Scanner Chapter 3 & 4 - Economics (2008-12) | Economics Class 12 - Commerce PDF Download

(Q1) What is the difference between planned and unplanned inventory accumulation? Write down the relation between change in inventories and value added of a firm.
( Ans. Change in inventory = Value added + I.C - Sales )

(Q2) Write down the three identities of calculating the GDP of a country by the three methods. Also briefly explain why each of these should give us the same value of GDP.

(Q3) Suppose the GDP at market price of a country in a particular year was Rs.1,100 crores. Net Factor Income from Abroad was Rs.100 crores. The value of Indirect taxes – Subsidies was Rs.150 crores and National Income was Rs.850 crores. Calculate the aggregate value of
depreciation. ( Ans. 200 cr )

(Q4) Net National Product at Factor Cost of a particular country in a year is Rs.1,900 crores. There are no interest payments made by the households to the firms/government, or by the firms/government to the households. The Personal Disposable Income of the households is
Rs.1,200 crores. The personal income taxes paid by them is Rs.600 crores and the value of retained earnings of the firms and government is valued at Rs.200 crores. What is the value of transfer payments made by the government and firms to the households ? ( Ans. 100 cr )

(Q5) From the following data, calculate Personal Income and Personal Disposable Income.

                                                                Rs. (crore)
(a) Net Domestic Product at factor cost        8,000
(b) Net Factor Income from abroad               200
(c) Undisbursed Profit                                 1,000
(d) Corporate Tax                                         500
(e) Interest Received by Household             1,500
(f) Interest Paid by Households                   1,200
(g) Transfer Income                                      300
(h) Personal Tax                                           500
                                                                                                        ( Ans. 7300 cr , 6800 cr )
(Q6) In a single day Raju, the barber, collects Rs.500 from haircuts; over this day, his equipment depreciates in value by Rs.50. Of the remaining Rs.450, Raju pays sales tax worth Rs.30, takes home Rs.200 and retains Rs.220 for improvement and buying of new equipment. He
further pays Rs.20 as income tax from his income. Based on this information, complete Raju’s contribution to the following measures of income
(a) Gross Domestic Product
(b) NNP at market price
(c) NNP at factor cost
(d) Personal income
(e) Personal disposable income.
                                                                                                   ( Ans. 500 , 450 , 420 , 200 , 180 )
(Q7) The value of the nominal GNP of an economy was Rs.2,500 crores in a particular year. The value of GNP of that country during the same year, evaluated at he prices of same base year, was Rs.3,000 crores. Calculate the value of the GNP deflator of the year in percentage terms. Has the price level risen between the base year and the year under consideration ?
                                                                                             ( Ans :: no price has fallen by 16.67 % )

(Q8) Write down some of the limitations of using GDP as an index of welfare of a country.

(Q9) Give reasons for not including leisure in GNP ?

(Q10) Which of goods - intermediate goods or final goods are taken in estimation of national income and Why ?

(Q11) Distinguish between consumption of fixed capital and capital loss ? Why does an enterprise make provision for depreciation ?

(Q12) If domestic income is 200 cr and national income 190 cr . Find NFYA ?

(Q13) How is income generated in Production Process ? or How the sum of net value added is equal to factor payment ?

(Q14) Explain components of Domestic factor income ?

(Q15) If person ‘A’ sells scooter to person ‘B’ through commission agent ‘C’.How these will effect N.Y ?

C.B.S.E QUESTIONS

(Q1) Explain the expenditure method of estimating national income .

(Q2) Explain the term ‘ compensation of employee’ and its components. Giving reasons, state
whether the following are treated as compensation of employees :
(a) Gifts by employee
(b) Bonus

(Q3) Distinguish between the following giving suitable example
(a) Domestic product and National product
(b) Intermediate good and Final good

(Q4 ) Distinguish between National income and net National disposable Income.

