SVPrecis Book Num 2_Macro Economics_Numerical

Q.1

Q.2

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Q.4

An economy has only two firms A and B. On the basis of following information about these firms, find out:
a. Value added by firms A and B.
b. Gross Domestic Product at market price.
Items
(Rs lakh)
i. Exports by firm A----------------------------------------------------------------------------------------------- 20
ii. Imports by firm A----------------------------------------------------------------------------------------------- 50
iii. Sales to households by firm A----------------------------------------------------------------------------- 90
iv. Sales to firm B by firm A------------------------------------------------------------------------------------- 40
v. Sales to firm A by firm B------------------------------------------------------------------------------------- 30
vi. Sales to households by firm B------------------------------------------------------------------------------ 60
[Ans. Value added by firm A = 70 lakh, value added by firm B = Rs. 50 lakh, gross domestic product at
market price = 120 lakhs.]
On the basis of the following data about an economy, which consists of only two firms, find out.
a. Value added by firm A and B.
b. Gross Value Added or Gross domestic product at factor cost.
Items
(Rs lakh)
i. Sales by firm A------------------------------------------------------------------------------------------------ 100
ii. Purchases from firm B by firm A --------------------------------------------------------------------------- 40
iii. Purchases from firm A by firm B--------------------------------------------------------------------------- 60
iv. Sales by firm B------------------------------------------------------------------------------------------------ 200
v. Closing stock of firm A---------------------------------------------------------------------------------------- 20
vi. Closing stock of firm B---------------------------------------------------------------------------------------- 35
vii. Opening stock of firm A-------------------------------------------------------------------------------------- 25
viii. Opening stock of firm B-------------------------------------------------------------------------------------- 45
ix. Indirect taxes paid by both firms--------------------------------------------------------------------------- 30
[Ans. Value added by firm A = Rs 55 lakh, value added by firm B = 130 lakh, gross value added by Firm A =
Rs. 55 lakh, gross value added by firm B = Rs. 130 lakh, GDPFC = Rs. 155 lakh.]
Calculate (i) Gross Value Added at Market Price by the primary, secondary and the tertiary sector and (ii) national
income.
Items
(Rs. in crores)
a. Value of Output of Primary Sector---------------------------------------------------------------------------------- 800
b. Value of output of Secondary Sector ----------------------------------------------------------------------------- 200
c. Value of output of territory sector ---------------------------------------------------------------------------------- 300
d. Value of intermediate inputs purchased by:
i. Primary sector------------------------------------------------------------------------------------------------ 400
ii. Secondary sector-------------------------------------------------------------------------------------------- 100
iii. Tertiary Sector------------------------------------------------------------------------------------------------- 50
e. Indirect taxes paid by all sectors ------------------------------------------------------------------------------------ 50
f. Consumption of fixed capital of all sectors------------------------------------------------------------------------- 80
g. Factor income received by the residents from rest of the world---------------------------------------------- 10
h. Factor income paid to non-residents ------------------------------------------------------------------------------- 20
i. Subsidies received by all sectors------------------------------------------------------------------------------------- 20
[Ans. (a) (i) Rs. 400 crores; (ii) Rs. 100 crores, (iii) Rs. 250 crores, (b) 630 crores]
Calculate (i) Net Domestic Product at Factor Cost by Expenditure Method, and (ii) Net National Product at Factor
Cost by the Value added method from the following data:
Items
(Rs. in crore)
a. Domestic Capital formation ------------------------------------------------------------------------------------------ 250
b. Net Exports-------------------------------------------------------------------------------------------------------------- (-50)
c. Private Final consumption Expenditure--------------------------------------------------------------------------- 900

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Q.5

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d. Value of Output of:

