तु माना जाएगा?

Which of the following will be treated as a final good in the value added method?

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Correct Answer

C. परिवार द्वारा खरीदी गई ब्रेडBread bought by a household

Step 1

Concept

Bread bought by a household is for final consumption. Goods bought by producers are often intermediate consumption.

Step 2

Why this answer is correct

The correct answer is C. परिवार द्वारा खरीदी गई ब्रेड / Bread bought by a household. Bread bought by a household is for final consumption. Goods bought by producers are often intermediate consumption.

Step 3

Exam Tip

परिवार द्वारा खरीदी गई ब्रेड अंतिम उपभोग के लिए है। उत्पादक द्वारा खरीदी वस्तुएं अक्सर मध्यवर्ती उपभोग होती हैं।

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उत्पादन विधि से राष्ट्रीय आय निकालते समय सभी उत्पादक इकाइयों के किस माप को जोड़ा जाता है?

While estimating national income by the production method, which measure of all producing units is added?

Explanation opens after your attempt
Correct Answer

B. शुद्ध मूल्य वर्धन साधन लागत परNet value added at factor cost

Step 1

Concept

In the production method, \(NVA_{FC}\) of all sectors is added to get domestic income. Net factor income from abroad is adjusted for national income.

Step 2

Why this answer is correct

The correct answer is B. शुद्ध मूल्य वर्धन साधन लागत पर / Net value added at factor cost. In the production method, \(NVA_{FC}\) of all sectors is added to get domestic income. Net factor income from abroad is adjusted for national income.

Step 3

Exam Tip

उत्पादन विधि में सभी क्षेत्रों का \(NVA_{FC}\) जोड़कर घरेलू आय मिलती है। राष्ट्रीय आय के लिए विदेश से शुद्ध साधन आय समायोजित की जाती है।

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यदि सभी क्षेत्रों का \(NVA_{FC}\) ₹900 करोड़ है और विदेश से शुद्ध साधन आय ₹50 करोड़ है, तो राष्ट्रीय आय कितनी होगी?

If \(NVA_{FC}\) of all sectors is ₹900 crore and net factor income from abroad is ₹50 crore, what is national income?

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Correct Answer

C. ₹950 करोड़₹950 crore

Step 1

Concept

\(NVA_{FC}\) of all sectors is domestic income. National income is obtained by (Domestic Income + NFIA).

Step 2

Why this answer is correct

The correct answer is C. ₹950 करोड़ / ₹950 crore. \(NVA_{FC}\) of all sectors is domestic income. National income is obtained by (Domestic Income + NFIA).

Step 3

Exam Tip

सभी क्षेत्रों का \(NVA_{FC}\) घरेलू आय होता है। राष्ट्रीय आय (Domestic Income + NFIA) से मिलती है।

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मूल्य वर्धन विधि में आयातित कच्चे माल का मूल्य कैसे माना जाएगा?

How is the value of imported raw material treated in the value added method?

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Correct Answer

B. मध्यवर्ती उपभोग में शामिल कर घटाया जाएगाIncluded in intermediate consumption and deducted

Step 1

Concept

Imported raw material is also an intermediate good used in production. Deducting it leaves only domestic value added.

Step 2

Why this answer is correct

The correct answer is B. मध्यवर्ती उपभोग में शामिल कर घटाया जाएगा / Included in intermediate consumption and deducted. Imported raw material is also an intermediate good used in production. Deducting it leaves only domestic value added.

Step 3

Exam Tip

आयातित कच्चा माल भी उत्पादन में प्रयुक्त मध्यवर्ती वस्तु है। इसे घटाने से केवल घरेलू मूल्य वर्धन बचता है।

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सरकारी विभाग द्वारा जनता को दी गई मुफ्त शिक्षा सेवा का मूल्य किस आधार पर शामिल किया जाता है?

The value of free education service provided by a government department is included on what basis?

Explanation opens after your attempt
Correct Answer

B. उत्पादन लागतCost of production

Step 1

Concept

Government non-market services are generally valued at cost of production. It includes wages and other production expenses.

Step 2

Why this answer is correct

The correct answer is B. उत्पादन लागत / Cost of production. Government non-market services are generally valued at cost of production. It includes wages and other production expenses.

