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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 फर्म की बिक्री ₹6,50,000, आरंभिक स्टॉक ₹70,000, अंतिम स्टॉक ₹95,000 और मध्यवर्ती उपभोग ₹2,80,000 है, तो \(GVA_{MP}\) कितना होगा?

If a firm's sales are ₹6,50,000, opening stock is ₹70,000, closing stock is ₹95,000 and intermediate consumption is ₹2,80,000, what is \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

A. ₹3,95,000

Step 1

Concept

Value of output is (650000 + 95000 - 70000 = 675000). \(GVA_{MP} = 675000 - 280000 = 395000\).

Step 2

Why this answer is correct

The correct answer is A. ₹3,95,000. Value of output is (650000 + 95000 - 70000 = 675000). \(GVA_{MP} = 675000 - 280000 = 395000\).

Step 3

Exam Tip

उत्पादन मूल्य (650000 + 95000 - 70000 = 675000) है। \(GVA_{MP} = 675000 - 280000 = 395000\) होता है।

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मूल्य वर्धन विधि में किसी उत्पादक द्वारा खरीदे गए कार्यालय स्टेशनरी को कब मध्यवर्ती उपभोग माना जाएगा?

When will office stationery purchased by a producer be treated as intermediate consumption in the value added method?

Explanation opens after your attempt
Correct Answer

A. जब वह उत्पादन वर्ष में उपयोग हो जाती हैWhen it is used up during the production year

Step 1

Concept

Office stationery used up in production or service is intermediate consumption. In exams, separate durable capital from used-up inputs.

Step 2

Why this answer is correct

The correct answer is A. जब वह उत्पादन वर्ष में उपयोग हो जाती है / When it is used up during the production year. Office stationery used up in production or service is intermediate consumption. In exams, separate durable capital from used-up inputs.

Step 3

Exam Tip

कार्यालय स्टेशनरी सेवा या उत्पादन में खर्च हो जाए तो मध्यवर्ती उपभोग है। परीक्षा में टिकाऊ पूंजी और खर्च होने वाले इनपुट को अलग करें।

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यदि \(GVA_{MP}\) ₹7,20,000, मूल्यह्रास ₹80,000, अप्रत्यक्ष कर ₹1,10,000 और सब्सिडी ₹30,000 है, तो \(NVA_{FC}\) कितना होगा?

If \(GVA_{MP}\) is ₹7,20,000, depreciation is ₹80,000, indirect taxes are ₹1,10,000 and subsidy is ₹30,000, what is \(NVA_{FC}\)?

Explanation opens after your attempt
Correct Answer

A. ₹5,60,000

Step 1

Concept

Net indirect tax is (110000 - 30000 = 80000). Therefore (720000 - 80000 - 80000 = 560000) is correct.

Step 2

Why this answer is correct

The correct answer is A. ₹5,60,000. Net indirect tax is (110000 - 30000 = 80000). Therefore (720000 - 80000 - 80000 = 560000) is correct.

Step 3

Exam Tip

शुद्ध अप्रत्यक्ष कर (110000 - 30000 = 80000) है। इसलिए (720000 - 80000 - 80000 = 560000) सही है।

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किसी उत्पादक द्वारा कर्मचारियों को दिया गया बोनस मूल्य वर्धन विधि में मध्यवर्ती उपभोग क्यों नहीं है?

Why is bonus paid by a producer to employees not intermediate consumption in the value added method?

Explanation opens after your attempt
Correct Answer

A. क्योंकि यह श्रम का प्रतिफल हैBecause it is a reward for labour

Step 1

Concept

Bonus is part of workers' income, not an intermediate good. Only intermediate consumption is deducted in value added.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह श्रम का प्रतिफल है / Because it is a reward for labour. Bonus is part of workers' income, not an intermediate good. Only intermediate consumption is deducted in value added.

Step 3

Exam Tip

बोनस श्रमिकों की आय का हिस्सा है, मध्यवर्ती वस्तु नहीं। मूल्य वर्धन में केवल मध्यवर्ती उपभोग घटाया जाता है।

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यदि एक किसान अपने परिवार के उपभोग के लिए धान उगाता है, तो मूल्य वर्धन विधि में उसका सही व्यवहार क्या है?

If a farmer grows paddy for his family's consumption, what is the correct treatment in the value added method?

Explanation opens after your attempt
Correct Answer

A. इसे अनुमानित बाजार मूल्य पर शामिल किया जाएगाIt will be included at estimated market value

Step 1

Concept

Production for self-consumption also falls within the production boundary. Its market value is estimated and included.

Step 2

Why this answer is correct

The correct answer is A. इसे अनुमानित बाजार मूल्य पर शामिल किया जाएगा / It will be included at estimated market value. Production for self-consumption also falls within the production boundary. Its market value is estimated and included.