i. Primary Sector------------------------------------------------------------------------------------------------ 900
ii. Secondary Sector-------------------------------------------------------------------------------------------- 800
iii. Tertiary Sector------------------------------------------------------------------------------------------------ 400
e. Value of Intermediate Consumption by:
i. Primary sector------------------------------------------------------------------------------------------------ 400
ii. Secondary Sector ------------------------------------------------------------------------------------------- 300
iii. Tertiary Sector------------------------------------------------------------------------------------------------ 100
f. Consumption of fixed capital------------------------------------------------------------------------------------------ 80
g. Indirect taxes------------------------------------------------------------------------------------------------------------- 100
h. Government Final consumption Expenditure-------------------------------------------------------------------- 100
i. Subsidies------------------------------------------------------------------------------------------------------------------- 10
j. Net Factor Income from Abroad----------------------------------------------------------------------------------- (-) 20
[Ans. Net Domestic Product at Factor Cost = Rs. 1,030 crore, NNP at Factor Cost = Rs. 1,110 crore.]
Calculate Net Value Added at Factor Cost from the following data:
Items
(Rs. in crores)
a. Net value added at market price by:
i. Primary sector-------------------------------------------------------------------------------------------------- 50
ii. Secondary sector--------------------------------------------------------------------------------------------- 100
iii. Tertiary sector------------------------------------------------------------------------------------------------- 200
b. Net exports------------------------------------------------------------------------------------------------------------ (-) 100
c. Net indirect taxes----------------------------------------------------------------------------------------------------- (-) 400
d. Value of intermediate consumption in:
i. Primary sector-------------------------------------------------------------------------------------------------- 60
ii. Secondary sector---------------------------------------------------------------------------------------------- 80
iii. Tertiary sector ------------------------------------------------------------------------------------------------ 200
e. Consumption of fixed capital in:
i. Primary sector---------------------------------------------------------------------------------------------10
ii. Secondary sector ----------------------------------------------------------------------------------------20
iii. Tertiary sector---------------------------------------------------------------------------------------------30
[Ans. Rs. 410 crores.]
Calculate National Income by (a) Production Method (b) Income Method:
Items
(Rs. in crores)
a. Value of output of:
i. Primary sector--------------------------------------------------------------------------------------------- 1,000
ii. Secondary sector-------------------------------------------------------------------------------------------- 800
iii. Tertiary sector------------------------------------------------------------------------------------------------ 600
b. Intermediate consumption of:
i. Primary sector------------------------------------------------------------------------------------------------ 400
ii. Secondary sector-------------------------------------------------------------------------------------------- 300
iii. Tertiary sector-------------------------------------------------------------------------------------------------- 10
c. Emoluments of employees------------------------------------------------------------------------------------------- 500
d. Rent-------------------------------------------------------------------------------------------------------------------------- 40
e. Consumption of fixed capital------------------------------------------------------------------------------------------ 80
f. Indirect taxes------------------------------------------------------------------------------------------------------------- 30
g. Net factor income from abroad--------------------------------------------------------------------------------------- 10
h. Subsidies------------------------------------------------------------------------------------------------------------------- 10
i. Interest--------------------------------------------------------------------------------------------------------------------- 50
j. Operating surplus------------------------------------------------------------------------------------------------------- 200
k. Mixed income ----------------------------------------------------------------------------------------------------------- 800
[Ans. Rs. 1510crores.]
From the following data calculate National Income by (a) Income method and (b) Expenditure method:
Items
(Rs. in crores)

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Q.8

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Q.10

a. Private final consumption expenditure-------------------------------------------------------------------------- 2,000

b. Government final consumption expenditure------------------------------------------------------------------- 1,000
c. Compensation of employees-------------------------------------------------------------------------------------- 1,200
d. Net exports------------------------------------------------------------------------------------------------------------- (-) 20
e. Net indirect taxes------------------------------------------------------------------------------------------------------- 370
f. Net domestic capital formation ------------------------------------------------------------------------------------- 800
g. Consumption of fixed capital----------------------------------------------------------------------------------------- 100
h. Net factor income from abroad------------------------------------------------------------------------------------- (-10)
i. Interest--------------------------------------------------------------------------------------------------------------------- 310
j. Rent ------------------------------------------------------------------------------------------------------------------------ 200
k. Mixed income of self-employed------------------------------------------------------------------------------------- 900
l. Profits --------------------------------------------------------------------------------------------------------------------- 800
[Ans. National Income (by income method) = 3,400 crore, National Income (by expenditure method = 3,400
crore]
Calculate Gross Domestic Product at Market Price by (a) Product Method and (b) Income Method
Items
(Rs. in crores)
a. Intermediate consumption of:
i. Primary sector------------------------------------------------------------------------------------------------ 500
ii. Secondary sector-------------------------------------------------------------------------------------------- 400
iii. Tertiary sector------------------------------------------------------------------------------------------------ 300
b. Value of Output of:
i. Primary sector---------------------------------------------------------------------------------------------- 1,000
ii. Secondary sector-------------------------------------------------------------------------------------------- 900
iii. Tertiary sector ------------------------------------------------------------------------------------------------ 700
c. Rent ------------------------------------------------------------------------------------------------------------------------- 10
d. Emoluments of Employees------------------------------------------------------------------------------------------- 400
e. Mixed income ----------------------------------------------------------------------------------------------------------- 650
f. Operating surplus ------------------------------------------------------------------------------------------------------ 300
g. Net Factor Income from Abroad ---------------------------------------------------------------------------------- (-) 20
h. Interest ----------------------------------------------------------------------------------------------------------------------- 5
i. Consumption of Fixed Capital ---------------------------------------------------------------------------------------- 40
j. Net Indirect Tax ---------------------------------------------------------------------------------------------------------- 10
[Ans: Gross Domestic Product at Market Price (by product method)= 1,400 crore, Gross Domestic
Product at Market Price (by income method)= 1,400 crore]
Calculate the value added by firm A and firm B from the following data:
Items
(Rs. lakh)
a. Purchase by Firm A from the rest of the world------------------------------------------------------------------- 40
b. Sales by Firm B---------------------------------------------------------------------------------------------------------- 100
c. Purchases by Firm A from firm B------------------------------------------------------------------------------------ 60
d. Sales by Firm A--------------------------------------------------------------------------------------------------------- 120
e. Exports by Firm A------------------------------------------------------------------------------------------------------- 40
f. Opening stock of Firm A------------------------------------------------------------------------------------------------ 45
g. Closing stock of firm A-------------------------------------------------------------------------------------------------- 30
h. Opening stock of firm B------------------------------------------------------------------------------------------------- 40
i. Closing stock of firm B-------------------------------------------------------------------------------------------------- 30
j. Purchases by Firm B from Firm A----------------------------------------------------------------------------------- 60
[Ans. Value added by firm A = Rs. 5 lakh, value added by firm B = Rs.30 lakh]
Calculate value added by Firm X and firm Y from the following data:
Items
(Rs in lakhs)
a. Sales by Firm X---------------------------------------------------------------------------------------------------------- 200
b. Sales by firm Y ---------------------------------------------------------------------------------------------------------- 600
c. Purchases by households from firm Y ---------------------------------------------------------------------------- 400
d. Exports by Firm Y -------------------------------------------------------------------------------------------------------- 60

