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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 में बिक्री ₹10,00,000, उत्पादित परंतु न बिका माल ₹1,50,000 और पिछले वर्ष का बेचा गया स्टॉक ₹60,000 है। उत्पादन का मूल्य कितना होगा?

In a firm, sales are ₹10,00,000, goods produced but unsold are ₹1,50,000 and stock from last year sold is ₹60,000. What is value of output?

Explanation opens after your attempt
Correct Answer

A. ₹10,90,000

Step 1

Concept

Value of output is (Sales + Closing Stock - Opening Stock). (1000000 + 150000 - 60000 = 1090000) is correct.

Step 2

Why this answer is correct

The correct answer is A. ₹10,90,000. Value of output is (Sales + Closing Stock - Opening Stock). (1000000 + 150000 - 60000 = 1090000) is correct.

Step 3

Exam Tip

उत्पादन मूल्य (Sales + Closing Stock - Opening Stock) है। (1000000 + 150000 - 60000 = 1090000) सही है।

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मूल्य वर्धन विधि में घरेलू नौकर की वेतनभोगी सेवा को कैसे माना जाता है?

How is paid service of a domestic servant treated in the value added method?

Explanation opens after your attempt
Correct Answer

A. उत्पादन सीमा में शामिल सेवाService included in production boundary

Step 1

Concept

Paid domestic service is a market service, so it can be included. Unpaid service by family members is different.

Step 2

Why this answer is correct

The correct answer is A. उत्पादन सीमा में शामिल सेवा / Service included in production boundary. Paid domestic service is a market service, so it can be included. Unpaid service by family members is different.

Step 3

Exam Tip

वेतन पर दी गई घरेलू सेवा बाजार सेवा है इसलिए शामिल हो सकती है। अपने परिवार द्वारा की गई अवैतनिक सेवा अलग होती है।

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किसी निर्माता द्वारा खरीदी गई नई कंप्यूटर मशीन को मध्यवर्ती उपभोग में क्यों नहीं घटाया जाता?

Why is a new computer machine purchased by a producer not deducted as intermediate consumption?

Explanation opens after your attempt
Correct Answer

A. क्योंकि यह स्थिर पूंजी निर्माण हैBecause it is fixed capital formation

Step 1

Concept

A new machine is used for production over many years, so it is a capital good. Intermediate consumption consists of inputs used up in the same year.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह स्थिर पूंजी निर्माण है / Because it is fixed capital formation. A new machine is used for production over many years, so it is a capital good. Intermediate consumption consists of inputs used up in the same year.

Step 3

Exam Tip

नई मशीन कई वर्षों तक उत्पादन में उपयोग होती है, इसलिए पूंजीगत वस्तु है। मध्यवर्ती उपभोग वे इनपुट हैं जो उसी वर्ष खर्च हो जाते हैं।

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यदि \(GVA_{FC}\) ₹5,00,000 है और शुद्ध अप्रत्यक्ष कर ₹45,000 है, तो \(GVA_{MP}\) कितना होगा?

If \(GVA_{FC}\) is ₹5,00,000 and net indirect tax is ₹45,000, what is \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

B. ₹5,45,000

Step 1

Concept

To move to market price, net indirect tax is added to factor cost. (500000 + 45000 = 545000).

Step 2

Why this answer is correct

The correct answer is B. ₹5,45,000. To move to market price, net indirect tax is added to factor cost. (500000 + 45000 = 545000).

Step 3

Exam Tip

बाजार मूल्य पर जाने के लिए साधन लागत में शुद्ध अप्रत्यक्ष कर जोड़ा जाता है। (500000 + 45000 = 545000) है।

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मूल्य वर्धन विधि में कृषि क्षेत्र के अनुमान में कौन सी कठिनाई अधिक सामान्य है?

Which difficulty is more common in estimating the agricultural sector by the value added method?

Explanation opens after your attempt
Correct Answer

A. स्व-उपभोग और गैर-बाजार उत्पादन का सही मूल्यांकनCorrect valuation of self-consumption and non-market output

Step 1

Concept

Agriculture often has more self-consumption and informal transactions. Hence imputed valuation must be done carefully.

Step 2

Why this answer is correct

The correct answer is A. स्व-उपभोग और गैर-बाजार उत्पादन का सही मूल्यांकन / Correct valuation of self-consumption and non-market output. Agriculture often has more self-consumption and informal transactions. Hence imputed valuation must be done carefully.

Step 3

Exam Tip

कृषि में स्व-उपभोग और अनौपचारिक लेन-देन अधिक होते हैं। इसलिए अनुमानित मूल्यांकन सावधानी से करना पड़ता है।

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यदि प्राथमिक क्षेत्र का \(GVA_{MP}\) ₹600 करोड़, मूल्यह्रास ₹60 करोड़ और शुद्ध अप्रत्यक्ष कर ₹40 करोड़ है, तो प्राथमिक क्षेत्र का \(NVA_{FC}\) कितना होगा?

