National Income and Related Aggregates (CBSE Class-12 Economics): Questions 30 - 32 of 68

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Question number: 30

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2006

Essay Question▾

Describe in Detail

From the following data, calculate “gross value added at factor cost”.

calculate gross value added at factor cost.

calculate gross value added at factor cost in detail.

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( Rs. in lakhs)

Sales

180

Rent

5

Subsidies

10

Change in stock

15

Purchase of raw materials

100

Profits

25

Explanation

value added at factor cost = Sales + Change in stock - Purchase of raw materials + Subsidies

= 180 + 15 - 100 + 10

= Rs. 105 lakh

Question number: 31

» National Income and Related Aggregates » Net National Product

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Find Net value added at Market price:

Find Net value added at Market price:

Find Net value added at Market price with calculation.

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Price (Rs)

Output sold (units)

800

Price per unit of output

20

Exercise duty

1600

Import duty

400

Net change in stocks

(-) 500

Depreciation

1000

Intermediate cost

8000

Explanation

Net value added at Market price = Total value of sales + change in stock – Intermediate consumption – Depreciation

= (800 × 20) + (-500) – 8000 - 1000

= 6500rs.

Question number: 32

» National Income and Related Aggregates » Gross National Product

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Find out (A) Gross National product at market price and (B) Net current transfers from Abroad.

Gross National product at market price and Net current transfers from Abroad.

Calculate Gross National product at market price and Net current transfers from Abroad.

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(Rs crore)

Net indirect tax

35

Private final consumption expenditure

500

Net national disposable income

750

Closing stock

10

Government final consumption expenditure

150

Net domestic fixed capital formation

100

Net factor income to abroad

(-15)

Net imports

20

Opening stock

10

Consumption of fixed capital

50

Explanation

Gross National product at market price = Private final consumption expenditure + Government final consumption expenditure + Net domestic fixed capital formation - Consumption of fixed capital - Net imports - Net factor income to abroad

= 500 + 150 + (100 – 50) -20 – (-15)

= 695rs crore… (46 more words) …

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