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Q.11

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e. Change in stock of firm X ---------------------------------------------------------------------------------------------- 30

f. Change in stock of firm Y ---------------------------------------------------------------------------------------------- 20
g. Imports by firm X --------------------------------------------------------------------------------------------------------- 80
h. Sales by Firm X to firm Y --------------------------------------------------------------------------------------------- 300
i. Purchases by firm Y from firm X ----------------------------------------------------------------------------------- 250
[Ans. Value added by firm X = Rs. 150 lakh, value added by firm Y = Rs. 70lakh]
Calculate value added by firm X and firm Y from the following data:
(Rs. in lakhs)
a. Sale by firm X ------------------------------------------------------------------------------------------------------------ 100
b. Sale by firm Y ----------------------------------------------------------------------------------------------------------- 500
c. Purchases by households from firm Y ---------------------------------------------------------------------------- 300
d. Export by firm Y----------------------------------------------------------------------------------------------------------- 50
e. Change in stock of firm X----------------------------------------------------------------------------------------------- 20
f. Change in stock of firm Y ---------------------------------------------------------------------------------------------- 10
g. Imports by firm X--------------------------------------------------------------------------------------------------------- 70
h. Sales by firm Z to firm Y --------------------------------------------------------------------------------------------- 250
i. Purchases by firm Y from X------------------------------------------------------------------------------------------ 200
[Ans. value added by firm x = 250 lakhs, value added by firm Y = 60 lakhs]
Calculate gross domestic product at market price from the data:
Items
(Rs. in crores)
a. Net value added at market price by
i. Primary sector------------------------------------------------------------------------------------------------- 700
ii. Secondary sector ----------------------------------------------------------------------------------------- 1,000
iii. Tertiary sector --------------------------------------------------------------------------------------------- 1,000
b. Net exports------------------------------------------------------------------------------------------------------------- (-) 10
c. Net indirect taxes-------------------------------------------------------------------------------------------------------- 100
d. Value of intermediate consumption in
i. Primary sector ------------------------------------------------------------------------------------------------ 100
ii. Secondary sector--------------------------------------------------------------------------------------------- 300
iii. Tertiary sector------------------------------------------------------------------------------------------------- 300
e. Consumption of fixed capital in
i. Primary sector-------------------------------------------------------------------------------------------------- 20
ii. Secondary sector --------------------------------------------------------------------------------------------- 50
iii. Tertiary sector ------------------------------------------------------------------------------------------------- 30
[Ans. GDPMP = Rs. 2,800crores.]
From the following data calculate GDP at MP:
(Rs. in crore)
a. Value of output in primary sector------------------------------------------------------------------------------- 2,000
b. Intermediate consumption of secondary sector-------------------------------------------------------------- 800
c. Intermediate consumption of tertiary sector ------------------------------------------------------------------ 1,000
d. Net factor income from abroad----------------------------------------------------------------------------------- (-) 30
e. Net indirect taxes ---------------------------------------------------------------------------------------------------- 300
f. Value of output in tertiary sector --------------------------------------------------------------------------------- 1,400
g. Value of output of secondary sector ---------------------------------------------------------------------------- 1,800
h. Intermediate consumption of tertiary sector ------------------------------------------------------------------ 600
[Ans. GDP at MP = 2800 crores]
Calculate by Value Added Method (a) GVAMP (b) NI.
Items
(Rs.in thousands)
a. Value of output by primary sector------------------------------------------------------------------------------------ 40
b. Value of output by secondary sector -------------------------------------------------------------------------------- 20
c. Value of output by tertiary sector -------------------------------------------------------------------------------------25
d. Value of output purchased by primary sector --------------------------------------------------------------------- 20
e. Value of output purchased by secondary sector------------------------------------------------------------------ 10

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Q.15

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f. Value of output purchased by tertiary sector ---------------------------------------------------------------------- 15

g. NFIA ------------------------------------------------------------------------------------------------------------------------- 50
h. Net indirect taxes ---------------------------------------------------------------------------------------------------------- 8
i. Depreciation --------------------------------------------------------------------------------------------------------------- 12
[Ans. GVAMP = Rs. 40 thousands, NNPFC or NI = Rs. 70 thousands]
Calculate Net domestic Product at Factor cost from the following data using product method.
Items
Primary Sector
Secondary sector
Tertiary sector
Sales
100
150
130
Closing stock
15
20
25
Intermediate consumption
15
25
15
Opening stock
10
10
15
Indirect taxes
12
13
17
Subsidies
7
8
7
Consumption of fixed capital
10
12
15
Expenses of electricity and fuel
3
4
3
[Ans. Net domestic product at factor cost 293]

