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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 ₹32 लाख और \(GVA_{MP}\) ₹13.5 लाख है, जबकि मध्यवर्ती सेवाएं ₹4.2 लाख हैं, तो मध्यवर्ती वस्तु इनपुट कितना होगा?

If value of output is ₹32 lakh and \(GVA_{MP}\) is ₹13.5 lakh, while intermediate services are ₹4.2 lakh, what will be intermediate goods input?

Explanation opens after your attempt
Correct Answer

A. ₹14.3 लाख₹14.3 lakh

Step 1

Concept

Total intermediate consumption is (32 - 13.5 = 18.5) lakh. Goods input will be (18.5 - 4.2 = 14.3) lakh.

Step 2

Why this answer is correct

The correct answer is A. ₹14.3 लाख / ₹14.3 lakh. Total intermediate consumption is (32 - 13.5 = 18.5) lakh. Goods input will be (18.5 - 4.2 = 14.3) lakh.

Step 3

Exam Tip

कुल मध्यवर्ती उपभोग (32 - 13.5 = 18.5) लाख है। वस्तु इनपुट (18.5 - 4.2 = 14.3) लाख होगा।

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यदि एक उत्पादक ने कच्चा माल ₹4,40,000, मशीन मरम्मत ₹60,000, मजदूरी ₹3,00,000, किराया ₹1,20,000 और ईंधन ₹80,000 दिया, तो मध्यवर्ती उपभोग कितना होगा?

If a producer pays raw material ₹4,40,000, machine repair ₹60,000, wages ₹3,00,000, rent ₹1,20,000 and fuel ₹80,000, what will be intermediate consumption?

Explanation opens after your attempt
Correct Answer

A. ₹5,80,000

Step 1

Concept

Raw material, ordinary repair and fuel are intermediate consumption. Wages and rent are factor incomes.

Step 2

Why this answer is correct

The correct answer is A. ₹5,80,000. Raw material, ordinary repair and fuel are intermediate consumption. Wages and rent are factor incomes.

Step 3

Exam Tip

कच्चा माल, सामान्य मरम्मत और ईंधन मध्यवर्ती उपभोग हैं। मजदूरी और किराया साधन आय हैं।

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एक ही वस्तु के अंतिम या मध्यवर्ती होने की विशेषज्ञ पहचान किससे की जाती है?

How is whether the same good is final or intermediate identified at expert level?

Explanation opens after your attempt
Correct Answer

A. उसके उपयोगकर्ता और उत्पादन में उपयोग की भूमिका सेBy its user and role in production use

Step 1

Concept

Name of the good is not decisive. The same milk can be final for a household and intermediate for a sweet-making firm.

Step 2

Why this answer is correct

The correct answer is A. उसके उपयोगकर्ता और उत्पादन में उपयोग की भूमिका से / By its user and role in production use. Name of the good is not decisive. The same milk can be final for a household and intermediate for a sweet-making firm.

Step 3

Exam Tip

वस्तु का नाम निर्णायक नहीं होता। वही दूध परिवार के लिए अंतिम और मिठाई बनाने वाली फर्म के लिए मध्यवर्ती हो सकता है।

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यदि \(GVA_{FC}\) ₹11,80,000 है, उत्पादन कर ₹70,000, उत्पाद कर ₹1,10,000 और उत्पाद सब्सिडी ₹55,000 है, तो \(GVA_{MP}\) कितना होगा?

If \(GVA_{FC}\) is ₹11,80,000, production tax ₹70,000, product tax ₹1,10,000 and product subsidy ₹55,000, what is \(GVA_{MP}\)?

Explanation opens after your attempt
Correct Answer

A. ₹13,05,000

Step 1

Concept

Net indirect tax is (70000 + 110000 - 55000 = 125000). \(GVA_{MP} = 1180000 + 125000 = 1305000\).

Step 2

Why this answer is correct

The correct answer is A. ₹13,05,000. Net indirect tax is (70000 + 110000 - 55000 = 125000). \(GVA_{MP} = 1180000 + 125000 = 1305000\).

Step 3

Exam Tip

शुद्ध अप्रत्यक्ष कर (70000 + 110000 - 55000 = 125000) है। \(GVA_{MP} = 1180000 + 125000 = 1305000\) है।

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सरकारी गैर-बाजार सेवा के आउटपुट में निम्न में से कौन सा आधार सबसे उपयुक्त है?

Which basis is most appropriate for output of a government non-market service?

Explanation opens after your attempt
Correct Answer

A. लागत आधारित मूल्यांकनCost-based valuation

Step 1

Concept

Government non-market services do not have a sale price. Therefore costs such as wages, intermediate consumption and capital consumption become the basis.

Step 2

Why this answer is correct

The correct answer is A. लागत आधारित मूल्यांकन / Cost-based valuation. Government non-market services do not have a sale price. Therefore costs such as wages, intermediate consumption and capital consumption become the basis.

