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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 ₹18,40,000, अंतिम स्टॉक ₹2,80,000, आरंभिक स्टॉक ₹3,25,000, स्वयं उपयोग किया गया तैयार माल ₹75,000 और मध्यवर्ती उपभोग ₹9,60,000 है, तो \(GVA_{MP}\) कितना होगा?

If a firm's sales are ₹18,40,000, closing stock ₹2,80,000, opening stock ₹3,25,000, own-use finished goods ₹75,000 and intermediate consumption ₹9,60,000, what is \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

A. ₹9,10,000

Step 1

Concept

Value of output is (1840000 + 280000 - 325000 + 75000 = 1870000). \(GVA_{MP} = 1870000 - 960000 = 910000\).

Step 2

Why this answer is correct

The correct answer is A. ₹9,10,000. Value of output is (1840000 + 280000 - 325000 + 75000 = 1870000). \(GVA_{MP} = 1870000 - 960000 = 910000\).

Step 3

Exam Tip

उत्पादन मूल्य (1840000 + 280000 - 325000 + 75000 = 1870000) है। \(GVA_{MP} = 1870000 - 960000 = 910000\) होगा।

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एक उत्पादक इकाई का \(GVA_{MP}\) ₹13,50,000 है, मूल्यह्रास ₹1,80,000, उत्पाद कर ₹1,40,000, उत्पादन कर ₹60,000 और कुल सब्सिडी ₹90,000 है। \(NVA_{FC}\) कितना होगा?

A producing unit has \(GVA_{MP}\) ₹13,50,000, depreciation ₹1,80,000, product tax ₹1,40,000, production tax ₹60,000 and total subsidies ₹90,000. What is \(NVA_{FC}\)?

Explanation opens after your attempt
Correct Answer

A. ₹10,60,000

Step 1

Concept

Net indirect tax is (140000 + 60000 - 90000 = 110000). \(NVA_{FC} = 1350000 - 180000 - 110000 = 1060000\).

Step 2

Why this answer is correct

The correct answer is A. ₹10,60,000. Net indirect tax is (140000 + 60000 - 90000 = 110000). \(NVA_{FC} = 1350000 - 180000 - 110000 = 1060000\).

Step 3

Exam Tip

शुद्ध अप्रत्यक्ष कर (140000 + 60000 - 90000 = 110000) है। \(NVA_{FC} = 1350000 - 180000 - 110000 = 1060000\) है।

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यदि किसी फर्म ने मजदूरी ₹3,20,000 को गलती से मध्यवर्ती उपभोग में जोड़कर \(GVA_{MP}\) ₹8,40,000 निकाला, तो सही \(GVA_{MP}\) कितना होगा?

If a firm wrongly included wages of ₹3,20,000 in intermediate consumption and calculated \(GVA_{MP}\) as ₹8,40,000, what is the correct \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

B. ₹11,60,000

Step 1

Concept

Wages are factor income, not intermediate consumption. Adding back wrongly deducted wages gives (840000 + 320000 = 1160000).

Step 2

Why this answer is correct

The correct answer is B. ₹11,60,000. Wages are factor income, not intermediate consumption. Adding back wrongly deducted wages gives (840000 + 320000 = 1160000).

Step 3

Exam Tip

मजदूरी साधन आय है, मध्यवर्ती उपभोग नहीं। गलत घटाई गई मजदूरी वापस जोड़ने पर (840000 + 320000 = 1160000) होगा।

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यदि किसी व्यापारी ने माल ₹7,80,000 में खरीदा, ₹9,25,000 में बेचा, परिवहन सेवा ₹22,000 और पैकिंग सामग्री ₹18,000 पर खर्च किए, तो उसका \(GVA_{MP}\) कितना होगा?

If a trader buys goods for ₹7,80,000, sells them for ₹9,25,000, and spends ₹22,000 on transport service and ₹18,000 on packing material, what is his \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

B. ₹1,05,000

Step 1

Concept

Trading margin is (925000 - 780000 = 145000). After deducting intermediate expenses of ₹40,000, \(GVA_{MP} = 105000\).

Step 2

Why this answer is correct

The correct answer is B. ₹1,05,000. Trading margin is (925000 - 780000 = 145000). After deducting intermediate expenses of ₹40,000, \(GVA_{MP} = 105000\).

Step 3

Exam Tip

व्यापार मार्जिन (925000 - 780000 = 145000) है। मध्यवर्ती खर्च ₹40,000 घटाने पर \(GVA_{MP} = 105000\) है।

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किसी फर्म की कुल प्राप्तियां ₹24,00,000 हैं जिनमें ₹2,50,000 पुरानी संपत्ति की बिक्री और ₹70,000 चालू वर्ष की मरम्मत सेवा आय शामिल है। यदि अंतिम स्टॉक ₹1,10,000 और आरंभिक स्टॉक ₹1,60,000 है, तो उत्पादन मूल्य कितना होगा?

A firm's total receipts are ₹24,00,000 including ₹2,50,000 sale of old asset and ₹70,000 current year repair service income. If closing stock is ₹1,10,000 and opening stock is ₹1,60,000, what is value of output?

Explanation opens after your attempt
Correct Answer

B. ₹22,00,000

Step 1

Concept

Sale of old asset is removed, while service income remains current output. Value of output is ((2400000 - 250000) + 110000 - 160000 = 2200000).