(Q5) Distinguish between a factor payment and a transfer payment. Giving reasons, state whether the following are included in national income or not.
(i) Brokerage payment on sale of shares.
(ii) Interest payment on loan taken by an individual to buy a motor cycle.
(iii) Festival gift by an employer to his employees.

(Q6) Categorise the following into intermediate goods and final goods.
(a) A new car purchased by a taxi-driver.
(b) Stationery purchased by the Government.
(c) Wheat purchased by households.
(d) Purchase of equipments for installation in a factory.
(e) Purchase of food items by a hotel.
(f) Purchase of armaments by military.

(Q7) Classify the following into factor income and transfer receipt.
(i) Employers’ contribution to social security schemes.
(ii) Scholarships given to students by the govt.
(iii) Old age pension given by the government.
(iv) Bonus given to employees by employer

(Q8) Will the following be included or not in the domestic factor income of India?
(i) Wages paid to a non-resident Indian working in an Indian company in Singapore.
(ii) Salaries of non-residents working in Indian embassies.
(iii) Profits earned by company in India owned by the non-residents.
(iv) Profits earned by a branch of State Bank of India in England.

(Q9) How are the following treated while estimating expenditure on gross domestic product?
(i) Expenditure incurred on purchase of second hand goods.
(ii) Expenditure incurred on purchase of new shares of a company.
(iii) Government expenditure on old age pension.
(iv) Expenditure incurred by a shopkeeper on purchase of garments from a garment manufacturer.

(Q10) Giving reasons, state whether the following are included in national income :
(i) Transport expenses by a firm.
(ii) Expenditure on construction of a house.
(iii) Gift received from employer
(iv) Purchase of a machine by a factory
(v) Salary received by an Indian resident working in US embassy in New Delhi.
(vi) Interest paid on loan taken to buy a personal car.
                                                                                           (Ans. No, Yes, No, Yes, Yes, Yes)

(Q11)How are the following treated while estimating private final consumption expenditure ?
Give reason
(a) Exports
(b) Direct purchases made abroad by resident households
(c) Final consumption expenditure of non-profit institutions serving household
(d) Change in stocks
                                                                                                    (Ans No , Yes , Yes ,No)
(Q12) Will the following be a part of domestic factor income of India ? Give reasons for your
answer. (i) Old age pension given by the government.
(ii) Factor income from abroad.
(iii) Salaries to Indian residents working in Russian Embassy in India.
(iv) Profits earned by a company in India, which is owned by a non-resident.

(Q13) Will the following be included in the national income of a country ? Give reasons for your answer.
(i) School fees paid by students.
(ii) Purchase of new shares of a domestic firm.
(iii) Gifts received from abroad.
(iv) Furniture purchased by households.
                                                                                                        ( Ans. Yes, No, No, Yes )
SAMPLE PAPER’ 08
(Q1) From the following data calculate national income :
                                                    Rs.(Crores)
(i) Compensation of employees         800
(ii) Rent                                           200
(iii) Wages and salaries                    750
(iv) Net exports                               (-30)
(v) Net Factor income from abroad    (-20)
(vi) Profit                                         300
(vii) Interest                                    100
(viii) Depreciation                             50

(Q2) Calculate Gross domestic product of factor cost. from the following data.
                                                                       (Rs.Crores)
(i) Private final consumption expenditure               800
(ii) Net domestic capital formation                        150
(iii) Change in stock                                             30
(iv) Net factor income from abroad                        (-) 20
(v) Net indirect tax                                               120
(vi) Government final consumption expenditure       450
(vii) Net exports                                                   (-) 30
(viii) Consumption of fixed capital                           50

