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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 उत्पादक ने ₹4,50,000 आयातित कच्चा माल, ₹2,75,000 घरेलू कच्चा माल और ₹60,000 आउटसोर्स सेवा उपयोग की, तो मध्यवर्ती उपभोग कितना होगा?

If a producer uses imported raw material ₹4,50,000, domestic raw material ₹2,75,000 and outsourced service ₹60,000, what will be intermediate consumption?

Explanation opens after your attempt
Correct Answer

B. ₹7,85,000

Step 1

Concept

All three items are intermediate inputs used in production. Total intermediate consumption is (450000 + 275000 + 60000 = 785000).

Step 2

Why this answer is correct

The correct answer is B. ₹7,85,000. All three items are intermediate inputs used in production. Total intermediate consumption is (450000 + 275000 + 60000 = 785000).

Step 3

Exam Tip

तीनों मद उत्पादन में उपयोग हुए मध्यवर्ती इनपुट हैं। कुल मध्यवर्ती उपभोग (450000 + 275000 + 60000 = 785000) है।

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यदि किसी फर्म का \(NVA_{MP}\) ₹9,85,000, अप्रत्यक्ष कर ₹1,55,000 और सब्सिडी ₹45,000 है, तो \(NVA_{FC}\) कितना होगा?

If a firm's \(NVA_{MP}\) is ₹9,85,000, indirect taxes are ₹1,55,000 and subsidies are ₹45,000, what is \(NVA_{FC}\)?

Explanation opens after your attempt
Correct Answer

B. ₹8,75,000

Step 1

Concept

Net indirect tax is (155000 - 45000 = 110000). \(NVA_{FC} = 985000 - 110000 = 875000\).

Step 2

Why this answer is correct

The correct answer is B. ₹8,75,000. Net indirect tax is (155000 - 45000 = 110000). \(NVA_{FC} = 985000 - 110000 = 875000\).

Step 3

Exam Tip

शुद्ध अप्रत्यक्ष कर (155000 - 45000 = 110000) है। \(NVA_{FC} = 985000 - 110000 = 875000\) है।

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नया सर्वर कंप्यूटर और उसी वर्ष उपयोग हुआ इंटरनेट डेटा पैक, मूल्य वर्धन विधि में कैसे वर्गीकृत होंगे?

How will a new server computer and internet data pack used in the same year be classified in the value added method?

Explanation opens after your attempt
Correct Answer

A. सर्वर स्थिर पूंजी और डेटा पैक मध्यवर्ती सेवा उपभोगServer is fixed capital and data pack is intermediate service consumption

Step 1

Concept

The server provides service in production for many years, so it is fixed capital. The data pack is a service used up in the same period.

Step 2

Why this answer is correct

The correct answer is A. सर्वर स्थिर पूंजी और डेटा पैक मध्यवर्ती सेवा उपभोग / Server is fixed capital and data pack is intermediate service consumption. The server provides service in production for many years, so it is fixed capital. The data pack is a service used up in the same period.

Step 3

Exam Tip

सर्वर कई वर्षों तक उत्पादन में सेवा देगा, इसलिए स्थिर पूंजी है। डेटा पैक उसी अवधि में उपयोग होने वाली सेवा है।

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मूल्य वर्धन विधि में स्कूल की प्रयोगशाला में उपयोग हुए रसायन और शिक्षक वेतन का सही व्यवहार क्या है?

What is the correct treatment of chemicals used in a school laboratory and teachers' salaries in the value added method?

Explanation opens after your attempt
Correct Answer

A. रसायन मध्यवर्ती उपभोग और वेतन साधन आयChemicals are intermediate consumption and salaries are factor income

Step 1

Concept

Chemicals are inputs used up in educational service. Teachers' salaries are reward for labour and part of value added.

Step 2

Why this answer is correct

The correct answer is A. रसायन मध्यवर्ती उपभोग और वेतन साधन आय / Chemicals are intermediate consumption and salaries are factor income. Chemicals are inputs used up in educational service. Teachers' salaries are reward for labour and part of value added.

Step 3

Exam Tip

रसायन शिक्षण सेवा में खर्च होने वाले इनपुट हैं। शिक्षक वेतन श्रम का प्रतिफल है और मूल्य वर्धन का हिस्सा है।

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यदि प्राथमिक क्षेत्र का \(NVA_{FC}\) ₹2,350 करोड़, द्वितीयक क्षेत्र का ₹3,140 करोड़, तृतीयक क्षेत्र का ₹4,510 करोड़ और (NFIA) ₹220 करोड़ है, तो राष्ट्रीय आय कितनी होगी?

If primary sector \(NVA_{FC}\) is ₹2,350 crore, secondary sector ₹3,140 crore, tertiary sector ₹4,510 crore and (NFIA) ₹220 crore, what is national income?

Explanation opens after your attempt
Correct Answer

B. ₹10,220 करोड़₹10,220 crore

Step 1

Concept

Domestic income is (2350 + 3140 + 4510 = 10000) crore. National income is (10000 + 220 = 10220) crore.

Step 2

Why this answer is correct

The correct answer is B. ₹10,220 करोड़ / ₹10,220 crore. Domestic income is (2350 + 3140 + 4510 = 10000) crore. National income is (10000 + 220 = 10220) crore.

