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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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किसी उत्पादक ने ₹2,00,000 का आयातित कच्चा माल और ₹3,00,000 का घरेलू कच्चा माल उपयोग किया। मूल्य वर्धन निकालते समय कितना मध्यवर्ती उपभोग घटेगा?

A producer used imported raw material of ₹2,00,000 and domestic raw material of ₹3,00,000. How much intermediate consumption will be deducted while calculating value added?

Explanation opens after your attempt
Correct Answer

C. ₹5,00,000

Step 1

Concept

Both imported and domestic raw materials are inputs used in production. Total intermediate consumption is deducted in value added.

Step 2

Why this answer is correct

The correct answer is C. ₹5,00,000. Both imported and domestic raw materials are inputs used in production. Total intermediate consumption is deducted in value added.

Step 3

Exam Tip

आयातित और घरेलू दोनों कच्चे माल उत्पादन में प्रयुक्त इनपुट हैं। मूल्य वर्धन में कुल मध्यवर्ती उपभोग घटाया जाता है।

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यदि किसी फर्म का \(NVA_{MP}\) ₹7,10,000 और अप्रत्यक्ष कर ₹1,20,000 तथा सब्सिडी ₹35,000 है, तो \(NVA_{FC}\) कितना होगा?

If a firm's \(NVA_{MP}\) is ₹7,10,000 and indirect taxes are ₹1,20,000 with subsidy ₹35,000, what is \(NVA_{FC}\)?

Explanation opens after your attempt
Correct Answer

A. ₹6,25,000

Step 1

Concept

Net indirect tax is (120000 - 35000 = 85000). \(NVA_{FC} = 710000 - 85000 = 625000\).

Step 2

Why this answer is correct

The correct answer is A. ₹6,25,000. Net indirect tax is (120000 - 35000 = 85000). \(NVA_{FC} = 710000 - 85000 = 625000\).

Step 3

Exam Tip

शुद्ध अप्रत्यक्ष कर (120000 - 35000 = 85000) है। \(NVA_{FC} = 710000 - 85000 = 625000\) है।

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यदि एक उत्पादक द्वारा नया ट्रक खरीदा गया है और उसी वर्ष ईंधन भी खरीदा गया है, तो मूल्य वर्धन विधि में सही वर्गीकरण क्या है?

If a producer buys a new truck and also buys fuel in the same year, what is the correct classification in the value added method?

Explanation opens after your attempt
Correct Answer

A. ट्रक स्थिर पूंजी और ईंधन मध्यवर्ती उपभोगTruck is fixed capital and fuel is intermediate consumption

Step 1

Concept

The truck is a capital good used for many years. Fuel is used up in production, so it is intermediate consumption.

Step 2

Why this answer is correct

The correct answer is A. ट्रक स्थिर पूंजी और ईंधन मध्यवर्ती उपभोग / Truck is fixed capital and fuel is intermediate consumption. The truck is a capital good used for many years. Fuel is used up in production, so it is intermediate consumption.

Step 3

Exam Tip

ट्रक कई वर्षों तक उपयोग होने वाली पूंजीगत वस्तु है। ईंधन उत्पादन में खर्च हो जाता है इसलिए मध्यवर्ती उपभोग है।

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मूल्य वर्धन विधि में किसी स्कूल द्वारा खरीदी गई चॉक और शिक्षक वेतन का सही व्यवहार क्या है?

What is the correct treatment of chalk purchased by a school and teachers' salaries in the value added method?

Explanation opens after your attempt
Correct Answer

A. चॉक मध्यवर्ती उपभोग और वेतन साधन आयChalk is intermediate consumption and salaries are factor income

Step 1

Concept

Chalk is an input used up in providing service. Teachers' salaries are reward for labour, so they are factor income.

Step 2

Why this answer is correct

The correct answer is A. चॉक मध्यवर्ती उपभोग और वेतन साधन आय / Chalk is intermediate consumption and salaries are factor income. Chalk is an input used up in providing service. Teachers' salaries are reward for labour, so they are factor income.

Step 3

Exam Tip

चॉक सेवा देने में खर्च होने वाला इनपुट है। शिक्षक वेतन श्रम का प्रतिफल है, इसलिए साधन आय है।

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यदि अर्थव्यवस्था में प्राथमिक क्षेत्र का \(NVA_{FC}\) ₹1,250 करोड़, द्वितीयक क्षेत्र का ₹1,980 करोड़, तृतीयक क्षेत्र का ₹2,770 करोड़ और (NFIA) ₹-150 करोड़ है, तो राष्ट्रीय आय कितनी होगी?

If an economy has primary sector \(NVA_{FC}\) ₹1,250 crore, secondary sector ₹1,980 crore, tertiary sector ₹2,770 crore and (NFIA) ₹-150 crore, what is national income?

Explanation opens after your attempt
Correct Answer

B. ₹5,850 करोड़₹5,850 crore

Step 1

Concept

Domestic income is (1250 + 1980 + 2770 = 6000) crore. National income will be (6000 - 150 = 5850) crore.

Step 2

Why this answer is correct

The correct answer is B. ₹5,850 करोड़ / ₹5,850 crore. Domestic income is (1250 + 1980 + 2770 = 6000) crore. National income will be (6000 - 150 = 5850) crore.