(Q3) Calculate Gross National Product at Market Price and Personal Disposable Income from
the following data                                                     (Rs. crores)
(i) Subsidy                                                                  20
(ii) Net factor income from abroad                                 (-) 60
(iii) Gross national disposable income                            1050
(iv) Personal Tax                                                          110
(v) Savings of private corporations                                 40
(vi) National income                                                      900
(vii) Indirect tax                                                            100
(viii) Corporation tax                                                      90
(ix) Net national disposable income                                1000
(x) National debt interest                                                30
(xi) Net current transfers from abroad                              20
(xii) Current transfers from government                            50
(xiii) Miscellaneous receipts of the government
administrative departments                                            30
(xiv) Private income                                                      700

(Q4) From the following data relating to a firm, calculate its net value added at factor cost :
                                        (Rs. crores)
(i) Subsidy                               40
(ii) Sales                                  800
(iii) Depreciation                         30
(iv) Exports                               100
(v) Closing stock                        20
(vi) Opening stock                      50
(vii) Intermediate purchases        500

(Q5) From the following data calculate National Income by Income and Expenditure methods :
                                                                         (Rs. crores)
(i) Government final consumption expenditure              100
(ii) Subsidies                                                              10
(iii) Rent                                                                    200
(iv) Wages and salaries                                              600
(v) Indirect tax                                                             60
(vi) Private final consumption expenditure                      800
(vii) Gross domestic capital formation                           120
(viii) Social security contributions by employers              55
(ix) Royalty                                                                  25
(x) Net factor income paid to abroad                               30
(xi) Interest                                                                   20
(xii) Net domestic capital formation                                110
(xiii) Profit                                                                    130
(xiv) Net exports                                                            70

(Q6) Calculate Gross National Disposable Income and Personal Income from the following
data :
(i) Personal tax                                                          120
(ii) Net indirect tax                                                      100
(iii) Corporation tax                                                      90
(iv) National income                                                    1000
(v) Net factor income from abroad                                  5
(vi) Consumption of fixed capital                                   50
(vii) National debt interest                                             70
(viii) Retained earnings of private corporate sector          40
(ix) Net current transfers to the rest of the world.            (-)20
(x) Current transfers from government                            30
(xi) Share of government in national income                    80

(Q7) How will you treat the following while estimating domestic product of India?
(i) Rent received by a resident Indian from his property in Singapore.
(ii) Salaries to Indians working in Japanies Embassy in India.
(iii) Profits earned by a branch of an American Bank in India.
(iv) Salaries paid to Koreans working in Indian embassy in Korea.

C.B.S.E 2008

(Q1) Calculate Net Value Added at factor cost from the following data: (Rs. Lakhs)
(i) Depreciation 20                                       (ii) Intermediate cost 90
(iii) Subsidy 5                                             (iv) Sales 140
(v) Exports 7                                              (vi) Change in stock (-) 10
(vii) Imports of raw materials 3

(Q2) Calculate Gross Value Added at Market Price from the following data: (Rs. lakhs)
(i) Depreciation 15                                                  (ii) Sales in the domestic market 250
(iii) Exports 50                                                       (iv) Opening stock 20
(v) Purchase of raw material 150                             (vi) Closing stock 30
(vii) Import of raw marterial 25

(Q3) Calculate ‘National Income’ and ‘Private Income’ from the following data:
                                                                              (Rs. crores)
(i) Net C.T to the rest of the world                                   10
(ii) Private final consumption expenditure                        600
(iii) National debt interest                                                15
(iv) Net expots                                                               (-) 20
(v) Current transfers from government                               5 
(vi) N. D. P at factor cost accruing to government              25
(vii) Government final consumption expenditure                 100
(viii) Net indirect tax                                                         30
(ix) Net domestic capital formation                                    70
(x) Net factor income from abroad                                     10

(Q4) Calculate ‘Gross National Product at Market Price’ and ‘Personal Income ‘from the
following data:                                                                  (Rs. crores)
(i) Corporation tax                                                                 35
(ii) Wages and salaries                                                          200
(iii) National debt interest                                                       25
(iv) Operating surplus                                                            400
(v) Net current transfers from abroad                                       15
(vi) Net Factor income from abroad                                         (-) 10
(vii) Consumption of Fixed Capital                                           20
(viii) Social security Contribution by employer                           30
(ix) Net Indirect Tax                                                                40
(x) Net domestic product at factor cost accuring
to pvt. sector                                                                        500
(xi) Current transfer from govt.                                                   5