Step 3

Exam Tip

घरेलू आय (2350 + 3140 + 4510 = 10000) करोड़ है। राष्ट्रीय आय (10000 + 220 = 10220) करोड़ है।

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किसी उत्पादन मूल्य में ₹3,40,000 पुरानी मशीन बिक्री गलती से शामिल है और ₹55,000 वर्तमान वर्ष की इंस्टॉलेशन सेवा छूट गई है। सही उत्पादन मूल्य के लिए शुद्ध सुधार क्या होगा?

A value of output wrongly includes ₹3,40,000 sale of old machine and omits ₹55,000 current year installation service. What is the net correction for correct value of output?

Explanation opens after your attempt
Correct Answer

A. ₹2,85,000 घटाना होगाDeduct ₹2,85,000

Step 1

Concept

Value of old machine is removed and current service value is added. Net correction is ( -340000 + 55000 = -285000).

Step 2

Why this answer is correct

The correct answer is A. ₹2,85,000 घटाना होगा / Deduct ₹2,85,000. Value of old machine is removed and current service value is added. Net correction is ( -340000 + 55000 = -285000).

Step 3

Exam Tip

पुरानी मशीन का मूल्य हटेगा और वर्तमान सेवा का मूल्य जुड़ेगा। शुद्ध सुधार ( -340000 + 55000 = -285000) है।

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यदि अंतिम वस्तु का मूल्य ₹8,40,000 है और चार पूर्व चरणों का मूल्य वर्धन ₹1,20,000, ₹1,75,000, ₹2,10,000 और ₹95,000 है, तो अंतिम विक्रेता का मूल्य वर्धन कितना होगा?

If final good value is ₹8,40,000 and value added in four previous stages is ₹1,20,000, ₹1,75,000, ₹2,10,000 and ₹95,000, what is value added by the final seller?

Explanation opens after your attempt
Correct Answer

A. ₹2,40,000

Step 1

Concept

Sum of previous stages is ₹6,00,000. Final seller's value added is (840000 - 600000 = 240000).

Step 2

Why this answer is correct

The correct answer is A. ₹2,40,000. Sum of previous stages is ₹6,00,000. Final seller's value added is (840000 - 600000 = 240000).

Step 3

Exam Tip

पूर्व चरणों का योग ₹6,00,000 है। अंतिम विक्रेता का मूल्य वर्धन (840000 - 600000 = 240000) होगा।

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स्टॉक परिवर्तन का गलत समायोजन मूल्य वर्धन विधि में किस गलती को जन्म दे सकता है?

Wrong adjustment of change in stock can cause which error in the value added method?

Explanation opens after your attempt
Correct Answer

A. चालू वर्ष के उत्पादन का गलत मापनIncorrect measurement of current year output

Step 1

Concept

Stock adjustment converts sales into current output. If it is wrong, both value of output and (GVA) will be wrong.

Step 2

Why this answer is correct

The correct answer is A. चालू वर्ष के उत्पादन का गलत मापन / Incorrect measurement of current year output. Stock adjustment converts sales into current output. If it is wrong, both value of output and (GVA) will be wrong.

Step 3

Exam Tip

स्टॉक समायोजन बिक्री को चालू उत्पादन में बदलता है। गलती होने पर उत्पादन मूल्य और (GVA) दोनों गलत होंगे।

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यदि \(GVA_{MP}\) ₹18 लाख है और मूल्यह्रास ₹2.4 लाख घटाने के बाद कोई कर समायोजन नहीं किया गया, तो प्राप्त माप क्या है?

If \(GVA_{MP}\) is ₹18 lakh and after deducting depreciation ₹2.4 lakh no tax adjustment is made, what measure is obtained?

Explanation opens after your attempt
Correct Answer

A. \(NVA_{MP}\)

Step 1

Concept

Depreciation is deducted to move from gross to net. Net indirect tax must be deducted separately to move from market price to factor cost.

Step 2

Why this answer is correct

The correct answer is A. \(NVA_{MP}\). Depreciation is deducted to move from gross to net. Net indirect tax must be deducted separately to move from market price to factor cost.

Step 3

Exam Tip

सकल से शुद्ध बनने के लिए मूल्यह्रास घटता है। बाजार मूल्य से साधन लागत पर जाने के लिए शुद्ध अप्रत्यक्ष कर अलग से घटाना होगा।

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यदि \(GVA_{MP}\) ₹18 लाख से केवल शुद्ध अप्रत्यक्ष कर ₹1.2 लाख घटाया गया और मूल्यह्रास नहीं घटा, तो कौन सा माप मिलेगा?

If only net indirect tax ₹1.2 lakh is deducted from \(GVA_{MP}\) ₹18 lakh and depreciation is not deducted, which measure is obtained?

Explanation opens after your attempt
Correct Answer

A. \(GVA_{FC}\)

Step 1

Concept

Deducting net indirect tax moves from market price to factor cost. Since depreciation is not deducted, the measure remains gross.

Step 2

Why this answer is correct

The correct answer is A. \(GVA_{FC}\). Deducting net indirect tax moves from market price to factor cost. Since depreciation is not deducted, the measure remains gross.

Step 3

Exam Tip

शुद्ध अप्रत्यक्ष कर घटाने से बाजार मूल्य से साधन लागत पर जाते हैं। मूल्यह्रास न घटने से माप अभी भी सकल है।

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