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With the help of appropriate examples, briefly discuss Real GDP and Nominal GDP.
Concept: Real GDP and Nominal GDP
Calculate GDPmp and NNPfc by Value Added method from the following data.
| PARTICULARS | (₹crores) | |
| (i) | Net value added at factor cost in the Primary sector | 6000 |
| (ii) | Net value added at factor cost in the Secondary sector | 4000 |
| (iii) | Net value added at factor cost in the Tertiary sector | 4500 |
| (iv) | Net Factor Income from Abroad | (-) 50 |
| (v) | Net Indirect taxes | 150 |
| (vi) | Intermediate consumption | 2500 |
| (vii) | Depreciation | 500 |
Concept: National Income Aggregates >> Net National Product (NNP)
Calculate GNPMP and NNPFc from the following data by Expenditure Method.
| PARTICULARS | (₹ crores) | |
| (i) | Mixed income of self employed | 550 |
| (ii) | Private Final Consumption Expenditure | 1100 |
| (iii) | Net factor income from abroad | (-)120 |
| (iv) | Net indirect taxes | 250 |
| (v) | Consumption of fixed capital | 270 |
| (vi) | Net domestic capital formation | 480 |
| (vii) | Net exports | (-)130 |
| (viii) | Interest | 300 |
| (ix) | Government Final Consumption Expenditure | 650 |
Concept: National Income Aggregates >> Net National Product (NNP)
Differentiate between personal income and private income.
Concept: Private Income
Calculate GDPmp and NNPfc from the following data:
| Items | ₹ (in Crore) | |
| (i) | Wages & salaries | 170 |
| (ii) | Rent | 10 |
| (iii) | Interest | 20 |
| (iv) | Profits | 25 |
| (v) | Dividend | 12 |
| (vi) | Royalty | 5 |
| (vii) | Employer’s contribution to social security | 30 |
| (viii) | Net factor income from abroad | (-) 3 |
| (ix) | Consumption of fixed capital | 34 |
| (x) | Net indirect tax | 38 |
Concept: National Income Aggregates >> Net National Product (NNP)
Calculate GNPmp using Income method and Expenditure method from the following data:
| Items | ₹ (in Crore) | |
| (i) | Private final consumption expenditure | 800 |
| (ii) | Net exports | 20 |
| (iii) | Rent | 40 |
| (iv) | Interest | 60 |
| (v) | Government final consumption expenditure | 200 |
| (vi) | Profit | 120 |
| (vii) | Net domestic capital formation | 100 |
| (viii) | Compensation of employees | 800 |
| (ix) | Net indirect taxes | 100 |
| (x) | Consumption of fixed capital | 20 |
| (xi) | Net factor income from abroad | (−) 30 |
Concept: National Income Aggregates >> Gross National Product at Market Price
From the following data, calculate GNPMP and NNPFC by Expenditure Method.
| ₹ (in crore) | |
| (i) Mixed income of self-employed | 450 crores |
| (ii) Compensation of employees | 550 crores |
| (iii) Private final consumption expenditure | 1000 crores |
| (iv) Net factor income from abroad | (−)20 crores |
| (v) Net indirect taxes | 150 crores |
| (vi) Consumption of fixed capital | 170 crores |
| (vii) Net domestic capital formation | 380 crores |
| (viii) Net exports | (−)30 crores |
| (ix) Profits | 400 crores |
| (x) Rent | 150 crores |
| (xi) Interest | 200 crores |
| (xii) Government final consumption expenditure | 550 crores |
Concept: Methods of Measurement of National Income >> Expenditure Method
Explain the steps involved in calculating the National income by Income method.
Concept: Methods of Measurement of National Income >> Income Method
State whether the following items will be included in the estimation of National Income or not: Give a reason for your answer.
Government expenditure on street lighting.
Concept: Methods of Measurement of National Income >> Expenditure Method
Calculate National Income using Income method and Output method.
| PARTICULARS | (₹ crores) | |
| (i) | Value of output | 1200 |
| (ii) | Wages and salaries | 165 |
| (iii) | Rent | 60 |
| (iv) | Subsidies | 15 |
| (v) | Mixed Income of self employed | 180 |
| (vi) | Employer's contribution to social security | 15 |
| (vii) | Value of intermediate consumption | 600 |
| (viii) | Interest | 7 |
| (ix) | Factor income earned from abroad | 15 |
| (x) | Indirect taxes | 90 |
| (xi) | Profits | 23 |
| (xii) | Depreciation | 75 |
| (xiii) | Factor income paid abroad | 30 |
Concept: Methods of Measurement of National Income >> Income Method
With reference to the diagram shown above, select the reason for the movement from point M to N from the following options.
Concept: Methods of Measurement of National Income >> Income Method
Explain the different components of Final Expenditure in calculating the National income by Expenditure method.
Concept: Methods of Measurement of National Income >> Expenditure Method
How old was Jem when he broke his arm?
Concept: Prose and Drama
The first chapter focusses on telling stories. This primarily serves to ______.
Concept: Prose and Drama
What literary significance does Mr Radley’s sealing the knot-hole in the tree have?
Concept: Prose and Drama
Which one of the following lines from the novel is thematically significant?
Concept: Prose and Drama
According to legend, who was Bon Bibi’s father?
Concept: Prose and Drama
Statement 1: There was no bindi on her forehead and her arms were free of bangles.
Statement 2: Kanai was convinced that she was a foreigner.
Concept: Prose and Drama
Why was Nirmal obsessed with Morichjhapi?
Concept: Prose and Drama
What was the fate of Lucy Hamilton?
Concept: Prose and Drama
