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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 एक फर्म की बिक्री ₹8,00,000, अंतिम स्टॉक ₹90,000, आरंभिक स्टॉक ₹1,20,000 और मध्यवर्ती उपभोग ₹3,50,000 है, तो \(GVA_{MP}\) कितना होगा?

If a firm has sales ₹8,00,000, closing stock ₹90,000, opening stock ₹1,20,000 and intermediate consumption ₹3,50,000, what is \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

A. ₹4,20,000

Step 1

Concept

Value of output is (800000 + 90000 - 120000 = 770000). \(GVA_{MP} = 770000 - 350000 = 420000\).

Step 2

Why this answer is correct

The correct answer is A. ₹4,20,000. Value of output is (800000 + 90000 - 120000 = 770000). \(GVA_{MP} = 770000 - 350000 = 420000\).

Step 3

Exam Tip

उत्पादन मूल्य (800000 + 90000 - 120000 = 770000) है। \(GVA_{MP} = 770000 - 350000 = 420000\) है।

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अंतिम वस्तुओं की पहचान में सबसे महत्वपूर्ण कसौटी क्या है?

What is the most important criterion for identifying final goods?

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Correct Answer

B. वस्तु का अंतिम उपयोगFinal use of the good

Step 1

Concept

The same good may be final or intermediate depending on its use. In exams, focus on the buyer and use.

Step 2

Why this answer is correct

The correct answer is B. वस्तु का अंतिम उपयोग / Final use of the good. The same good may be final or intermediate depending on its use. In exams, focus on the buyer and use.

Step 3

Exam Tip

एक ही वस्तु उपयोग के आधार पर अंतिम या मध्यवर्ती हो सकती है। परीक्षा में खरीदार और उपयोग पर ध्यान दें।

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यदि कोई स्कूल अपनी बस सेवा के लिए डीजल खरीदता है, तो डीजल को क्या माना जाएगा?

If a school buys diesel for its bus service, what will diesel be treated as?

Explanation opens after your attempt
Correct Answer

B. मध्यवर्ती उपभोगIntermediate consumption

Step 1

Concept

Diesel is an input used up in providing the service. Hence it is intermediate consumption in the school's production activity.

Step 2

Why this answer is correct

The correct answer is B. मध्यवर्ती उपभोग / Intermediate consumption. Diesel is an input used up in providing the service. Hence it is intermediate consumption in the school's production activity.

Step 3

Exam Tip

डीजल सेवा प्रदान करने में खर्च होने वाला इनपुट है। इसलिए यह स्कूल की उत्पादन गतिविधि में मध्यवर्ती उपभोग है।

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निम्न में से कौन सा उदाहरण दोहरी गणना से बचने का सही तरीका दिखाता है?

Which example correctly shows a way to avoid double counting?

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Correct Answer

B. केवल अंतिम ब्रेड का मूल्य या हर चरण का मूल्य वर्धन जोड़नाAdding only final bread value or value added at each stage

Step 1

Concept

To avoid double counting, the final goods method or value added method is used. Adding every sale is incorrect.

Step 2

Why this answer is correct

The correct answer is B. केवल अंतिम ब्रेड का मूल्य या हर चरण का मूल्य वर्धन जोड़ना / Adding only final bread value or value added at each stage. To avoid double counting, the final goods method or value added method is used. Adding every sale is incorrect.

Step 3

Exam Tip

दोहरी गणना से बचने के लिए अंतिम वस्तु विधि या मूल्य वर्धन विधि अपनाई जाती है। हर बिक्री को जोड़ना गलत है।

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मूल्य वर्धन विधि में घरेलू क्षेत्र की उत्पादक इकाइयों का मूल्य वर्धन जोड़ने से पहले किस आधार पर वर्गीकरण किया जाता है?

Before adding value added of producing units in the domestic territory, on what basis are they classified?

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Correct Answer

B. उद्योग या क्षेत्र के आधार परOn the basis of industry or sector

Step 1

Concept

Producing units are classified into sectors such as primary, secondary and tertiary. This makes estimation systematic.

Step 2

Why this answer is correct

The correct answer is B. उद्योग या क्षेत्र के आधार पर / On the basis of industry or sector. Producing units are classified into sectors such as primary, secondary and tertiary. This makes estimation systematic.

Step 3

Exam Tip

उत्पादन इकाइयों को प्राथमिक, द्वितीयक और तृतीयक जैसे क्षेत्रों में वर्गीकृत किया जाता है। इससे व्यवस्थित अनुमान संभव होता है।

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यदि घरेलू उत्पादन में लगी विदेशी कंपनी भारत में मूल्य वर्धन करती है, तो वह किसमें शामिल होगा?

