National Income Practice Questions
National Income Practice Questions
National Income Practice Questions
Sales 100
(iii) Closing stock 10
(W)Indirect taxes 5
(v) Intermediate consumption 30
Opening stock 20
(vii) Consumption of fixed capital 15
NDPFc-
5. Calculate 'value of output' from the following data:
Particulars in lakhs
Subsidy 10
Intermediate consumption 150
(iii) Net addition to stocks
(-)13
(W)Depreciation 30
(v) Goods and Services Tax 20
(vi) Net value added at factor cost 250
Value of output
6. Calculate value of output and gross value added at market price
Particulars in crores
Opening stock 1,ooo
Closing stock 800
(iii) Purchase of raw materials 200
(iv) Sales 10,000
m e a s ureme nt ot National Income
(W) Depreciation 30
Intermediate Consumption«-
Calculate Net Value Added at Factor Cost (NVAFC)from the following data: {CBSE,2020(58/4/1)}
Particulars in crores
Value of Output 800
IntermediateConsumption 200
(ii) Indirect Taxes 30
(W)Depreciation 20
(v) Subsidies 50
(vi) Purchase of Machinery 50
Net ValueAdded at Factor Costr-
8. Calculate Net Value Added at Factor Cost: {CBSE,
Delhi2012(Il))
Particulars
Consumption of fixed capital
(1) Goods and Services Tax or GST' (C)
(N)Output sold (units) 2,000
(W)Price unit of output 10
(y) N« change in stocks (V) (-) 50
M) Viermediate (V) 10,ooo
500
duty given in t'E question earlier has ben replaced by GST.
[CBsr, Delhi 2012 (Ill))
9. Calculate Net Value Added at Market Price:
Particulars
800
(i) Output sold (units)
20
Price per unit of output (O
2,000
(iii) Goods and Services Tax or GT g)
(-) 500
(iv) Net change in stocks R)
1,000
(v) Depreciation
8,000
M) Intermediate cost (V)
repla—
'Import duty given in the question earlier has been
11. Calculate 'Sales' from the following data: {CBSE,AII India 2013}
Particulars in lakhs
Subsidies 200
Opening stock 100
(iii) Closing stock
(iv) Intermediate consumption 3,000
(v) Consumption of fixed capital 700
(vi) Profit 750
(vii) Net value added at factor cost 2,000
IZ Suppose firm A sold timber produced in its forest to firm B for 1,000 and firewood to consumers for fuel
for 500. Firm B converted logs into slippers and partly sold to furniture making firm C for 800 and the
remaining to private consumers for 700. Firm C sold furniture worth 1,000 to private consumers and the
remaining to a government office for 500. Calculate:
(i) Values added by firm A, firm B and firm C.
(ii) Total value of output.
13. You are given following information about four producers A, B, C and D in an economy. A sells 300 worth
of his output to B, 200 worth of his output to C and 500 worth of output to households. The sales OfB
to A, C and D are worth 400, 200 and 300 respectively.C sells to A, B and D output worth 100 each
Sales by C to households are worth 900. D sells to households output worth 700. His exports are worth
300 while stock worth 200 remains unsold with D. Estimate the value added by.
(i) A, B, C and D separately.
(Il) All of them together.
suppose firm A sold raw material to firm B for 1,000 and to firm C for 600. Firm B sold its product partly
to privateconsumers for 800 and the remaining product was exported for 600. Firm C part of its product
to the govemment for 500 for public consumption and the remaining product worth 500 was unsold
stock left with it. (Assume that firm A buys no raw material). (i) Find the value added by firm A, firm B and
fim C. (ii)Total Consumption Expenditure.
In an economy, the following transactions take place and the final sale is for private consumption. A, B, C
and D are four industries. A sells to B for 20,000. B whose value added is 40,000, sells half of its output
to C and another half to D. C sells all its output to D. D'S whose value added is 30,000, sells all its output
to final product for 1 What is value added by C?
