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Social Studies
11th -
University
national income - value added method
10 questions
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- 1. Multiple Choice
which of the following method can be used to calculate national income?
income method
value added method
expenditure method
all of the these
- 2. Multiple Choice
the value of intermediate consumption will be ___________ , if purchase of raw material is rs 1,200, export are of Rs 600 and import are of Rs. 200.
1200
800
1800
1400
- 3. Multiple Choice
commodity service method is another name for:
expenditure method
income method
value added method
- 4. Multiple Choice
if a farmer sells wheat to miller for ₹500 and miller sells flour to baker for ₹ 700 and baker sells bread to consumers for ₹ 1000 then total value added by miller and baker is:
500
300
1,700
1,200
- 5. Multiple Choice
when the entire output is sold in an accounting year, then value of output is equal to:
sales+change in stock
sales
sales- change in stock
- 6. Multiple Choice
national income can be calculated by 3 methods. by which method, we get the maximum value of national income?
expenditure method
income method
value added method
all three methods gives the same vale of national income.
- 7. Multiple Choice
value added means value of :
output at market price
output less depreciation
output less intermediate cost
output plus intermediate cost
- 8. Multiple Choice
value added by a firm is equal to:
sales
profit
sales- intermediate consumption
sales+ intermediate consumption
- 9. Multiple Choice
which of the following is not an economic activity and not included in national income?
medical services rendered by a dispensary
a housewife doing household work
a lawyer doing a practice
a maid working full time with a family
- 10. Multiple Choice
national income is the sum of factor income accruing to:
nationals
economic territory
residents
both residents and non residents
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