National Income and Related Aggregates-Methods of Calculating National Income (CBSE Class-12 Economics): Questions 1 - 4 of 13

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Question number: 1

» National Income and Related Aggregates » Methods of Calculating National Income » Income Method

» National Income and Related Aggregates » Methods of Calculating National Income » Expenditure Method

Essay Question▾

Describe in Detail

From the following data calculate National Income by Income and Expenditure

methods:

data to calculate national income

it shows particulars with its amount

NO.

(Rs crores)

1

Government final consumption expenditure

100

2

Subsidies

10

3

Rent

200

4

Wages and salaries

600

5

Indirect taxes

60

6

Private final consumption expenditure

800

7

Gross domestic capital formation

120

8

Social security contributions by employers’

55

9

Royalty

25

10

Net factor income paid to abroad

30

11

Interest

20

12

Consumption of fixed capital

10

13

Profit

130

14

Net exports

70

15

Change in stock

50

Explanation

Income Method

National Income = (4) + (8) + (3 + 9) + (11) + (13) – (10)

= 600 + 55 + (200 + 25) + 20 + 130 - 30

= Rs. 1, 000 crores

Expenditure Method

National Income = 6 + 1 + 7 + 14 –… (28 more words) …

Question number: 2

» National Income and Related Aggregates » Methods of Calculating National Income » Value Added or Product Method

» National Income and Related Aggregates » Methods of Calculating National Income » Income Method

Short Answer Question▾

Write in Short

Explain any two precautions that should be taken while estimating national income by (a) value added method, and (b) income method.

Question number: 3

» National Income and Related Aggregates » Methods of Calculating National Income » Value Added or Product Method

One Liner Question▾

Write in Brief

From the following data relating to a firm, calculate its net value added at factor cost:

information regarding the calculation of net value added at factor cost

various data and their amount is given for the calculation

No.

particulars

Amount ( Rs. in Crores)

1

Subsidy

40

2

Sales

800

3

Depreciation

30

4

Exports

100

5

Closing stock

20

6

Opening stock

50

7

Intermediate purchases

500

Question number: 4

» National Income and Related Aggregates » Methods of Calculating National Income » Value Added or Product Method

Short Answer Question▾

Write in Short

From the following data relating to a firm, calculate its net value added at factor cost:

data for calculating net value added at factor cost

different data is given in Rs. lakhs to calculate net value added at factor cost

No.

particulars

(Rs in Lacs)

1

Subsidy

40

2

Sales

800

3

Depreciation

30

4

Exports

100

5

Closing stock

20

6

Opening stock

50

7

Intermediate purchases

500

8

Purchase of machinery for own use

200

9

Import of raw material

60

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