Step 3

Exam Tip

स्व-उपभोग के लिए उत्पादन भी उत्पादन सीमा के अंदर आता है। इसका बाजार मूल्य अनुमानित करके शामिल किया जाता है।

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एक कपड़ा मिल का उत्पादन मूल्य ₹12,00,000 है और धागा, बिजली तथा रंगों का कुल मध्यवर्ती उपभोग ₹7,25,000 है। सकल मूल्य वर्धन कितना होगा?

A textile mill has value of output ₹12,00,000 and total intermediate consumption of yarn, electricity and dyes ₹7,25,000. What is gross value added?

Explanation opens after your attempt
Correct Answer

C. ₹4,75,000

Step 1

Concept

Gross value added is obtained by deducting intermediate consumption from value of output. (1200000 - 725000 = 475000).

Step 2

Why this answer is correct

The correct answer is C. ₹4,75,000. Gross value added is obtained by deducting intermediate consumption from value of output. (1200000 - 725000 = 475000).

Step 3

Exam Tip

सकल मूल्य वर्धन उत्पादन मूल्य से मध्यवर्ती उपभोग घटाने पर मिलता है। (1200000 - 725000 = 475000) है।

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मूल्य वर्धन विधि में शेयर बाजार में पुराने शेयरों की खरीद-बिक्री का मूल्य क्यों शामिल नहीं होता?

Why is the value of buying and selling old shares not included in the value added method?

Explanation opens after your attempt
Correct Answer

A. क्योंकि यह चालू उत्पादन नहीं हैBecause it is not current production

Step 1

Concept

Transaction of old shares is only a change of ownership. It does not create new production in the current year.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह चालू उत्पादन नहीं है / Because it is not current production. Transaction of old shares is only a change of ownership. It does not create new production in the current year.

Step 3

Exam Tip

पुराने शेयरों का लेन-देन केवल स्वामित्व परिवर्तन है। इससे चालू वर्ष में कोई नया उत्पादन नहीं बनता।

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पुराने शेयरों की खरीद-बिक्री पर ब्रोकर को मिला कमीशन क्यों शामिल किया जा सकता है?

Why can broker commission on buying and selling old shares be included?

Explanation opens after your attempt
Correct Answer

A. क्योंकि कमीशन चालू वर्ष की सेवा का मूल्य हैBecause commission is the value of current year service

Step 1

Concept

The value of the old share is not included, but the broker's service is a new service. The value of service is counted in production.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि कमीशन चालू वर्ष की सेवा का मूल्य है / Because commission is the value of current year service. The value of the old share is not included, but the broker's service is a new service. The value of service is counted in production.

Step 3

Exam Tip

पुराने शेयर का मूल्य शामिल नहीं होता, पर ब्रोकर की सेवा नई सेवा है। सेवा का मूल्य उत्पादन में गिना जाता है।

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यदि एक उत्पादन इकाई का \(NVA_{MP}\) ₹3,40,000 है और शुद्ध अप्रत्यक्ष कर ₹25,000 है, तो \(NVA_{FC}\) कितना होगा?

If a production unit has \(NVA_{MP}\) ₹3,40,000 and net indirect tax ₹25,000, what is \(NVA_{FC}\)?

Explanation opens after your attempt
Correct Answer

B. ₹3,15,000

Step 1

Concept

\(NVA_{FC} = NVA_{MP} - Net Indirect Tax\). Therefore (340000 - 25000 = 315000).

Step 2

Why this answer is correct

The correct answer is B. ₹3,15,000. \(NVA_{FC} = NVA_{MP} - Net Indirect Tax\). Therefore (340000 - 25000 = 315000).

Step 3

Exam Tip

\(NVA_{FC} = NVA_{MP} - Net Indirect Tax\) होता है। इसलिए (340000 - 25000 = 315000) है।

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निम्न में से कौन सा मद उत्पादक के उत्पादन मूल्य में शामिल होगा?

Which of the following items will be included in a producer's value of output?

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Correct Answer

A. अंतिम तैयार माल का मूल्यValue of finished goods produced

Step 1

Concept

Value of output includes the value of finished output produced in the current year. Loans and sale of old assets are not production.

Step 2

Why this answer is correct

The correct answer is A. अंतिम तैयार माल का मूल्य / Value of finished goods produced. Value of output includes the value of finished output produced in the current year. Loans and sale of old assets are not production.

Step 3

Exam Tip

उत्पादन मूल्य में चालू वर्ष के तैयार उत्पादन का मूल्य शामिल होता है। ऋण और पुरानी संपत्ति की बिक्री उत्पादन नहीं हैं।

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