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NextQ92

On the basis of the given data, estimate the value of National Income : State any three precautions to be taken while estimating National Income by Expenditure Method. S.No. | Items | Amount (in Rs. crore) (i) | Government Final Consumption Expenditure | 110 (ii) | Private Final Consumption Expenditure | 200 (iii) | Gross Domestic Fixed Capital Formation | 30 (iv) | Net Exports | (-) 40 (v) | Increase in Stock | 20 (vi) | Consumption of Fixed Capital | 15 (vii) | Indirect Taxes | 60 (viii) | Subsidies | 15 (ix) | Net Factor Income from Abroad | (-) 40

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Question 91

Distinguish between 'Value Addition' and 'Final Value of Output'. Find the Net Value Added at Factor Cost (NVA_FC) using the given data : S. No. | Particulars | Amount (in Rs. crore) (i) | Sale of rice in the market | 48 (ii) | Purchase of tractor and thresher | 30 (iii) | Procurement of rice by the government | 10 (iv) | Self-consumption of rice during the year | 5 (v) | Expenditure on running and maintenance of tractor and thresher | 10 (vi) | Fertiliser subsidies received from the government | 2

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