Step 3

Exam Tip

घरेलू आय (1250 + 1980 + 2770 = 6000) करोड़ है। राष्ट्रीय आय (6000 - 150 = 5850) करोड़ होगी।

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किसी फर्म ने उत्पादन मूल्य में गलती से पुरानी मशीन की बिक्री ₹2,00,000 जोड़ दी और दलाली सेवा ₹20,000 छोड़ दी। सही उत्पादन मूल्य पर शुद्ध सुधार क्या होगा?

A firm mistakenly added sale of old machine ₹2,00,000 in value of output and omitted brokerage service ₹20,000. What is the net correction to value of output?

Explanation opens after your attempt
Correct Answer

A. ₹1,80,000 घटाना होगाDeduct ₹1,80,000

Step 1

Concept

Value of old machine must be removed and value of current service must be added. Net correction is ( -200000 + 20000 = -180000).

Step 2

Why this answer is correct

The correct answer is A. ₹1,80,000 घटाना होगा / Deduct ₹1,80,000. Value of old machine must be removed and value of current service must be added. Net correction is ( -200000 + 20000 = -180000).

Step 3

Exam Tip

पुरानी मशीन का मूल्य हटेगा और चालू सेवा का मूल्य जुड़ेगा। शुद्ध सुधार ( -200000 + 20000 = -180000) है।

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यदि अंतिम वस्तु का मूल्य ₹5,00,000 है और तीन पूर्व चरणों का मूल्य वर्धन ₹90,000, ₹1,40,000 और ₹1,10,000 है, तो अंतिम विक्रेता का मूल्य वर्धन कितना है?

If final good value is ₹5,00,000 and value added in three previous stages is ₹90,000, ₹1,40,000 and ₹1,10,000, what is value added by the final seller?

Explanation opens after your attempt
Correct Answer

A. ₹1,60,000

Step 1

Concept

Total value added equals final good value. Final seller's share is (500000 - 90000 - 140000 - 110000 = 160000).

Step 2

Why this answer is correct

The correct answer is A. ₹1,60,000. Total value added equals final good value. Final seller's share is (500000 - 90000 - 140000 - 110000 = 160000).

Step 3

Exam Tip

कुल मूल्य वर्धन अंतिम वस्तु के मूल्य के बराबर होता है। अंतिम विक्रेता का हिस्सा (500000 - 90000 - 140000 - 110000 = 160000) है।

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मूल्य वर्धन विधि में स्टॉक परिवर्तन का मुख्य उद्देश्य क्या है?

What is the main purpose of stock change in the value added method?

Explanation opens after your attempt
Correct Answer

A. बिक्री से चालू वर्ष के उत्पादन तक पहुंचनाTo move from sales to current year output

Step 1

Concept

Sales are affected by previous year's stock and unsold current output. Stock adjustment gives correct current output.

Step 2

Why this answer is correct

The correct answer is A. बिक्री से चालू वर्ष के उत्पादन तक पहुंचना / To move from sales to current year output. Sales are affected by previous year's stock and unsold current output. Stock adjustment gives correct current output.

Step 3

Exam Tip

बिक्री में पिछले वर्ष का स्टॉक और चालू वर्ष का न बिका उत्पादन दोनों असर डालते हैं। स्टॉक समायोजन से चालू उत्पादन सही मिलता है।

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यदि \(GVA_{MP}\) से मूल्यह्रास घटा दिया गया पर शुद्ध अप्रत्यक्ष कर घटाना भूल गए, तो कौन सा माप मिलेगा?

If depreciation is deducted from \(GVA_{MP}\) but net indirect tax is not deducted, which measure will be obtained?

Explanation opens after your attempt
Correct Answer

A. \(NVA_{MP}\)

Step 1

Concept

Deducting only depreciation from \(GVA_{MP}\) gives \(NVA_{MP}\). Net indirect tax must also be deducted to reach factor cost.

Step 2

Why this answer is correct

The correct answer is A. \(NVA_{MP}\). Deducting only depreciation from \(GVA_{MP}\) gives \(NVA_{MP}\). Net indirect tax must also be deducted to reach factor cost.

Step 3

Exam Tip

\(GVA_{MP}\) से केवल मूल्यह्रास घटाने पर \(NVA_{MP}\) मिलता है। साधन लागत तक जाने के लिए शुद्ध अप्रत्यक्ष कर भी घटाना होगा।

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यदि \(GVA_{MP}\) से केवल शुद्ध अप्रत्यक्ष कर घटाया गया और मूल्यह्रास नहीं घटाया गया, तो कौन सा माप मिलेगा?

If only net indirect tax is deducted from \(GVA_{MP}\) and depreciation is not deducted, which measure will be obtained?

Explanation opens after your attempt
Correct Answer

A. \(GVA_{FC}\)

Step 1

Concept

Net indirect tax is deducted to move from market price to factor cost. Without deducting depreciation, the measure remains gross.

Step 2

Why this answer is correct

The correct answer is A. \(GVA_{FC}\). Net indirect tax is deducted to move from market price to factor cost. Without deducting depreciation, the measure remains gross.

Step 3

Exam Tip

बाजार मूल्य से साधन लागत पर जाने के लिए शुद्ध अप्रत्यक्ष कर घटता है। मूल्यह्रास न घटाने से माप अभी भी सकल रहता है।

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