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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 उत्पादन मूल्य ₹20 लाख, \(GVA_{MP}\) ₹8 लाख, मध्यवर्ती सेवाएं ₹2.5 लाख और कच्चे माल की लागत अज्ञात है, तो कच्चे माल की लागत कितनी होगी?

If value of output is ₹20 lakh, \(GVA_{MP}\) is ₹8 lakh, intermediate services are ₹2.5 lakh and raw material cost is unknown, what is raw material cost?

Explanation opens after your attempt
Correct Answer

A. ₹9.5 लाख₹9.5 lakh

Step 1

Concept

Total intermediate consumption is (20 - 8 = 12) lakh. Raw material is (12 - 2.5 = 9.5) lakh.

Step 2

Why this answer is correct

The correct answer is A. ₹9.5 लाख / ₹9.5 lakh. Total intermediate consumption is (20 - 8 = 12) lakh. Raw material is (12 - 2.5 = 9.5) lakh.

Step 3

Exam Tip

कुल मध्यवर्ती उपभोग (20 - 8 = 12) लाख है। कच्चा माल (12 - 2.5 = 9.5) लाख होगा।

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यदि किसी उत्पादक ने कच्चा माल ₹3,00,000, किराया ₹90,000, मजदूरी ₹2,20,000 और बिजली इनपुट ₹50,000 दिया, तो मध्यवर्ती उपभोग कितना माना जाएगा?

If a producer pays raw material ₹3,00,000, rent ₹90,000, wages ₹2,20,000 and electricity input ₹50,000, what will be treated as intermediate consumption?

Explanation opens after your attempt
Correct Answer

A. ₹3,50,000

Step 1

Concept

Raw material and electricity are inputs used up in production. Rent and wages are factor incomes, not intermediate consumption.

Step 2

Why this answer is correct

The correct answer is A. ₹3,50,000. Raw material and electricity are inputs used up in production. Rent and wages are factor incomes, not intermediate consumption.

Step 3

Exam Tip

कच्चा माल और बिजली उत्पादन में खर्च होने वाले इनपुट हैं। किराया और मजदूरी साधन आय हैं, मध्यवर्ती उपभोग नहीं।

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किस स्थिति में एक ही वस्तु मध्यवर्ती और अंतिम दोनों हो सकती है?

In which situation can the same good be both intermediate and final?

Explanation opens after your attempt
Correct Answer

A. जब उपयोगकर्ता अलग हों और उपयोग का उद्देश्य अलग होWhen users and purpose of use differ

Step 1

Concept

Classification depends on use, not on the nature of the good. Flour can be final for a household and intermediate for a bakery.

Step 2

Why this answer is correct

The correct answer is A. जब उपयोगकर्ता अलग हों और उपयोग का उद्देश्य अलग हो / When users and purpose of use differ. Classification depends on use, not on the nature of the good. Flour can be final for a household and intermediate for a bakery.

Step 3

Exam Tip

वस्तु की श्रेणी उसके उपयोग पर निर्भर करती है, प्रकृति पर नहीं। आटा परिवार के लिए अंतिम और बेकरी के लिए मध्यवर्ती हो सकता है।

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यदि \(GVA_{FC}\) ₹6,75,000 है, उत्पाद कर ₹80,000, उत्पादन कर ₹30,000 और सब्सिडी ₹20,000 है, तो \(GVA_{MP}\) कितना होगा?

If \(GVA_{FC}\) is ₹6,75,000, product tax is ₹80,000, production tax is ₹30,000 and subsidy is ₹20,000, what is \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

A. ₹7,65,000

Step 1

Concept

Net indirect tax is (80000 + 30000 - 20000 = 90000). \(GVA_{MP} = 675000 + 90000 = 765000\).

Step 2

Why this answer is correct

The correct answer is A. ₹7,65,000. Net indirect tax is (80000 + 30000 - 20000 = 90000). \(GVA_{MP} = 675000 + 90000 = 765000\).

Step 3

Exam Tip

शुद्ध अप्रत्यक्ष कर (80000 + 30000 - 20000 = 90000) है। \(GVA_{MP} = 675000 + 90000 = 765000\) है।

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मूल्य वर्धन विधि में सरकारी गैर-बाजार सेवाओं के मूल्यांकन की सबसे उपयुक्त विधि क्या है?

What is the most appropriate valuation method for government non-market services in the value added method?

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Correct Answer

A. उत्पादन लागत के आधार परOn cost of production basis

Step 1

Concept

Free or low-priced government services do not have a market sale price. Hence they are valued on cost basis.

Step 2

Why this answer is correct

The correct answer is A. उत्पादन लागत के आधार पर / On cost of production basis. Free or low-priced government services do not have a market sale price. Hence they are valued on cost basis.

