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NextQ100

On the basis of the following data, estimate the value of National Income (NNP_FC) : S.No. | Items | Amount (in Rs. crore) (i) | Private Final Consumption Expenditure | 1,000 (ii) | Government Final Consumption Expenditure | 2,000 (iii) | Gross Domestic Fixed Capital Formation | 1,000 (iv) | Net Exports | 100 (v) | Net Additions to Stock | 50 (vi) | Consumption of Fixed Capital | 100 (vii) | Net Factor Income from Abroad | 20 (viii) | Net Indirect Taxes | 200

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Question 99

State and explain any two precautions that must be taken while estimating national income by production method/output method. Calculate the value of 'Sales' from the following data : S. No. | Particulars | Amount (in Rs. lakh) (i) | Subsidies | 300 (ii) | Operating surplus | 600 (iii) | Opening stock | 120 (iv) | Closing stock | 520 (v) | Intermediate consumption | 2,900 (vi) | Consumption of fixed capital | 600 (vii) | Profits | 700 (viii) | Net Value Added at Factor Cost (NVA_FC) | 2,200

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