Value Added by C =
(vi) Profits
(vii) Employers'contribution to social security schemes 50
(viii) Net factor income from abroad -10
(ix) Consumption of fixed capital 50
(x) Net indirect taxes 50
National Income
17. Calculate NNP at FC.
Particulars in crores
Net current transfers from rest of the world 80
(ii) Wages and Salaries
(iii) Net indirect taxes 75
(iv) Net Factor income from abroad -20
(v) Rent and interest 160
(vi) Corporation tax 40
(vii) Mixed Income of the self-employed 280
(viii) Undistributed profit 60
Dividend 20
(x) Consumption of fixed capital 120
NNPFc—
18. Calculate GNP at MP in crores
Particulars 600
(l) Compensation 350
(ii) Rent and interest 200
(iii) Profit 160
(iv) Indirect Tax 200
(v) Consumption of fixed capital 850
(vi) Mixed Income of the self-employed
(vii) Subsidies 850
world
(viii) Net current transfers from rest of the (-)100
(i)O Net Factor income from abroad
20. Calculate 'Gross National Product at Market Price"from the following data:
{CBSE,All India 2013)
Particulars in crores
Compensation of employees 2,000
Interest 500
(ii)
Rent 700
(iii)
(iv) Profits 800
Employers' contribution to social security schemes 201
(v)
(vi) Dividends 300
Consumption of fixed capital 100
(vii)
(viii) Net indirect taxes 250
(ix) Net exports 70
(x) Net factor income to abroad 150
22. On the basis of following data, prove that 'Net Value Added at Factor Cost' is equal to 'Income Generated'.
Particulars in crores
Addition to stock 1,ooo
(ii) Sales 10,000
(iii) Net indirect taxes
(iv) Purchase of raw material 1,650
(v) Expenses on Power 850
Consumption of fixed capital 500
(vii) Rent 700
(viii) Compensation of Employees 3,500
(ix) Interest 1,000
(x) Dividend 1,500
(xi) Corporate gains tax 300
(xii) Undistributed profit 200
23'. From the following data, calculate the value of operating surplus: fCBSE,2022 (58/5/1) Term-2J
Particulars in crores
5
Royalty
Rent 75
(iii) Interest 30
Net domestic product at factor cost
45
(v) Profit
(vi) Dividends 20
2022 (58/5/1)Term-2)
23b. From the following data, calculate the value of compensation of employees (COE): {CBSE,
Particulars in crores
(i) Old age pension 2,000
(ii) Wages and salaries in cash 60,000
(iii) Rent free accommodation to employees 30,000
(iv) Employer's contribution to provident fund 7,500
(v) Payment of life insurance premium by the employees 2,500
(vi) Contribution to provident fund by employees 35,000
Particulars in crores
Private final consumption expenditure
I (ii) Profit 100
(iii) Govemment final consumption expenditure
(iv) Net indirect taxes 100
(v) Gross domestic capital formation 250
(vi) Change in stock 50
(vii) Net factor income from abroad
(viii) Consumption of fixed capital. 20
(ix) Net imports 30
Miscellaneou Practicals
31. Calculate National Income by Income and Expenditure method.
Particulars in crores
(i) Compensation of employees 1,200
Net factor income from abroad (-) 20
(iii) Net indirect tax 120
(iv) Profits 800
(v) Private final consumption expenditure 2,000
(vi) Net domestic capital formation 770
(vii) Consumption of fixed capital 130
(viii) Rent
(ix) Interest 620
(x) Mixed income of self employed 700
(xi) Net exports (-) 30
(xii) Government final consumption expenditure 1,100
F.mm f'lkvinq data. calculate •natmal inq (a) income method and (h) •vp•nditljrø mothod•