Given the following data and using income method calculate:

(1) Net Domestic Income (2) Gross Domestic income (3) Net National Income (4) Net National Product at Market
Price
Items
(Rs. in crore)
a. Indirect tax------------------------------------------------------------------------------------------------------------- 9,000
b. Subsidies -------------------------------------------------------------------------------------------------------------- 1,800
c. Depreciation ---------------------------------------------------------------------------------------------------------- 1,700
d. Mixed Income of self-employed----------------------------------------------------------------------------------28,000
e. Operating surplus----------------------------------------------------------------------------------------------------10,000
f. Net factor income from Abroad ----------------------------------------------------------------------------------(-) 300
g. Compensation of employees -------------------------------------------------------------------------------------24,000
[Ans. Net Domestic Income = 62,000 crore, Gross Domestic Income = Rs. 63,700 crore, Net National
Income = 61700 crore, Net National Product at market price= 68,900 crore.]
The following information is available for an economy. On the basis of this information using income method,
calculate (1) Domestic Income, (2) National Income
Items
(Rs)
a. Wages----------------------------------------------------------------------------------------------------------------- 1,0000
b. Rent--------------------------------------------------------------------------------------------------------------------- 5,000
c. Interest-------------------------------------------------------------------------------------------------------------------- 400
d. Dividend---------------------------------------------------------------------------------------------------------------- 3,000
e. Mixed Income------------------------------------------------------------------------------------------------------------ 400
f. Undistributed Profit----------------------------------------------------------------------------------------------------- 200
g. Social Security contribution ----------------------------------------------------------------------------------------- 400
h. Corporate Profit Tax---------------------------------------------------------------------------------------------------- 400
i. Net factor income from Abroad----------------------------------------------------------------------------------- 1,000
[Ans. Domestic Income = 19,800, National Income = Rs. 20,800]
Calculate (i) Gross Value Added at Market Price, and (ii) National Income from the following data:
a. Value of Output:
(Rs)
i. Primary Sector------------------------------------------------------------------------------------------------ 800
ii. Secondary Sector-------------------------------------------------------------------------------------------- 200
iii. Tertiary sector ----------------------------------------------------------------------------------------------- 300
b. Value of intermediate inputs purchased by:
i. Primary sector----------------------------------------------------------------------------------------------- 400
ii. Secondary sector ------------------------------------------------------------------------------------------- 100

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Q.19

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Q.22

iii. Tertiary Sector ------------------------------------------------------------------------------------------------- 50

c. Indirect taxes paid by all sectors------------------------------------------------------------------------------------- 50
d. Consumption of fixed capital of all sectors------------------------------------------------------------------------ 80
e. Factor income received by the residents from rest of the world---------------------------------------------- 10
f. Factor income paid to non-residents--------------------------------------------------------------------------------- 20
g. Subsidies received by all sectors------------------------------------------------------------------------------------- 20
[Ans. Gross value added at market price = Rs. 750, National Income 630]
From the following data, calculate the GDP at both (i) Factor Cost and (ii) Market Price.
Items
(Rs in crores)
a. Gross investment---------------------------------------------------------------------------------------------------90
b. Net exports -----------------------------------------------------------------------------------------------------------10
c. Net indirect taxes---------------------------------------------------------------------------------------------------5
d. Depreciation ---------------------------------------------------------------------------------------------------------15
e. Net factor income from abroad----------------------------------------------------------------------------------- (-) 5
f. Private consumption expenditure-------------------------------------------------------------------------------- 350
g. Government purchases of goods and services-------------------------------------------------------------- 100
[Ans. GDPMP = Rs. 550 crore, GDPFC = Rest. 545crore]
Find NDPFC from the following data:
Items
(Rs.)
a. Gross Domestic Fixed Investment -----------------------------------------------------------------------------10,000
b. Inventory investment ----------------------------------------------------------------------------------------------- 5,000
c. Depreciation ---------------------------------------------------------------------------------------------------------- 2,000
d. Indirect taxes --------------------------------------------------------------------------------------------------------- 1,000
e. Subsidies -------------------------------------------------------------------------------------------------------------- 2,000
f. Consumption expenditure ---------------------------------------------------------------------------------------- 20,000
g. Residential construction investment----------------------------------------------------------------------------- 6,000
[Ans. NDPFC = Rs 34,000]
Calculate (i) Gross National Product at Market Price by Expenditure Method and (ii) Gross Domestic Product at
Market Price by Income method:
Items
(Rs. in crore)
a. Private Final Consumption Expenditure--------------------------------------------------------------------------- 200
b. Government Final consumption Expenditure--------------------------------------------------------------------- 20
c. Gross Domestic Capital Formation ---------------------------------------------------------------------------------- 40
d. Net Exports ------------------------------------------------------------------------------------------------------------- (-) 5
e. Wages and salaries ---------------------------------------------------------------------------------------------------- 165
f. Employers contribution to social security schemes ------------------------------------------------------------- 10
g. Profits ----------------------------------------------------------------------------------------------------------------------- 15
h. Interest ---------------------------------------------------------------------------------------------------------------------- 20
i. Indirect taxes -------------------------------------------------------------------------------------------------------------- 30
j. Subsidies -------------------------------------------------------------------------------------------------------------------- 5
k. Rent ------------------------------------------------------------------------------------------------------------------------- 15
l. Net factor income received from Abroad----------------------------------------------------------------------------- 5
m. Consumption of fixed capital-------------------------------------------------------------------------------------------- 5
[Ans. Gross National Product at Market Price 260 crore, Gross Domestic Product at Market Price = Rs. 255
crore.]
Calculate (i) Gross Domestic Product at Market Price by Income Method, and (ii) National Income by Expenditure
Method:
Items
(Rs. in crore)
a. Mixed Income of the self-employed ----------------------------------------------------------------------------- 280
b. Compensation of Employees------------------------------------------------------------------------------------- 240
c. Net factor Income from the Rest of the world----------------------------------------------------------------- (-) 5
d. Imports-----------------------------------------------------------------------------------------------------------------60
e. Exports-----------------------------------------------------------------------------------------------------------------50

