National Income and Related Aggregates-Net National Product (CBSE Class-12 Economics): Questions 1 - 3 of 3

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Question number: 1

» 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.

-

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: 2

» National Income and Related Aggregates » Net National Product

Essay Question▾

Describe in Detail

From the following data about a firm, calculate the firm’s net value added at factor cost:

calculate the firms net value added at factor cost

calculate the firms net value added at factor cost in detail

(Rs in Lac)

Subsidy

40

Sales

800

Depreciation

30

Exports

100

Closing stock

20

Opening stock

50

Intermediate purchases

500

Purchase of machinery for own use

200

Import of raw material 60

60

Explanation

Net value added at factor cost = Sales + Closing stock - Opening stock - Intermediate purchases - Depreciation + Subsidy

Net value added at factor cost = 800 + 20 – 50 - 500 – 30 + 40

=rs280 lakh

Question number: 3

» National Income and Related Aggregates » Net National Product

Short Answer Question▾

Write in Short

Calculate net value added at factor cost from the following data:

-

Rs. In Crores

(I) Purchase of machinery to be used in the production unit

100

(ii) Sales

200

(iii) Intermediate costs

90

(iv) Indirect taxes

12

(v) Change in stock

10

(vi) Excise duty

6

(vii) Stock of raw material

5

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