(Q5) Calculate ‘Gross Value Added at Factor Cost’ from the following data: (Rs. lakhs)
(i) Sales tax 20                                (ii) Sales 400
(iii) Purchase of raw material 250       (iv) Excise duty 30
(v) Change in stocks (-) 40                (vi) Import of raw material 12
(vii) Depreciations 9

(Q6) Calculate ‘Net National Product at Market Price’ and ‘Private Income’ from the following
data:                                                                      (Rs. crores)
(i) Net Factor income from abroad                              (-) 5
(ii) Private final consumption expenditure                    100
(iii) personal tax                                                         20
(iv) Gross national disposable income                         170
(v) Government final consumption expenditure              20
(vi) Corporation tax                                                     15
(vii) Gross domestic capital formation                          30
(viii) Personal disposable income                                 70
(ix) Net exports                                                          (-) 10
(x) Saving of private corporate sector                            5
(xi) Net national disposable income                              145

(Q7) Giving reasons, explain how the following are treated in estimating national income: (6M)
(i) Wheat grown by a farmer but used entirely for family’s consumption.
(ii) Earnings of the shareholders from the sale of shares.
(iii) Expenditure by government on providing free education

(Q8) Are the following a part of a country’s ‘net domestic product at market price’ ? Explain.
(i) Net indirect taxes
(ii) Net exports
(iii) Net factor income from abroad
(iv) Consumption of fixed capital.
                                                                                                   (Ans. Yes, Yes, No, No)
(Q9) Giving reasons explain how the following are treated while estimating national income :
(i) Payment of fees to a lawyer engaged by a firm;
(ii) Rent free house to an employee by an employer;
(iii) Purchases by foreign tourists.

Answers :: (1) 25 lakhs , (2) 135 , (3) 730 , 715 crores (4) 680,500 crores , (5) 48 Lakhs, (6)
 110 cr , 110 cr )

C.B.S.E 2009

(Q1) Give the meaning of factor income to abroad and factor income from abroad. Also give an
example of each. OR
Distinguish between domestic product and national product. When can domestic product be
more than national product ?

(Q2) While estimating national income, how will you treat the following ? Give reasons for your

answer.

(i) Imputed rent of self occupied houses.
(ii) Interest received on debentures.
(iii)Financial help received by flood victims.
(iv) Capital gain on sale of a house
(v) Prize won in a lottery
(vi) Interest on public debt

(Q3) How will you treat the following while estimating domestic factor income of India ? Give reasons for your

answer.
(i) Remittances from non-resident Indians to their families in India.
(ii) Rent paid by the embassy of Japan in India to a resident Indian.
(iii) Profits earned by branches of foreign bank in India.

(Q4) How will you treat the following while estimating national income of India ? Give reasons for
your answer. (Set 2)
(i) Salaries received by Indian residents working in Russian Embassy in India.
(ii) Profits earned by an Indian bank from its branches abroad.
(iii) Entertainment tax received by the government.

(Q5) How will you treat the following while estimating national income of India ? Give reasons for
your answer. (Set 3)
(i) Salaries paid to Russians working in Indian Embassy in Russia.
(ii) Profits earned by an Indian company from its branch in Singapore.
(iii) Capital gains to Indian residents from sale of shares of a foreign company.