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Q.23

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Q.25

f. Government Final Consumption Expenditure----------------------------------------------------------------75

g. Indirect taxes---------------------------------------------------------------------------------------------------------90
h. Change in stock-----------------------------------------------------------------------------------------------------35
i. Private Final consumption Expenditure------------------------------------------------------------------------- 510
j. Consumption of fixed capital-------------------------------------------------------------------------------------40
k. Gross fixed capital formation-------------------------------------------------------------------------------------- 130
l. Subsidies--------------------------------------------------------------------------------------------------------------10
m. Rent, Interest and profit -------------------------------------------------------------------------------------------- 100
n. Interest on National Debt------------------------------------------------------------------------------------------10
[Ans. Gross Domestic Product at Market Price = Rs. 740 crore, National Income = Rs. 615 crore.]
From the following data relating to a firm, (a) estimate the Net Value Added at Market Price, (b) show that Net
Value added at Factor cost is equal to the sum of Factor incomes.
Items
(Rs thousand)
a. Salaries and wages----------------------------------------------------------------------------------------------------- 120
b. Interest Payments------------------------------------------------------------------------------------------------------ 90
c. Dividends------------------------------------------------------------------------------------------------------------------- 30
d. Undistributed profits ----------------------------------------------------------------------------------------------------- 20
e. Rent payments ----------------------------------------------------------------------------------------------------------- 15
f. Increase in stocks -------------------------------------------------------------------------------------------------------- 40
g. Imports of Raw Material------------------------------------------------------------------------------------------------- 20
h. Depreciation of fixed capital ------------------------------------------------------------------------------------------- 15
i. Domestic sales ---------------------------------------------------------------------------------------------------------- 360
j. Exports --------------------------------------------------------------------------------------------------------------------- 40
k. Purchase of Raw Materials and other Inputs -------------------------------------------------------------------- 120
[Ans.Net Value Added at Market Price = Rs. 285 thousand, Net Value Added at Factor Costs= Rs. 275
thousands, sum of factors incomes = Rs. 275 thousand, net value added at market price = Rs. 275
thousand]
From the following data, calculate Gross National Product at Market Price by (i) Income method, and (ii)
Expenditure method:
Items
(Rs in crore)
a. Mixed income of self-employed------------------------------------------------------------------------------------- 400
b. Compensation of employees --------------------------------------------------------------------------------------- 500
c. Private final consumption expenditure --------------------------------------------------------------------------- 900
d. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 20
e. Net indirect taxes ------------------------------------------------------------------------------------------------------- 100
f. Consumption of fixed capital ---------------------------------------------------------------------------------------- 120
g. Net domestic capital formation ------------------------------------------------------------------------------------- 280
h. Net exports ------------------------------------------------------------------------------------------------------------ (-) 30
i. Profits --------------------------------------------------------------------------------------------------------------------- 35
j. Rent ------------------------------------------------------------------------------------------------------------------------ 100
k. Interest -------------------------------------------------------------------------------------------------------------------- 150
l. Government final consumption expenditure--------------------------------------------------------------------- 450
[Ans. (i) GNPMP (Income method)=Rs. 1,700 crore, GNPMP (expenditure method)= Rs.1,700 crore]
Calculate GNP at Market Price by Income Method and Expenditure Method from the following data:
Items
(Rs. in crore)
a. Rent ------------------------------------------------------------------------------------------------------------------------- 40
b. Private final consumption expenditure ---------------------------------------------------------------------------- 800
c. Net exports ----------------------------------------------------------------------------------------------- ---------------- 20
d. Interest --------------------------------------------------------------------------------------------------------------------- 60
e. Profit ----------------------------------------------------------------------------------------------------------------------- 120
f. Government final consumption expenditure--------------------------------------------------------------------- 200
g. Net domestic capital formation ------------------------------------------------------------------------------------- 100
h. Compensation of employees --------------------------------------------------------------------------------------- 800