Interc«t
Rent 250
C•emment final consumption expenditure
(V Fvate final consumption expenditure
-4
ot emplores 1,000
factor encome to abroad
taxes
M) Na hdirect tax
(O home selfemployed 350
200
310
(x) Yivate final consumption expenditure
domestic capital formation 385
43. Gkulate GDPMPby income method and National income by expenditure method.
Particulars in crores
(i) Mixed income of the self employed 260
(i) Rent, interest and profit
(ii) Intereston national debt 40
(W)Gwemment final consumption expenditure 220
(v) Imports 170
Exports 140
Privatefinal consumption expenditure 1,530
(m Change in stock 100
Compensation of employees 730
(x) Net factor income from the rest of the world -10
Cmsumpøon of fixed capital 120
(xii) Subsidies 30
ßii) Gross fixed capital formation
(xiv) Indirect taws 850
u. Calculate GDP at MP by Income method and National income by Fxpenditurp mothod
Porticulars in crotes
(i) Compensation of employees 13,000
(ii) Indirect taxes 3,700
(iii) Gross fixed capital formation 8,100
(iv) Interest. rent and profit 5,000
(v) Government final consumption expenditure 3,600
(vi) Mixed income of self employed 16,000
(vii) Change in stock 1,000
(viii) Imports of goods and services 1,800
(ix) Exports of goods and services 1,700
(x) Private final consumption expenditure 27,000
(xi) Subsidies 300
(xii) Net factor income from abroad
(xiii) Consumption of fixed capital 2,200
45. Calculate GDP at MP by Income method and National Income by Expenditure method.
Particulars in crores
Compensation of employees 490
(ii) Private final consumption expenditure 1,120
(iii) Net factor income from the rest of the world (-) 10
(iv) Net fixed capital formation 180
(v) Consumption of fixed capital 80
(vi) Indirect taxes 180
(vii) Current transfers from government to households 20
(viii) Change in stock 60
(ix) Mixed income of the self employed 560
(x) Government final consumption expenditure 150
(xi) Subsidies 20
(xii) Exports 100
(xiii) Imports 110
(xiv) Rent, interest and profit
Production method.
48. Calculate National Income by Income method and
in crores
Particulars
300
(i) Value of output of primary sector
200
(ii) Value of output of secondary sector
100
(iii) Value of output of tertiary sector
100
(iv) Intermediate consumption of primary sector 50
Intermediate consumption of secondary sector
50
(vi) Intermediate consumption of tertiary sector
150
(vii) Emoluments of employees
(-) 10
(viii) Net factor income from abroad
140
(ix) Operating surplus
40
(x) Consumption of fixed capital
20
Net indirect tax
20
(xii) Interest
50
(Éii) Mixed income
10
(xiv) Rent
National Incom--
method.
49. Calculate GDP at MP by value added method and income
in crores
Particulars
Intermediate consumption of primary sector 500
Intermediate consumption of secondary sector
(iii) Intermediate consumption of tertiary sector 300
(W)Value of output of primary sector 1,000
50. Calculate (a) Gross domestic product at market price, and (b) Factor income from abroad from the following
data: All 2010)
Particulars in crores
Profits 500
(ii) Exports 40
Compensation of employees 1,500
Gross national product at factor cost 2,800
(v) Net current transfers from rest of the world 90
Rent 300
Mi) Interest
1
income to abroad
(Vili) Factor
120
(ix) Net indirect taxes
(x) Net domestic capital formation
(i) Gross fixed capital formation
(xii) Change in stock 50
find out Gross National Product at Market Price from the following
data: Dp/hl 201 7 01))
Particulars
g Arab)
(i) Opening stock 50
Privatefinal consumption expenditure
1,000
(iii) Net domestic fixed capital formation 150
Cbsing stock 40
(v) Netfactor income to abroad
M) Govemment final consumption expenditure 300
Consumption of fixed capital 30
(viii) Net imports 20
52. Calculate Gross National Product at Market Price from the following: {CUE, All India 201
Particulars in crores
Net factor income to abroad 10
(ii) Net indirect tax 250
(iii) Operating surplus 300
(W)Corporation tax 150
Undistributed profits 30
Mixed income 500
(vii) Consumption of fixed capital 100
(viii) Compensation of employees 1,200
53. From the following data relating to an economy, calculate national Income by expenditure, income and
value added method.