If the primary sector's \(GVA_{MP}\) is ₹600 crore, depreciation is ₹60 crore and net indirect tax is ₹40 crore, what is the primary sector's \(NVA_{FC}\)?

Explanation opens after your attempt
Correct Answer

D. ₹500 करोड़₹500 crore

Step 1

Concept

\(NVA_{FC} = GVA_{MP} - Depreciation - Net Indirect Tax\). (600 - 60 - 40 = 500) crore.

Step 2

Why this answer is correct

The correct answer is D. ₹500 करोड़ / ₹500 crore. \(NVA_{FC} = GVA_{MP} - Depreciation - Net Indirect Tax\). (600 - 60 - 40 = 500) crore.

Step 3

Exam Tip

\(NVA_{FC} = GVA_{MP} - Depreciation - Net Indirect Tax\) है। (600 - 60 - 40 = 500) करोड़।

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निम्न में से किस स्थिति में दोहरी गणना की संभावना सबसे अधिक है?

In which situation is the possibility of double counting highest?

Explanation opens after your attempt
Correct Answer

B. हर उत्पादन चरण की कुल बिक्री जोड़नाAdding total sales at every production stage

Step 1

Concept

Adding total sales at every production stage counts previous stage value again. This causes double counting.

Step 2

Why this answer is correct

The correct answer is B. हर उत्पादन चरण की कुल बिक्री जोड़ना / Adding total sales at every production stage. Adding total sales at every production stage counts previous stage value again. This causes double counting.

Step 3

Exam Tip

हर उत्पादन चरण की कुल बिक्री जोड़ने से पिछले चरण का मूल्य फिर से गिना जाता है। इसी से दोहरी गणना होती है।

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यदि किसी इकाई का आउटपुट ₹9,00,000, मध्यवर्ती उपभोग ₹4,20,000, मूल्यह्रास ₹70,000 और शुद्ध अप्रत्यक्ष कर ₹-20,000 है, तो \(NVA_{FC}\) कितना होगा?

If a unit's output is ₹9,00,000, intermediate consumption ₹4,20,000, depreciation ₹70,000 and net indirect tax ₹-20,000, what is \(NVA_{FC}\)?

Explanation opens after your attempt
Correct Answer

A. ₹4,30,000

Step 1

Concept

First \(GVA_{MP} = 900000 - 420000 = 480000\). Then (480000 - 70000 - (-20000) = 430000).

Step 2

Why this answer is correct

The correct answer is A. ₹4,30,000. First \(GVA_{MP} = 900000 - 420000 = 480000\). Then (480000 - 70000 - (-20000) = 430000).

Step 3

Exam Tip

पहले \(GVA_{MP} = 900000 - 420000 = 480000\) है। फिर (480000 - 70000 - (-20000) = 430000) होता है।

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व्यापारी द्वारा बेची गई वस्तु के कुल बिक्री मूल्य को उसका पूरा आउटपुट क्यों नहीं माना जाता?

Why is the total sale price of goods sold by a trader not treated as his full output?

Explanation opens after your attempt
Correct Answer

A. क्योंकि वस्तु का निर्माण व्यापारी ने नहीं कियाBecause the trader did not produce the good

Step 1

Concept

The trader's service is making the good available, not producing it. Hence his output is measured by trading margin.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि वस्तु का निर्माण व्यापारी ने नहीं किया / Because the trader did not produce the good. The trader's service is making the good available, not producing it. Hence his output is measured by trading margin.

Step 3

Exam Tip

व्यापारी की सेवा वस्तु को उपलब्ध कराने की है, वस्तु बनाने की नहीं। इसलिए उसका आउटपुट व्यापार मार्जिन से मापा जाता है।

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यदि एक थोक व्यापारी वस्तु ₹4,00,000 में खरीदकर ₹4,60,000 में बेचता है और परिवहन पर ₹15,000 खर्च करता है, तो \(GVA_{MP}\) क्या होगा?

If a wholesaler buys goods for ₹4,00,000 and sells them for ₹4,60,000 and spends ₹15,000 on transport, what will be \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

B. ₹45,000

Step 1

Concept

Trading margin is (460000 - 400000 = 60000). After deducting intermediate transport expense, \(GVA_{MP} = 45000\).

Step 2

Why this answer is correct

The correct answer is B. ₹45,000. Trading margin is (460000 - 400000 = 60000). After deducting intermediate transport expense, \(GVA_{MP} = 45000\).

Step 3

Exam Tip

व्यापार मार्जिन (460000 - 400000 = 60000) है। मध्यवर्ती परिवहन खर्च घटाने पर \(GVA_{MP} = 45000\) है।

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