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Q.26

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i. Consumption of fixed capital ------------------------------------------------------------------------------------------ 20

j. Net indirect taxes ----------------------------------------------------------------------------------------------------- (-) 20
k. Net factor income from abroad ---------------------------------------------------------------------------------- (-) 20
[Ans. GNP at MP (income method and expenditure method)= 1,120.
From the following information, calculate gross national income by (a) income method (b) expenditure method.
Items
(Rs. in crore)
a. Factor income from abroad -------------------------------------------------------------------------------------------- 10
b. Compensation of employees ---------------------------------------------------------------------------------------- 150
c. Net domestic capital formation --------------------------------------------------------------------------------------- 50
d. Private final consumption expenditure ---------------------------------------------------------------------------- 220
e. Factor income paid to abroad ----------------------------------------------------------------------------------------- 15
f. Change in stock ---------------------------------------------------------------------------------------------------------- 15
g. Employers contribution to social security schemes------------------------------------------------------------- 10
h. Consumption of fixed capital ----------------------------------------------------------------------------------------- 15
i. Interest ---------------------------------------------------------------------------------------------------------------------- 40
j. Exports---------------------------------------------------------------------------------------------------------------------- 20
k. Imports --------------------------------------------------------------------------------------------------------------------- 25
l. Indirect taxes -------------------------------------------------------------------------------------------------------------- 30
m. Subsidies-------------------------------------------------------------------------------------------------------------------- 10
n. Rent ------------------------------------------------------------------------------------------------------------------------- 40
o. Government final consumption expenditure ---------------------------------------------------------------------- 85
p. Profit------------------------------------------------------------------------------------------------------------------------ 100
[Ans. GNP = 340 crore (income method and expenditure method)]
Calculate Net National Disposal income from the following data:
Items
(Rs. in crores)
a. National Income ----------------------------------------------------------------------------------------------------- 3,000
b. Saving of private corporate sector ---------------------------------------------------------------------------------- 30
c. Corporative tax ----------------------------------------------------------------------------------------------------------- 80
d. Current transfers from government administrative departments--------------------------------------------- 60
e. Income from property and entrepreneurship accruing
to the government administrative departments ------------------------------------------------------------------150
f. Current transfers from the rest of the world ---------------------------------------------------------------------- 50
g. Saving of non-departmental government enterprises --------------------------------------------------------- 40
h. Net indirect taxes ------------------------------------------------------------------------------------------------------- 250
i. Direct taxes paid by households ----------------------------------------------------------------------------------- 100
j. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
[Ans. Net National Disposable Income= 3,300 crore]
Calculate Gross National Disposal Income from the following data:
Items
(Rs. in crore)
a. National Income------------------------------------------------------------------------------------------------------- 2,000
b. Net current transfers from rest of the world-----------------------------------------------------------------------200
c. Consumption of fixed capital----------------------------------------------------------------------------------------- 100
d. Net factor income from abroad----------------------------------------------------------------------------------- (-) 50
e. Net indirect taxes ------------------------------------------------------------------------------------------------------ 250
[Ans. Gross national disposable income = 2,550 crore]
Calculate private income from the following data:
Items
(Rs. in crore)
a. Income from domestic product accruing to private sector---------------------------------------------------- 254
b. Net current transfers from government administrative departments ---------------------------------------- 10
c. Net current transfers to rest of the world ---------------------------------------------------------------------------- 4
d. Interest on national debt ------------------------------------------------------------------------------------------------ 10
e. Net factor income from abroad------------------------------------------------------------------------------------- (-) 3
[Ans. Private income = Rs. 267 crore.]

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Q.30

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Q.35

Calculate National Income by (i) income method and (ii) output method from the following data:
Items
(Rs in crore)
a. Value of output of primary sector ---------------------------------------------------------------------------------1,000
b. Value of output of other sectors ------------------------------------------------------------------------------------ 400
c. Raw materials, etc. purchased by the primary sector--------------------------------------------------------- 500
d. Raw materials etc. purchased by other sectors---------------------------------------------------------------- 300
e. Factor income from rest of the world -------------------------------------------------------------------------------- 10
f. Factor income paid to the rest of the world ----------------------------------------------------------------------- 15
g. Depreciation--------------------------------------------------------------------------------------------------------------- 55
h. Indirect taxes------------------------------------------------------------------------------------------------------------- 100
i. Subsidies-------------------------------------------------------------------------------------------------------------------- 20
j. Mixed income of the self-employed ------------------------------------------------------------------------------- 200
k. Compensation of employees----------------------------------------------------------------------------------------- 170
l. Rent ------------------------------------------------------------------------------------------------------------------------ 40
m. Interest --------------------------------------------------------------------------------------------------------------------- 30
n. Profit------------------------------------------------------------------------------------------------------------------------- 25
[Ans. National income = Rs. 460 crores.]
Find out private income from the following data:
Items
(Rs. in crore)
a. Current transfers from government administrative departments --------------------------------------------- 18
b. Saving of Non-department government enterprises--------------------------------------------------------------- 1
c. Net National Product at Factor Cost------------------------------------------------------------------------------- 473
d. Net factor income from abroad ------------------------------------------------------------------------------------- (-) 7
e. Income from property and entrepreneurship accruing to the government
administrative department------------------------------------------------------------------------------------------------ 9
f. Net current transfers from the rest of the world -------------------------------------------------------------------- 4
g. National Debt Interest --------------------------------------------------------------------------------------------------- 28
[Ans. Private income = Rs. 513 crore]
Find out Personal Income from the following data:
Items
(Rs. in crore)
a. Income from domestic product accruing to private sector --------------------------------------------------- 224
b. Net current transfers from rest of the world ------------------------------------------------------------------------- 3
c. Net current transfers from the government ------------------------------------------------------------------------- 9
d. Interest on National Debt------------------------------------------------------------------------------------------------- 8
e. Undistributed Profits ----------------------------------------------------------------------------------------------------- 1
f. Corporation Tax ----------------------------------------------------------------------------------------------------------- 3
g. Direct tax --------------------------------------------------------------------------------------------------------------------- 2
[Ans. Personal income = 240 crore]
Find out personal disposal income from the following data:
Items
(Rs in crore)
a. Corporation tax------------------------------------------------------------------------------------------------------------- 3
b. Miscellaneous Receipts of government administrative departments ----------------------------------------- 1
c. Direct taxes paid by households --------------------------------------------------------------------------------------- 4
d. Saving of private corporate sector net of retained earnings of foreign companies------------------------ 1
e. Private Income ---------------------------------------------------------------------------------------------------------- 218
[Ans. Personal Disposable Income = Rs. 209 crore]
From the following data, calculate personal Disposal Income.
a. Personal Income---------------------------------------------------------------------------------------------------- 70,000
b. Direct taxes -------------------------------------------------------------------------------------------------------------- 500
c. Miscellaneous receipt of the government (fees, fines, etc.) ------------------------------------------------- 800
[Ans. Personal Disposable Income = 68,700 crore.]
From the following data estimate (i) Personal income (ii) Private income (iii) Personal Disposable Income.
Items
(Rs. in crore)

