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Class 12 · Economics
→A producing unit has GVA at market prices ₹13,50,000, depreciation ₹1,80,000, product tax ₹1,40,000, production tax ₹60,000 and total subsidies ₹90,000. What is NVA at factor cost?
Class 12 · Economics
→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 at market prices?
Class 12 · Economics
→In an expert-level numerical question, what is the safest sequence to calculate NVA at factor cost?
Class 12 · Economics
→A producer paid raw material ₹7 lakh, packing ₹1 lakh, outsourced IT service ₹2 lakh, wages ₹5 lakh and interest ₹1.5 lakh. What is intermediate consumption?
Class 12 · Economics
→If a firm's GVA at market prices is known and it must be converted to national income, why is adding only that firm's NFIA not sufficient?
Class 12 · Economics
→What is the biggest measurement problem due to illegal or informal production in the value added method?
Class 12 · Economics
→If a producing unit has negative NVA at factor cost while aggregating units’ NVA at factor cost, what is the correct expert-level approach?
Class 12 · Economics
→In the product method, which item is deducted from a producer’s value of output to obtain value added and avoid double counting?
Class 12 · Economics
→A producer spends ₹80,000 on ordinary factory-building repairs and ₹9,00,000 on constructing a new building. Which item is more appropriately treated as intermediate consumption in value added?
Class 12 · Economics
→In the value added method, how may a normal business insurance premium paid by a producer to an insurance company be treated?
Class 12 · Economics
→If a firm gives part of its produced goods to employees as payment in kind, how should those goods be treated in the value of output?
Class 12 · Economics
→If the total value of final goods and the sum of value added at all stages are different in an economy, what is the most likely reason?
Class 12 · Economics
→A producer’s total output is ₹25,00,000, NVA at factor cost (NVA_FC) is ₹11,40,000, depreciation is ₹1,60,000, and net indirect taxes are ₹70,000. What is intermediate consumption?
Class 12 · Economics
→Which of the following will be excluded as a windfall gain while calculating value added?
Class 12 · Economics
→A firm’s GVA at market prices (GVAₘₚ) is reported as ₹10,00,000. If wages of ₹2,00,000 were mistakenly included in intermediate consumption and deducted, what should the correct GVAₘₚ be?
Class 12 · Economics
→If a producing unit sends finished goods worth ₹1,50,000 to its own branch and sells goods worth ₹8,50,000 in the market, how should the goods sent to the branch be treated while calculating the value of output?
Class 12 · Economics
→If GVA at market prices, depreciation, product tax and product subsidy are given, which formula correctly calculates NVA at factor cost?
Class 12 · Economics
→Under the value added method, how is commission earned by a property broker in the current year on the sale of an old house treated?
Class 12 · Economics
→If a firm's output value includes a product tax such as GST, what adjustment is required to calculate value added at factor cost?
Class 12 · Economics
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