If a foreign company produces within India and creates value added, where will it be included?

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A. भारत की घरेलू आय मेंIn India's domestic income

Step 1

Concept

Domestic income is based on production within domestic territory. Even if ownership is foreign, production in India is included in India's domestic income.

Step 2

Why this answer is correct

The correct answer is A. भारत की घरेलू आय में / In India's domestic income. Domestic income is based on production within domestic territory. Even if ownership is foreign, production in India is included in India's domestic income.

Step 3

Exam Tip

घरेलू आय घरेलू सीमा के भीतर हुए उत्पादन पर आधारित होती है। स्वामित्व विदेशी होने पर भी भारत में उत्पादन घरेलू आय में आएगा।

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किसी फर्म का उत्पादन मूल्य ₹12 लाख और मध्यवर्ती उपभोग ₹7 लाख है। यदि मूल्यह्रास ₹1 लाख है, तो \(NVA_{MP}\) कितना होगा?

A firm's value of output is ₹12 lakh and intermediate consumption is ₹7 lakh. If depreciation is ₹1 lakh, what is \(NVA_{MP}\)?

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Correct Answer

A. ₹4 लाख₹4 lakh

Step 1

Concept

First \(GVA_{MP} = 12 - 7 = 5\) lakh. After deducting depreciation, \(NVA_{MP} = 4\) lakh.

Step 2

Why this answer is correct

The correct answer is A. ₹4 लाख / ₹4 lakh. First \(GVA_{MP} = 12 - 7 = 5\) lakh. After deducting depreciation, \(NVA_{MP} = 4\) lakh.

Step 3

Exam Tip

पहले \(GVA_{MP} = 12 - 7 = 5\) लाख है। फिर मूल्यह्रास घटाकर \(NVA_{MP} = 4\) लाख मिलता है।

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मूल्यह्रास घटाने का मुख्य कारण क्या है?

What is the main reason for deducting depreciation?

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A. पुरानी पूंजी के घिसावट को हटाकर शुद्ध उत्पादन निकालनाTo remove wear and tear of old capital and find net output

Step 1

Concept

Depreciation is the estimated wear and tear of fixed capital. It is deducted to calculate net value added.

Step 2

Why this answer is correct

The correct answer is A. पुरानी पूंजी के घिसावट को हटाकर शुद्ध उत्पादन निकालना / To remove wear and tear of old capital and find net output. Depreciation is the estimated wear and tear of fixed capital. It is deducted to calculate net value added.

Step 3

Exam Tip

मूल्यह्रास स्थिर पूंजी की घिसावट का अनुमान है। शुद्ध मूल्य वर्धन निकालने के लिए इसे घटाया जाता है।

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निम्न में से कौन सा उत्पादक इकाई का आउटपुट नहीं माना जाएगा?

Which of the following will not be treated as output of a producing unit?

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Correct Answer

D. परिवार के सदस्यों द्वारा घर में बिना वेतन सेवाUnpaid domestic service by family members

Step 1

Concept

Unpaid domestic services are kept outside the production boundary. Market or organized production services are included.

Step 2

Why this answer is correct

The correct answer is D. परिवार के सदस्यों द्वारा घर में बिना वेतन सेवा / Unpaid domestic service by family members. Unpaid domestic services are kept outside the production boundary. Market or organized production services are included.

Step 3

Exam Tip

अवैतनिक घरेलू सेवाएं उत्पादन सीमा से बाहर रखी जाती हैं। बाजार या संगठित उत्पादन सेवाएं शामिल होती हैं।

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मूल्य वर्धन विधि में व्यापारिक फर्म का उत्पादन सामान्यतः कैसे मापा जाता है?

How is output of a trading firm generally measured in the value added method?

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Correct Answer

B. व्यापार मार्जिन सेBy trading margin

Step 1

Concept

A trading firm does not manufacture goods but provides trading service. Its output is generally measured by trading margin.

Step 2

Why this answer is correct

The correct answer is B. व्यापार मार्जिन से / By trading margin. A trading firm does not manufacture goods but provides trading service. Its output is generally measured by trading margin.

Step 3

Exam Tip

व्यापारिक फर्म वस्तुओं का निर्माण नहीं करती, बल्कि व्यापार सेवा देती है। उसका आउटपुट सामान्यतः व्यापार मार्जिन माना जाता है।

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