Step 3

Exam Tip

गैर-बाजार सरकारी सेवाओं का बिक्री मूल्य उपलब्ध नहीं होता। इसलिए मजदूरी, मध्यवर्ती उपभोग और पूंजी उपभोग जैसी लागतें आधार बनती हैं।

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यदि \(GVA_{MP}\) ₹7,50,000 और \(NVA_{FC}\) ₹5,85,000 है, जबकि मूल्यह्रास ₹95,000 है, तो शुद्ध अप्रत्यक्ष कर कितना होगा?

If \(GVA_{MP}\) is ₹7,50,000 and \(NVA_{FC}\) is ₹5,85,000, while depreciation is ₹95,000, what is net indirect tax?

Explanation opens after your attempt
Correct Answer

A. ₹70,000

Step 1

Concept

\(NIT = GVA_{MP} - Depreciation - NVA_{FC}\). (750000 - 95000 - 585000 = 70000).

Step 2

Why this answer is correct

The correct answer is A. ₹70,000. \(NIT = GVA_{MP} - Depreciation - NVA_{FC}\). (750000 - 95000 - 585000 = 70000).

Step 3

Exam Tip

\(NIT = GVA_{MP} - Depreciation - NVA_{FC}\) है। (750000 - 95000 - 585000 = 70000) होगा।

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यदि अंतिम स्टॉक आरंभिक स्टॉक से ₹1,15,000 अधिक है और बिक्री ₹12,75,000 है, तो उत्पादन मूल्य कितना होगा?

If closing stock is ₹1,15,000 more than opening stock and sales are ₹12,75,000, what is value of output?

Explanation opens after your attempt
Correct Answer

B. ₹13,90,000

Step 1

Concept

Increase in stock shows unsold current year output. Value of output is (1275000 + 115000 = 1390000).

Step 2

Why this answer is correct

The correct answer is B. ₹13,90,000. Increase in stock shows unsold current year output. Value of output is (1275000 + 115000 = 1390000).

Step 3

Exam Tip

स्टॉक में वृद्धि चालू वर्ष के न बिके उत्पादन को दिखाती है। उत्पादन मूल्य (1275000 + 115000 = 1390000) है।

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घरेलू आय से राष्ट्रीय आय तक पहुंचने में (NFIA) का प्रयोग क्यों किया जाता है?

Why is (NFIA) used to move from domestic income to national income?

Explanation opens after your attempt
Correct Answer

A. क्योंकि घरेलू आय क्षेत्र आधारित और राष्ट्रीय आय निवासी आधारित होती हैBecause domestic income is territory-based and national income is resident-based

Step 1

Concept

Domestic income measures production within domestic territory, while national income measures factor income of residents. Therefore net factor income from abroad is adjusted.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि घरेलू आय क्षेत्र आधारित और राष्ट्रीय आय निवासी आधारित होती है / Because domestic income is territory-based and national income is resident-based. Domestic income measures production within domestic territory, while national income measures factor income of residents. Therefore net factor income from abroad is adjusted.

Step 3

Exam Tip

घरेलू आय घरेलू सीमा में उत्पादन मापती है, राष्ट्रीय आय निवासियों की साधन आय मापती है। इसलिए विदेश से शुद्ध साधन आय समायोजित होती है।

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यदि घरेलू आय ₹8,250 करोड़, विदेश से प्राप्त साधन आय ₹620 करोड़ और विदेश को दी गई साधन आय ₹780 करोड़ है, तो राष्ट्रीय आय कितनी होगी?

If domestic income is ₹8,250 crore, factor income received from abroad ₹620 crore and factor income paid abroad ₹780 crore, what is national income?

Explanation opens after your attempt
Correct Answer

C. ₹8,090 करोड़₹8,090 crore

Step 1

Concept

(NFIA = 620 - 780 = -160) crore. National income will be (8250 - 160 = 8090) crore.

Step 2

Why this answer is correct

The correct answer is C. ₹8,090 करोड़ / ₹8,090 crore. (NFIA = 620 - 780 = -160) crore. National income will be (8250 - 160 = 8090) crore.

Step 3

Exam Tip

(NFIA = 620 - 780 = -160) करोड़ है। राष्ट्रीय आय (8250 - 160 = 8090) करोड़ होगी।

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मूल्य वर्धन विधि में परिवार के सदस्य द्वारा घर में अवैतनिक खाना पकाने की सेवा क्यों शामिल नहीं होती?

Why is unpaid cooking service by a family member at home not included in the value added method?

Explanation opens after your attempt
Correct Answer

A. क्योंकि यह बाजार में बेची गई उत्पादन सेवा नहीं हैBecause it is not a production service sold in the market

Step 1

Concept

Reliable market valuation of unpaid domestic services is difficult. Keep them outside production boundary in exams.

Step 2

Why this answer is correct

The correct answer is A. क्योंकि यह बाजार में बेची गई उत्पादन सेवा नहीं है / Because it is not a production service sold in the market. Reliable market valuation of unpaid domestic services is difficult. Keep them outside production boundary in exams.

Step 3

Exam Tip

अवैतनिक घरेलू सेवाओं का विश्वसनीय बाजार मूल्यांकन कठिन है। परीक्षा में इन्हें उत्पादन सीमा से बाहर रखें।

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