(Q6) From the following data, calculate “national income” by

(a) income method and
(b) expenditure method :
                                                                            (Rs. in crores)
(i) Interest                                                                       150
(ii) Rent                                                                           250
(iii) Government final consumption Expenditure                   600
(iv) Private final consumption expenditure                          1200
(v) Profits                                                                        640
(vi) Compensation of employees                                       1000
(vii) Net factor income to abroad                                        30
(viii) Net indirect taxes                                                      60
(ix) Net exports (-)                                                            40
(x) Consumption of fixed capital                                         50
(xi) Net domestic capital formation                                    340                       (Ans 2010 , 2010 cr)

SAMPLE PAPER + C.B.S.E 2010

(Q1) Distinguish between real and nominal gross domestic product.                         (3M)
(Q2) Giving reason, classify the following into intermediate and final goods :             (3M)
(i) Machines purchased by dealer of machines.
(ii) A car purchased by a household.

(Q3) Give the meaning of Nominal GDP and Real GDP. Which of these is the indicator of
economic welfare?                                                                                              (3M)
(Q4) ‘Machine’ purchased is always a final good.’ Do you agree? Give reasons for your answer.
                                                                                                                         (3M)
(Q5) How will you treat the following whil estimating national income of India ? Give reasons for
your answer.                                                                                                        (6M)
(i) Dividend received by a foreigner from investment in share of an Indian company.
(ii) Profits enarned by a branceh of an Indian bank in Canada.
(iii) Scholarship given to Indain students studying in India by a foreign company.

(Q6) State whether the following statements are true or false. Give reasons for your answer:
                                                                                                                           (6M)
(a) Capital formation is a flow.
(b) Bread is always a consumer good.
(c) Nominal GDP can never be less than Real GDP.
(d) Gross domestic capital formation is always greater than gross fixed capital formation.

(Q7) Giving reasons, state whether the following statements are true or false.
(i) Real gross domestic product can be equal to nominal gross domestic product.
(ii) Savings are a stock.
(iii) Butter is only a final product.

(Q8) Explain the problem of double counting in estimating national income, with the help of an
example. Also explain two alternative ways of avoiding the problem.                           (6M)

(Q9) How will you treat the following while estimating national income of India :
(a) Dividend received by an Indian from his investment in shares of a foreign company;
(b) Money received by a family in India from relatives working abroad;
(c) Interest received on loans given to a friend for purchasing a car.

(Q10) Calculate gross fixed capital formation from the following data: (3M)
                                                                                          Rs. crores
(i) Private final consumption expenditure                                 1,000
(ii) Government final consumption expenditure                         500
(iii) Net exports                                                                      (-) 50
(iv) Net factor income from abroad                                           20
(v) Gross domestic product at market price                              2,500
(vi) Opening stock                                                                  300
(vii) Closing stock                                                                  200              ( Ans 1150 crore )

(Q11) Calculate (a) Gross domestic product at market price, and (b) Factor income form abroad
from the following data :                                              (Rs. in crores)                     (6M)
(i) Profits                                                                        500
(ii) Exports                                                                     40
(iii) Compensation of employees                                      1,500
(iv) Gross national product at factor cost                          2,800
(v) Net current transfers from rest of the world                   90
(vi) Rent                                                                        300
(vii) Interest                                                                   400
(viii) Factor income to abroad                                          120
(ix) Net indirect taxes                                                      250
(x) Net domestic capital formation                                    650
(xi) Gross fixed capital formation                                      700
(xii) Change in stock                                                        50                           (Ans 3050 , 120)

(Q12) From the following data calculate, (a) Gross domestic product at market price, and
                                                           (b) Factor income to abroad :
                                                                                   (Rs. in crores)
(i) Compensation of employees                                         1,000
(ii) Net exports                                                                  (-) 50
(iii) Profits                                                                         400
(iv) Interest                                                                       250
(v) Rent                                                                            150
(vi) Gross national product at factor cost                             1,850
(vii) Gross domestic capital formation                                 220
(viii) Net fixed capital formation                                          150
(ix) Change in stock                                                           20
(x) Factor income from abroad                                            30
(xi) Net indirect taxes                                                        100         ( Ans 1950 , 30 )