Step 3

Exam Tip

मुफ्त या कम कीमत वाली सरकारी सेवाओं का बाजार बिक्री मूल्य उपलब्ध नहीं होता। इसलिए उनका मूल्य लागत के आधार पर लगाया जाता है।

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यदि किसी इकाई का \(GVA_{MP}\) ₹4,80,000 और \(NVA_{FC}\) ₹3,30,000 है, जबकि मूल्यह्रास ₹90,000 है, तो शुद्ध अप्रत्यक्ष कर कितना होगा?

If a unit's \(GVA_{MP}\) is ₹4,80,000 and \(NVA_{FC}\) is ₹3,30,000, while depreciation is ₹90,000, what is net indirect tax?

Explanation opens after your attempt
Correct Answer

A. ₹60,000

Step 1

Concept

\(NVA_{FC} = GVA_{MP} - Depreciation - NIT\). (NIT = 480000 - 90000 - 330000 = 60000).

Step 2

Why this answer is correct

The correct answer is A. ₹60,000. \(NVA_{FC} = GVA_{MP} - Depreciation - NIT\). (NIT = 480000 - 90000 - 330000 = 60000).

Step 3

Exam Tip

\(NVA_{FC} = GVA_{MP} - Depreciation - NIT\) है। (NIT = 480000 - 90000 - 330000 = 60000) है।

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यदि एक फर्म का अंतिम स्टॉक आरंभिक स्टॉक से ₹45,000 कम है और बिक्री ₹9,80,000 है, तो उत्पादन मूल्य कितना होगा?

If a firm's closing stock is ₹45,000 less than opening stock and sales are ₹9,80,000, what is value of output?

Explanation opens after your attempt
Correct Answer

A. ₹9,35,000

Step 1

Concept

When closing stock is lower, value of output is less than sales. (980000 - 45000 = 935000) is correct.

Step 2

Why this answer is correct

The correct answer is A. ₹9,35,000. When closing stock is lower, value of output is less than sales. (980000 - 45000 = 935000) is correct.

Step 3

Exam Tip

जब अंतिम स्टॉक कम होता है, उत्पादन मूल्य बिक्री से कम होता है। (980000 - 45000 = 935000) सही है।

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उत्पादन विधि से घरेलू आय निकालने के बाद राष्ट्रीय आय पाने के लिए कौन सा समायोजन आवश्यक है?

After obtaining domestic income by the production method, which adjustment is required to get national income?

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Correct Answer

A. विदेश से शुद्ध साधन आय जोड़नाAdd net factor income from abroad

Step 1

Concept

Domestic income shows production within domestic territory. Net factor income from abroad is added to get national income.

Step 2

Why this answer is correct

The correct answer is A. विदेश से शुद्ध साधन आय जोड़ना / Add net factor income from abroad. Domestic income shows production within domestic territory. Net factor income from abroad is added to get national income.

Step 3

Exam Tip

घरेलू आय घरेलू सीमा के उत्पादन को दिखाती है। राष्ट्रीय आय के लिए विदेश से शुद्ध साधन आय जोड़ी जाती है।

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यदि घरेलू आय ₹5,500 करोड़, विदेश से साधन आय ₹340 करोड़ और विदेश को दी गई साधन आय ₹420 करोड़ है, तो राष्ट्रीय आय कितनी होगी?

If domestic income is ₹5,500 crore, factor income from abroad is ₹340 crore and factor income paid abroad is ₹420 crore, what is national income?

Explanation opens after your attempt
Correct Answer

A. ₹5,420 करोड़₹5,420 crore

Step 1

Concept

Net factor income from abroad is (340 - 420 = -80) crore. National income will be (5500 - 80 = 5420) crore.

Step 2

Why this answer is correct

The correct answer is A. ₹5,420 करोड़ / ₹5,420 crore. Net factor income from abroad is (340 - 420 = -80) crore. National income will be (5500 - 80 = 5420) crore.

Step 3

Exam Tip

विदेश से शुद्ध साधन आय (340 - 420 = -80) करोड़ है। राष्ट्रीय आय (5500 - 80 = 5420) करोड़ होगी।

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मूल्य वर्धन विधि में अवैतनिक पारिवारिक घरेलू सेवा को सामान्यतः क्यों बाहर रखा जाता है?

Why are unpaid household services by family members generally excluded in the value added method?

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Correct Answer

A. क्योंकि उनका विश्वसनीय बाजार मूल्यांकन कठिन होता हैBecause their reliable market valuation is difficult

Step 1

Concept

Unpaid household services are not sold in the market and are difficult to value. Treat them as outside production boundary in exams.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि उनका विश्वसनीय बाजार मूल्यांकन कठिन होता है / Because their reliable market valuation is difficult. Unpaid household services are not sold in the market and are difficult to value. Treat them as outside production boundary in exams.

Step 3

Exam Tip

अवैतनिक घरेलू सेवाएं बाजार में बेची नहीं जातीं और उनका मूल्यांकन कठिन है। परीक्षा में इन्हें उत्पादन सीमा से बाहर मानें।

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