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a.
b.
c.
d.
e.

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National income ------------------------------------------------------------------------------------------------------ 1,300

Corporate profit tax ------------------------------------------------------------------------------------------------------ 15
Direct personal taxes---------------------------------------------------------------------------------------------------- 40
Saving of private corporate sector------------------------------------------------------------------------------------ 25
Income from property and entrepreneurship accruing to
Government administrative departments---------------------------------------------------------------------------35
f.
Current transfers from government administrative departments--------------------------------------------- 30
g. National Debt Interest---------------------------------------------------------------------------------------------------- 10
h. Saving of non-departmental public enterprises--------------------------------------------------------------------- 5
i. Current transfers from rest of the world----------------------------------------------------------------------------- 15
[Ans. Personal Income = 1,275 crore, private income = Rs. 1,315 crore, Personal Disposable Income=
1,235 crore]
Will the following be a part of domestic factor income of India? Give reasons for your answers.
a. Old age pension given by the government
b. Factor income from abroad.
c. Salaries to Indian residents working in Russian Embassy in India.
d. Profits earned by a company in India, which is owned by a non-resident.
Will the following be included in the national income to India? Give reasons for your answer.
a. Financial help given to flood victims.
b. Profits earned by an Indian bank from its branches abroad.
c. Salaries paid to non-resident Indians working in Indian embassy in America.
d. Interest received by an individual from banks.
From the following about firm X, calculate gross value added at factor cost by it:
Items
(Rs thousands)
a. Sales----------------------------------------------------------------------------------------------------------------------- 500
b. Opening stock ------------------------------------------------------------------------------------------------------------ 30
c. Closing stock ------------------------------------------------------------------------------------------------------------- 20
d. Purchase of intermediate products--------------------------------------------------------------------------------- 300
e. Purchase of machinery ----------------------------------------------------------------------------------------------- 150
f. Subsidy---------------------------------------------------------------------------------------------------------------------- 40
[Ans. Gross value added at factor cost by firm X, Rs. 2,30,000.]
From the following data, calculate: (a) personal disposable income and (b) national income
Items
(Rs. in crore)
a. Private income--------------------------------------------------------------------------------------------------------- 3,000
b. Compensation of employees ---------------------------------------------------------------------------------------- 800
c. Mixed income of self-employed--------------------------------------------------------------------------------------900
d. Net factor income from abroad ------------------------------------------------------------------------------------(-) 50
e. Net retained earning of private enterprises----------------------------------------------------------------------- 600
f. Rent ------------------------------------------------------------------------------------------------------------------------ 350
g. Profit ----------------------------------------------------------------------------------------------------------------------- 600
h. Consumption of fixed capital----------------------------------------------------------------------------------------- 200
i. Direct taxes paid by households------------------------------------------------------------------------------------ 300
j. Corporation tax ----------------------------------------------------------------------------------------------------------350
k. Net indirect taxes ------------------------------------------------------------------------------------------------------- 250
l. Net exports ------------------------------------------------------------------------------------------------------------- (-) 70
m. Interest ---------------------------------------------------------------------------------------------------------------------450
[Ans. Personal disposable income = Rs. 1,750 crore, national income = Rs. 3,050 crore]
From the following about firm Y, calculate net value added at market price by it:
Items
(Rs thousand)
a. Sales -----------------------------------------------------------------------------------------------------------------------300
b. Depreciation -------------------------------------------------------------------------------------------------------------- 20
c. Net indirect taxes -------------------------------------------------------------------------------------------------------- 30
d. Purchase of intermediate products -------------------------------------------------------------------------------- 150