(Q11) From the following data calculate (a) Gross domestic product at market price, and
(b) Factor income from abroad :
                                                                 (Rs. in crores)
(i) Gross national product at factor cost          6,150
(ii) Net exports                                             (-) 50
(iii) Compensation of employees                    3,000
(iv) Rent                                                      800
(v) Interest                                                  900
(vi) Profit                                                    1,300
(vii) Net indirect taxes                                  300
(viii) Net domestic capital formation               800
(ix) Gross fixed capital formation                   850
(x) Change in stock                                      50
(xi) Dividend                                                300
(xii) Factor income to abroad                         80         ( Ans 6400 cr , 130 cr )

C.B.S.E PAPER 2011
 

(Q1) Define ‘depreciation’. (1 mark)

(Q2) Explain how ‘non-monetary exchanges’ are a limitation in taking gross domestic product
as an index of welfare. (3 marks)

(Q3) Giving reasons, explain the treatment assigned to the following while estimating national
income : (4 marks)
(i) Family members working free on the farm owned by the family.
(ii) Payment of interest on borrowings by general government.
Ans. Both not included.

(Q4) Giving reasons, explain the treatment assigned to the following while estimating national
income : (4 marks)
(i) Social security contributions by employees.
(ii) Pension paid after retirement.
Ans. (i) No, (ii) Yes.

(Q5) Giving reasons, explain the treatment assigned to the following while estimating national
income : (4 marks)
(i) Expenditure on maintenance of a building.
(ii) Expenditure on adding a floor to the building.
Ans. (i) No, (ii) Yes.

(Q6) Giving reasons classify the following into intermediate products and final products :
(i) Furniture purchased by a school.
(ii) Chalks, dusters, etc. purchased by a school.

(Q7) Giving reasons classify following into intermediate products and final products :
(i) Computers installed in an office.
(ii) Mobile sets purchased by a mobile dealer.

(Q8) Calculate (a) ‘Net Domestic Product at Factor Cost’ and
(b) ‘Private Income’ from the following : (6 marks)
                                                                    (Rs. crore)
(i) Domestic product accruing to government     300
(ii) Wages and salaries                                   1000
(iii) Net current transfers to abroad                   (-) 20
(iv) Rent                                                        100
(v) Interest paid by the production units           130
(vi) National debt interest                                30
(vii) Corporation tax                                        50
(viii) Current transfers by government              40
(ix) Contribution to social security schemes

by employers                                                200
(x) Dividends                                                100
(xi) Undistributed profits                                  20
(xii) Net factor income to abroad                       0
( Ans. 1390 crore. )

(Q9) Calculate (a) ‘Net National Product at Market Price’ and (b) ‘Private Income’ from the
following : (6 marks)
                                                                           (Rs. crore)
(i) Net current transfers to abroad                            10
(ii) Mixed income                                                    600
(iii) Subsidies                                                         20
(iv) Operating surplus                                              200
(v) National debt interest                                         70
(vi) Net factor income to abroad                               10
(vii) Compensation of employees                             1400
(viii) Indirect tax                                                     100
(ix) Domestic product accruing to government           350
(x) Current transfers by government                          50
                                                                                    ( Ans. 2270 crore, 1950 crore. )

(Q10) Calculate (a) ‘Gross National Product at Market Price’ and (b) ‘Personal Disposable Income’ from the following : (6 marks)
                                                                                (Rs. crore)
(i) Net factor income to abroad                                       10
(ii) Private income                                                         1700
(iii) Operating surplus                                                      300
(iv) Corporation tax                                                         150
(v) Undistributed profits                                                   30
(vi) Mixed income                                                           500
(vii) Consumption of fixed capital                                     100
(viii) Personal taxes                                                        200
(ix) Compensation of employees                                      1200
(x) Net indirect tax                                                            250
                                                                                  ( Ans. (a) 2340 cr. , (b) 1320 cr. )

C.B.S.E PAPER 2012

(Q1) Define consumption goods. (1 mark)

(Q2) Giving reason, explain how should the following be treated while estimating national
income : (4 marks)
(i) Expenditure on free services provided by government
(ii) Payment of interest by a government firm.