Particulars in crores
(i) Interest 40
(ii) Value of output:
Primary sector
Secondary sector 500
Tertiary sector 450
(jii) Compensation of employees 245
(tv) Net factor income from abroad
(v) hvate final consumption expenditure 515
(M) cost:
Pnmary sector 630
Secondarys«tor 310
Ternarys«tor 265
Rent and royalty 25
Mii) Govemment final consumption expenditure 75
(ix) Gross domestic fixed capital formation 130
(x) stock
(xi) Profit 30
(xii) Closing stock 70
(xiii) Net exports
(xjv) Net Indirect Taxes 80
(w) Consumption of fixed capital 40
(xvi) Mixed income of self-employed 285
55. Find out Net National Product at Market Price: {CBSE.Delhi 2b (Il))
Particulars in crores
Interest 400
Wages and Salaries
Net factor income to abroad (-) 20
(iv) Social security contributions by employers 100
(v) Net indirect tax 80
Rent 300
(vii) Consumption of fixed capital 120
(viii) Corporation Tax 50
(tx) Dividend
(x) Undistributed profits
60
56. Find out Gross National Product at Market Price: Indio 2012
Particulars
in crorø
(i) Private final consumption expenditure 1,000
Depreciation 100
(iii) Net factor income to abroad (-) 10
(iv) Closing stock 20
(v) Govemment final consumption expenditure 300
(vi) Net indirect tax 50
(vii) Opening stock 20
(viii) Net domestic fixed capital formation 110
(ix) Net exports 15
58. Calculate Net Domestic Product at Factor Cost (NDPFC)from the following: {CBSE,Delhi 2074 (Ill))
Particulars in Arab
Net factor income to abroad 10
Particulars in crores
Net current transfer from rest of the world 30
(ii) Private final consumption expenditure
(iii) Net domestic capital formation 100
(iv) Change in stock 50
(v) Depreciation 20
(vi) Government final consumption expenditure 200
(vii) Net exports
(viii) Net indirect taxes 80
(ix) Net factor income paid to abroad 10
62. From the following data relating to an economy, calculate (a) National income using Expenditure Method;
(b) National income using Income Method.
Particulars in crores
(i) Government final consumption expenditure 5,100
(ii) Gross fixed capital formation 9,029
(B) Expo Ofgoods and services
2,800
(W) Net compensation of employee« from abroad
(v) Net property and entrepreneurial Income from rest
of the world 316
M) Change in stock
2,323
Mi) Cmsumption of fixed capital
3,023
hivate final consumption expenditure
42,865
(bÖ Import of goods and services 3,177
(x) Net indirect taxes 5,168
(xi) of employes
17,818
(xi) Operating surplus
(i) Mixed income of the self employed 26,041
g. From the following information, calculate GNPMPby income and expenditure methods.
Particulars in crores
(i) Personal consumption expenditure 2,940
%dal security contribution by Employers 108
Net indirect taxes 216
(W)Interest 156
(v) Govemment expenditure on goods and services
M) Rent 168
(vij) Undistributed profits 252
(viii) Dividends 192
Particulars in crores
(i) Exports 30
htvate final consumption expenditure
Net impore (-) 20
(W)Net dornestic capital formation 100
(v) Net factor income to abroad 10
50
(vii) Change in sto& 17
Net indirect tax 120
final consumption expenditure 200
Net Domestic Product at Factor Cost
Calculate Net Domestic Product at Market Price: {CBSE,
AllIndia2015(Ill))