Step 3

Exam Tip

सरकारी गैर-बाजार सेवाओं का मूल्य सामान्यतः लागत के आधार पर मापा जाता है। इसमें मजदूरी और अन्य उत्पादन खर्च शामिल होते हैं।

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मूल्य वर्धन विधि में मालिक द्वारा स्वयं के कारखाने में लगाया गया श्रम, यदि अलग से भुगतान नहीं है, तो किस रूप में समझा जा सकता है?

In the value added method, owner's labour in own factory without separate payment may be understood as what?

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Correct Answer

A. उत्पादन में योगदान का अप्रत्यक्ष हिस्साImputed part of contribution to production

Step 1

Concept

In self-employment, return to labour and capital may be included in mixed income. Do not treat it as outside production in exams.

Step 2

Why this answer is correct

The correct answer is A. उत्पादन में योगदान का अप्रत्यक्ष हिस्सा / Imputed part of contribution to production. In self-employment, return to labour and capital may be included in mixed income. Do not treat it as outside production in exams.

Step 3

Exam Tip

स्वरोजगार में श्रम और पूंजी का प्रतिफल मिश्रित आय में शामिल हो सकता है। परीक्षा में इसे उत्पादन से बाहर न मानें।

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यदि किसी इकाई का \(NVA_{FC}\) ऋणात्मक आता है, तो इसका सबसे उपयुक्त अर्थ क्या है?

If a unit's \(NVA_{FC}\) comes negative, what is the most appropriate meaning?

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Correct Answer

B. घटाव मद उत्पादन योगदान से अधिक हैंDeduction items exceed production contribution

Step 1

Concept

Sometimes adjustments like depreciation and net indirect taxes may exceed gross value added. Do not immediately treat a negative result as impossible in calculation.

Step 2

Why this answer is correct

The correct answer is B. घटाव मद उत्पादन योगदान से अधिक हैं / Deduction items exceed production contribution. Sometimes adjustments like depreciation and net indirect taxes may exceed gross value added. Do not immediately treat a negative result as impossible in calculation.

Step 3

Exam Tip

कभी-कभी मूल्यह्रास और शुद्ध अप्रत्यक्ष कर जैसे समायोजन सकल मूल्य वर्धन से अधिक हो सकते हैं। गणना में ऋणात्मक परिणाम को तुरंत असंभव न मानें।

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एक निर्माता द्वारा खरीदी गई पैकेजिंग सामग्री, जो अंतिम उत्पाद बेचते समय साथ चली जाती है, सामान्यतः क्या मानी जाएगी?

Packaging material purchased by a manufacturer, which goes with the final product when sold, is generally treated as what?

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Correct Answer

A. मध्यवर्ती उपभोगIntermediate consumption

Step 1

Concept

Packaging material is an input used in the production and selling process. It is deducted while calculating value added.

Step 2

Why this answer is correct

The correct answer is A. मध्यवर्ती उपभोग / Intermediate consumption. Packaging material is an input used in the production and selling process. It is deducted while calculating value added.

Step 3

Exam Tip

पैकेजिंग सामग्री उत्पादन और बिक्री प्रक्रिया में प्रयुक्त इनपुट है। इसे मूल्य वर्धन निकालते समय घटाया जाता है।

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निम्न में से कौन सा कथन मूल्य वर्धन के बारे में सही है?

Which statement about value added is correct?

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Correct Answer

B. यह उत्पादन मूल्य और मध्यवर्ती उपभोग का अंतर हैIt is the difference between value of output and intermediate consumption

Step 1

Concept

Value added is the new contribution of a producing unit. It may include factor incomes and certain adjustments.

Step 2

Why this answer is correct

The correct answer is B. यह उत्पादन मूल्य और मध्यवर्ती उपभोग का अंतर है / It is the difference between value of output and intermediate consumption. Value added is the new contribution of a producing unit. It may include factor incomes and certain adjustments.

Step 3

Exam Tip

मूल्य वर्धन उत्पादन इकाई का नया योगदान है। इसमें साधन आय और कुछ समायोजन शामिल हो सकते हैं।

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