Step 2

Why this answer is correct

The correct answer is B. ₹22,00,000. Sale of old asset is removed, while service income remains current output. Value of output is ((2400000 - 250000) + 110000 - 160000 = 2200000).

Step 3

Exam Tip

पुरानी संपत्ति की बिक्री हटेगी, सेवा आय चालू उत्पादन में रहेगी। उत्पादन मूल्य ((2400000 - 250000) + 110000 - 160000 = 2200000) है।

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मूल्य वर्धन विधि में किसी उत्पादक के लिए आउटसोर्स कानूनी सलाह शुल्क का सही वर्गीकरण क्या है?

In the value added method, what is the correct classification of outsourced legal advisory fee for a producer?

Explanation opens after your attempt
Correct Answer

A. मध्यवर्ती सेवा उपभोगIntermediate service consumption

Step 1

Concept

Legal advisory is an external service used in production activity. It may be treated as intermediate service consumption for the producer.

Step 2

Why this answer is correct

The correct answer is A. मध्यवर्ती सेवा उपभोग / Intermediate service consumption. Legal advisory is an external service used in production activity. It may be treated as intermediate service consumption for the producer.

Step 3

Exam Tip

कानूनी सलाह उत्पादन गतिविधि में उपयोग की गई बाहरी सेवा है। इसे उत्पादक के लिए मध्यवर्ती सेवा उपभोग माना जा सकता है।

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यदि \(NVA_{FC}\) ₹9,30,000, मूल्यह्रास ₹1,25,000 और शुद्ध अप्रत्यक्ष कर ₹-35,000 है, तो \(GVA_{MP}\) कितना होगा?

If \(NVA_{FC}\) is ₹9,30,000, depreciation is ₹1,25,000 and net indirect tax is ₹-35,000, what is \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

B. ₹10,20,000

Step 1

Concept

\(GVA_{MP} = NVA_{FC} + Depreciation + NIT\). (930000 + 125000 - 35000 = 1020000) is correct.

Step 2

Why this answer is correct

The correct answer is B. ₹10,20,000. \(GVA_{MP} = NVA_{FC} + Depreciation + NIT\). (930000 + 125000 - 35000 = 1020000) is correct.

Step 3

Exam Tip

\(GVA_{MP} = NVA_{FC} + Depreciation + NIT\) है। (930000 + 125000 - 35000 = 1020000) सही है।

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तीन चरणों में मूल्य वर्धन क्रमशः ₹55,000, ₹72,000 और ₹48,000 है। यदि खुदरा व्यापार मार्जिन ₹25,000 है, तो अंतिम वस्तु का मूल्य कितना होगा?

Value added in three stages is ₹55,000, ₹72,000 and ₹48,000 respectively. If retail trade margin is ₹25,000, what is value of the final good?

Explanation opens after your attempt
Correct Answer

C. ₹2,00,000

Step 1

Concept

Value of final good is the sum of value added at all stages. (55000 + 72000 + 48000 + 25000 = 200000).

Step 2

Why this answer is correct

The correct answer is C. ₹2,00,000. Value of final good is the sum of value added at all stages. (55000 + 72000 + 48000 + 25000 = 200000).

Step 3

Exam Tip

अंतिम वस्तु का मूल्य सभी चरणों के मूल्य वर्धन का योग है। (55000 + 72000 + 48000 + 25000 = 200000) है।

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यदि सुरक्षा सेवा कंपनी को ₹1,20,000 शुल्क मिला, उसने यूनिफॉर्म और उपकरण उपभोग पर ₹18,000 तथा गार्ड वेतन ₹75,000 दिया, तो उसका \(GVA_{MP}\) कितना होगा?

If a security service company receives fee of ₹1,20,000, spends ₹18,000 on uniform and equipment consumption and pays guard wages ₹75,000, what is its \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

B. ₹1,02,000

Step 1

Concept

The service company's output is ₹1,20,000 and only consumed inputs are deducted. Wages are factor income, so (120000 - 18000 = 102000).

Step 2

Why this answer is correct

The correct answer is B. ₹1,02,000. The service company's output is ₹1,20,000 and only consumed inputs are deducted. Wages are factor income, so (120000 - 18000 = 102000).

Step 3

Exam Tip

सेवा कंपनी का आउटपुट ₹1,20,000 है और केवल उपभोगित इनपुट घटेंगे। वेतन साधन आय है, इसलिए (120000 - 18000 = 102000) है।

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स्वयं के मकान के अनुमानित किराये को शामिल करते समय कौन सी सावधानी सबसे महत्वपूर्ण है?

What is the most important care while including imputed rent of owner-occupied house?

Explanation opens after your attempt
Correct Answer

A. इसे आवास सेवा का अनुमान मानें, नकद किराया नहींTreat it as estimated housing service, not cash rent

Step 1

Concept

Imputed rent is not an actual cash transaction but represents production of housing service. Do not confuse it with household domestic service.

Step 2

Why this answer is correct

The correct answer is A. इसे आवास सेवा का अनुमान मानें, नकद किराया नहीं / Treat it as estimated housing service, not cash rent. Imputed rent is not an actual cash transaction but represents production of housing service. Do not confuse it with household domestic service.

Step 3

Exam Tip

अनुमानित किराया वास्तविक नकद लेन-देन नहीं होता, पर आवास सेवा का उत्पादन दर्शाता है। परीक्षा में इसे घरेलू सेवा से न मिलाएं।

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