Test on National Income

Class: 12th Date: 24/12/2023

M.M: 40 Time: 90 Mins

Q.1.Clacualte the value of ‘Change in Stock’ from the following data: (3)
Particulars ₹ in crores
(i) Sales 400
(ii) Net Value Added at Factor Cost (NVAFC) 200
(iii) Subsidies 10
(iv) Change in stock ?
(v) Depreciation 40
(vi) Intermediate Consumption 100

Q.2. Find the value added at factor cost: (2)

Particulars ₹ lakhs
(i) Durable use producer goods with a life span of 10 years 10
(ii) Single use producer goods 5
(iii) Sales 20
(iv) Unsold output produced during the year 2
(v) Taxes on production 1

Q.3. From the following data calculate: (a) Value of ouput; (b) Intermediate Consumption; (c) Net value added at factor
cost. (3)
Particulars ₹ in crores
(i) Purchase of raw materials from domestic market 400
(ii) Increase in the unsold stock 60
(iii) Import of raw material 120
(iv) Domestic Sales 1,200
(v) Replacement of Fixed Capital 50
(vi) Power Charges 20
(vii) Exports 200
(viii) Import of Machinery 40
(ix) Goods and Services 10
(x) Subsidy 30
(xi) Goods used for Self Consumption 10

Q.4. Firm A buys from X inputs worth ₹500 crores and sells to firm B goods worth ₹1,000 crores and to firm C goods
worth ₹ 700 crores. Firm B buys from Y inputs worth ₹200 crores and sells to firm C goods worth ₹ 1,500 cores and
finished goods worth ₹ 2,000 crores to households. Firm C buys from Z inputs worth ₹ 150 crores and sells finished
goods worth ₹ 4,150 cores to households. Calculate value added by firms A, B and C and GDP MP. (2)

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Q.5. Sales by Firm A are ₹ 80 crores and sales by firm B are ₹ 300 crores Value added by B and C are equal. Value of
output of C and D are ₹ 280 crores each. Value added by D is ₹120 crores and GDPMP is ₹520 crores. Assuming A’s
value of inputs are zero , calculate: (i) Value added by firm B and firm C; (ii) Value of Inputs of firm B;
(iii) Value of Inputs of firms C. (2)

Q.6. Calculate the Operating Surplus. (3)

Particulars ₹ in Crores
(i) Sales 4,000
(ii) Compensation of employees 800
(iii) Intermediate consumption 600
(iv) Rent 400
(v) Interest 300
(vi) Net indirect taxes 500
(vii) Consumption of fixed capital 200
(viii) Mixed income 400

Q.7. Calculate National Income by Income and Expenditure method. (5)

Particulars ₹ in crores
(i) Final consumption Expenditure
- Private Sector 350
- Government Sector 100
(ii) Mixed income of self employed 35
(iii) Gross domestic fixed capital formation 70
(iv) Opening stock 15
(v) Compensation of employees 250
(vi) Closing stock 25
(vii) Imports 20
(viii) Rent 75
(ix) Consumption of fixed capital 10
(x) Net direct taxes 25
(xi) Interest 25
(xii) Net factor income from abroad -5
(xiii) Exports 10
(xiv) Profit 100

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Q.8. From the following data, calculate National Income by Income and Expenditure methods: (5)
Particulars ₹ in crores
(i) Government final consumption expenditure 100
(ii) Subsidies 10
(iii) Rent 200
(iv) Wages and salaries 600
(v) Indirect taxes 60
(vi) Private final consumption expenditure 800
(vii) Gross domestic capital formation 120
(viii) Social security contribution by employer 55
(ix) Royalty 25
(x) Net factor income paid to abroad 30
(xi) Interest 20
(xii) Consumption of fixed capital 10
(xiii) Profit 130
(xiv) Net exports 70
(xv) Change in stock 50

Q.9. Calculate National Income and Depreciation from the following data: (5)
Particulars ₹ Crores
(i) Net indirect tax 5
(ii) Net domestic fixed capital formation 100
(iii) Net imports (-)20
(iv) Government final consumption expenditure 200
(v) Gross domestic fixed capital formation 125
(vi) Private final consumption expenditure 600
(vii) Change in stocks 10
(viii) Net factor income from abroad 5

Q.10. Calculate National Income: (5)

Particulars ₹ in crores
(i) Rent 60
(ii) Interest 40
(iii) Profit net of corporate profit tax 20
(iv) Corporate profit tax 5
(v) Net factor income received from abroad (-)5
(vi) Compensation of employees 600
(vii) Indirect taxes 80
(viii) Subsidies 10
(ix) Dividend 7

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Q.11. From the following data, calculate (a) Gross Domestic Product at Factor Cost and (b) Factor Income To Abroad:
(5)
Particulars
₹ in Crores
(i) Compensation of employees 800
(ii) Profits 200
(iii) Dividends 50
(iv) Gross national product at market price 1,400
(v) Rent 150
(vi) Interest 100
(vii) Gross domestic capital formation 300
(viii) Net fixed capital formation 200
(ix) Change in stock 50
(x) Factor income from abroad 60
(xi) Net indirect taxes 120

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