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Class 12 · Economics

An ice cream factory bought a refrigeration plant. What will be its correct classification?

Class 12 · Economics

Why is a refrigerator bought for household use not called a capital good?

Class 12 · Economics

A hostel bought rice for students' meals. What is this rice for the hostel?

Class 12 · Economics

A grocery trader bought rice and sold it further in the same form. What is the correct classification of rice for the trader?

Class 12 · Economics

What is the main reason for deducting intermediate consumption from output value in the value added method?

Class 12 · Economics

If after treating a good as final good the value of its inputs is also added, what defect arises in national income?

Class 12 · Economics

Work-in-progress remained in a manufacturing unit at the year end. What is its correct treatment?

Class 12 · Economics

A producer kept finished goods in its warehouse at the year end. Why can it be treated as final output even without sale?

Class 12 · Economics

A farmer bought chemical fertiliser to apply in the field. What will be the classification of fertiliser?

Class 12 · Economics

A farmer bought an irrigation pump that will work on the farm for many years. Which category is it?

Class 12 · Economics

A bus company bought detergent for daily cleaning. What is this detergent for the company?

Class 12 · Economics

A bus transport company bought a new bus to provide passenger service. How will the bus be treated?

Class 12 · Economics

For a car manufacturer what is the engine fitted into a car?

Class 12 · Economics

Which statement correctly distinguishes an intermediate good from a capital good?

Class 12 · Economics

Which statement most accurately identifies a final good?

Class 12 · Economics

In which case will the same computer not be treated as an intermediate good but as a final capital good?

Class 12 · Economics

A software company bought an office building for permanent use. Which category will it fall into?

Class 12 · Economics

A software company bought one year of cloud service to provide services to clients. What is this expenditure?

Class 12 · Economics

A household bought a gas cylinder for cooking at home. What is the correct classification of the gas?

Class 12 · Economics

A restaurant bought a gas cylinder for cooking food. How will the gas be counted?