(Q3) Should the following be treated as final expenditure or intermediate expenditure ? Give
reasons for your answer. (4 marks)
(i) Purchase of furniture by a firm.
(ii) Expenditure on maintenance by a firm.

Ans. (i) Final, (ii) Intermediate.

(Q4) How should the following be treated while estimating National Income ? Give reasons.
(i) Expenditure on education of children by a family.
(ii) Payment of electricity bill by a school. (4 marks)

(Q5) How will you treat the following in the calculation of Gross Domestic Product of India ? Give
reasons for your answer.
(i) Profits earned by a branch of foreign bank in India.
(ii) Salaries of Indian employees working in embassy of Japan in India.
(iii) Salary of residents of Japan working in Indian embassy in Japan.
(Ans ::Yes , No , Yes )

(Q6) Giving reason explain how should the following be treated in estimating national income:
(i) Expenditure on fertilizers by a farmer.
(ii) Purchase of tractor by a farmer.

(Q7) Giving reason explain how should the following be treated in estimating national income :
(i) Payment of bonus by a firm.
(ii) Payment of interest on a loan taken by an employee from the employer.

(Q8) Giving reason explain how should the following be treated in estimating national income :
(i) Interest paid by banks on deposits by individuals.
(ii) National debt interest.

(Q9) Find Gross Value Added at Factor Cost :
(i) Units of output sold                          2,000
(ii) Price per unit of output (Rs.)            20
(iii) Depreciation (Rs.)                          2,000
(iv) Change in stock (Rs.)                    (-) 500
(v) Intermediate costs (Rs.)                 15,000
(vi) Subsidy (Rs.)                                3,000
                                                    ( Ans. 27,500 )

(Q10) Find Net Value Added at Market Price : (3 marks)
(i) Depreciation (Rs.)                            700
(ii) Output sold (units)                          900
(iii) Price per unit of output (Rs.)            40
(iv) Closing stock (Rs.)                       1,000
(v) Opening stock (Rs.)                        800
(vi) Sales Tax (Rs.)                            3000
(vii) Intermediate cost (Rs.)                20,000
                                                              ( Ans. 15,500. )

(Q11) Find out Net Value Added at Factor Cost : (3 marks)
(i) Price per unit of output (Rs.)                 25
(ii) Output sold (units)                              1,000
(iii) Excise duty (Rs.)                               5,000
(iv) Depreciation (Rs.)                              1,000
(v) Change in stocks (Rs.)                        (-) 500
(vi) Intermediate costs (Rs.)                     7,000
                                                               Ans. 11,500

(Q12) Find out : (i) Gross National Product at Market Price and
(ii) Net Current Transfers to Abroad
                                                                 Rs. Crore
(i) Private final consumption expenditure         1000
(ii) Depreciation                                             100
(iii) Net national disposable income                 1500
(iv) Closing stock                                            20
(v) Government final consumption expenditure  300
(vi) Net indirect tax                                          50
(vii) Opening stock                                         20
(viii) Net domestic fixed capital formation        110
(ix) Net exports                                              15
(x) Net factor income to abroad                       (-) 10
( Ans. 1535 crore, -65 crore )

(Q13) Find out : (i) Net National Product at Market Price and
(ii) Gross National Disposable Income form the following :
                                                                       Rs. crore
(i) Undistributed profits                                        20
(ii) Compensation of employees                           800
(iii) Rent                                                            300
(iv) Dividend                                                      100
(v) Royalty                                                         40
(vi) Net current transfers to abroad                       (-) 30
(vii) Corporation tax                                             50
(viii) Interest                                                      400
(ix) Depreciation                                                 70
(x) Net factor income from abroad                       (-) 10
(xi) Net indirect tax 60
                                                             ( Ans. (i) 1700 crore, (ii) 1800 crore. )