Particulars in crores
Private Final Consumption Expenditure
(i) stock 10
Consumption of fixed Capital 25
(W) Imports 15
(v) final Consumption Expenditure 90
M) Net factor income to abroad
Gross Domestic Fixed Capital Formation 80
(viii) Closing stock
20
ExpMs 10
70. Calculate Net National Product at Factor Cost: {CBSE,Delhi Comptt. 2015 (Il))
Particulars in crores
Government final consumption expenditure 500
Mixed income 1,500
(iii) Net indirect taxes 100
(iv) Net exports 60
(v) Change in stock (-) 50
(vi) Net factor income to abroad 70
(vii) Net domestic fixed capital formation 250
(viii) Private final consumption expenditure 2,000
(ix) Consumption of fixed capital 30
7'. Cal, addr•d af fador ( o c.t
In crores
sales 3,000
Change in (-) 100
(iit' 300
cmsum tion 2,000
(v) 500
indtr«t taxes 250
(m factor incon* from abroad (-) 50
e
72. From the following data, calculate Gross National Product at Market Price: (CBSf,Al/ Compr 2015)
in crores
DWIdends 300
(i) Compensatbn of employees 3,000
Rent 500
(W) 200
(v) Interest
M) Net income to abroad 100
income 5,000
Na indirect taxes
1,500
Gross National Product at Market Price
73. Calculate Net Domestic Product at Market Price. AllIndiaComptt.20
{CBSE,
in crores
(i) Compensation of employees
Dividend 500
(iiD Mixed income 8,000
(M Social secur• contribution emplo ers
(v) tkt factor income to abroad
Net indirect taxes 1,000
(vü) Rent
(viii) Consumption of fixed capital
1,200
(ix) Profit
1,500
(x) Interest 700
Net Domestlc Product at Market Price
74. Calculate Gross National Product at Factor Cost.
IC8SE,DelhiComptt 20'6
Particulars
in crores
(i) Rent 400
Compensation of em I ees
3,000
(iii) Dividend
200
(iv) Change in Stock 300
(v) Net factor income to abroad 700
Net factor taxes
I Consumption of axed capital
Interest
&ofts
800
(x) Mixed Income
6,000
78. following data, find the missing values of'Private Final Consumption Expenditure'and 'Operating
Surplus'. {CBSE,Delhi 2019 (Il))
Particulars in crores
National Income 50,000
Net Indirect Taxes 1,000
Private final Consumption Expenditure
(W)Gross Domestic Capital Formation 17,000
(v) Profits 1,000
(vi) Final Consumption Expenditure 12,500
(vii) Wages and Salaries 20,000
(viü) Consumption of Fixed Capital 700
(ix) Mb(ed Income of Self Employed 13,000
(x) Surplus
(xi) Net Factor Income from Abroad 500
(ii) NetExprts 2,000
79. Given the following data, find the missing values of 'Gross Domestic Capital Forrmtion' and 'Wages and
Salaries'. {CBSE,Delhi 2019 (Ill))
Particulars in crores
(i) Mixed Income of Self Employed 3,500
Net Indirect Taxes 300
(iiD Wages and Salaries
(W) Government Final Consumption Expenditure 14,000
(v) Net Exports 3,000
Consumption of Fixed Capital 300
(vii) Net Factor Income from Abroad 700
(viii) Operating Surplus 12,000
(ix) National Income 30,000
(x) Profits 500
(xi) Gross Domestic Capital Formation
(xii) Private Final Consumption Expenditure 11,000
'0. Calculate value of "Interest* from the followlnq data: rrnep Ind,a 'l')/
Particulars in croces
(i) Indirect tax 1,500
Subsidies 700
Profits 1,100
Consumption of fixed capital 700
(v) Gross domestic product at market prlce 17,500
(vi) Compensation of employees 9,300
(vii) Interest
(viii) Mixed income of self-employed 3,500
ax) Rent
Given the following data, find the values of 'Operating Surplus' and 'Net Exports':
Particulars in crores
Mixed Income of Self-Employed 700
Net Factor Income from Abroad 150
(ili) Private Final Consumption Expenditure 2,200
(W)Profits 200
(v) Net Indirect Taxes 150
(vi) National Income 5,000
(vii) Gross Domestic Capital Formation
(viii) Wages and Salaries 2,200
(ix) Net Exports
(x) Government Final Consumption Expenditure 1,300
(xi) Consumption of Fixed Capital 200
(xii) Operating Surplus
82. Calculate the value of "Mixed Income of Self-Employed"from the following data: AllIndia2019(111)}
{CBSE,
Particulars in crores
Compensation of Employees 17,300
Interest 1200
(iii) Consumption of Fixed Capital 1,100
Mixed Income of Self-Employed
750
(v) Subsidies
(vi) Gross Domestic Product at Market Price
27,500
2,100
(vii) Indirect Taxes
1,800
(viii) Profits
2,000
(ix) Rent