10

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e. Change in stock ------------------------------------------------------------------------------------------------------ (-) 10

f. Purchase of machinery ----------------------------------------------------------------------------------------------- 100
[Ans. Net value added at market price by firm Y, Rs. 1,20,000]
Calculate (i) Net Domestic Product at Factor Cost by Product method and (ii) national income by income method
from the following data:
Items
(Rs. in crore)
a. Value of output---------------------------------------------------------------------------------------------------------- 800
b. Value of intermediate consumption-------------------------------------------------------------------------------- 400
c. Subsidies ------------------------------------------------------------------------------------------------------------------- 10
d. Indirect taxes-------------------------------------------------------------------------------------------------------------- 60
e. Factor income received from abroad-------------------------------------------------------------------------------- 10
f. Factor income paid abroad -------------------------------------------------------------------------------------------- 20
g. Mixed income of self-employed ------------------------------------------------------------------------------------- 120
h. Rent and royalty ---------------------------------------------------------------------------------------------------------- 40
i. Interest and profit ---------------------------------------------------------------------------------------------------------20
j. Wages and salaries -----------------------------------------------------------------------------------------------------110
k. Consumption of fixed capital ------------------------------------------------------------------------------------------ 50
l. Employers contribution to social security schemes ------------------------------------------------------------- 10
[Ans. Net domestic product at factor cost = Rs. 300 crores, national income = Rs. 290 crore.]
Find out Personal Income from the following data:
Items
(Rs. in crore)
a. Private Income---------------------------------------------------------------------------------------------------------6,500
b. Saving of corporations in the private sector
(less net retained income of foreign companies) --------------------------------------------------------------- 500
c. Corporation Tax --------------------------------------------------------------------------------------------------------- 300
[Ans. Personal Income = Rs. 5,700 crore.]
From the following data, calculate the Gross Domestic Product at Market Price:
Items
(Rs. in crore)
a. Value of output in primary sector -------------------------------------------------------------------------------- 3,000
b. Intermediate consumption of secondary sector---------------------------------------------------------------- 900
c. Intermediate consumption of primary sector ------------------------------------------------------------------ 1,000
d. Net factor income from abroad-------------------------------------------------------------------------------------- 30
e. Net indirect taxes ------------------------------------------------------------------------------------------------------- 300
f. Value of output of tertiary sector -------------------------------------------------------------------------------1,400
g. Value of output of secondary sector ------------------------------------------------------------------------- 1,800
h. Intermediate consumption of tertiary sector -------------------------------------------------------------------- 600
[Ans. Gross domestic product at Market price = Rs. 3,700 crore.]
Given the following data, calculate Net Domestic Product at Factor cost.
Items
(Rs. in crore)
a. Net factor income from abroad -------------------------------------------------------------------------------------- 30
b. Depreciation --------------------------------------------------------------------------------------------------------------170
c. Gross national product at market price ------------------------------------------------------------------------ 4,000
d. Net indirect taxes ------------------------------------------------------------------------------------------------------- 900
[Ans. Net domestic product at factor cost = Rs. 2,900 crore.]
From the following data calculate national income by (i) income method and (ii) expenditure method.
Items
(Rs. in crore)
a. Compensation of employees---------------------------------------------------------------------------------------- 600
b. Government final consumption expenditure--------------------------------------------------------------------- 550
c. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 10
d. Net exports------------------------------------------------------------------------------------------------------------- (-) 15
e. Profits ---------------------------------------------------------------------------------------------------------------------- 400
f. Net indirect taxes--------------------------------------------------------------------------------------------------------- 60
g. Mixed income of self-employed ------------------------------------------------------------------------------------ 350

11

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.46

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h. Rent ------------------------------------------------------------------------------------------------------------------------ 200

i. Interest ---------------------------------------------------------------------------------------------------------------------310
j. Private final consumption expenditure ------------------------------------------------------------------------- 1,000
k. Net domestic capital formation -------------------------------------------------------------------------------------- 385
l. Consumption of fixed capital ------------------------------------------------------------------------------------------ 85
[Ans. National income (i) Rs. 1,850 crore; (ii) Rs. 1,850 crore.]
Find out Gross Domestic Product at Factor Cost from the following data.
Items
(Rs. in crore)
a. Value of intermediate consumption -------------------------------------------------------------------------------- 250
b. Indirect taxes ------------------------------------------------------------------------------------------------------------- 40
c. Consumption of fixed capital ----------------------------------------------------------------------------------------- 0
d. Value of output ---------------------------------------------------------------------------------------------------------- 700
[Ans. Gross domestic product at factor cost= 410 crore.]
Find out gross national product at market price form the following data:
Items
(Rs. in crore)
a. Consumption of fixed capital ------------------------------------------------------------------------------------------ 60
b. Government final consumption expenditure --------------------------------------------------------------------- 200
c. Net factor income received from abroad ---------------------------------------------------------------------- (-) 10
d. Private final consumption expenditure ---------------------------------------------------------------------------- 800
e. Exports --------------------------------------------------------------------------------------------------------------------- 50
f. Opening stock------------------------------------------------------------------------------------------------------------- 30
g. Imports ---------------------------------------------------------------------------------------------------------------------- 60
h. Closing stock -------------------------------------------------------------------------------------------------------------- 20
i. Gross domestic fixed capital formation---------------------------------------------------------------------------- 230
[Ans. Gross national product at market price = Rs. 1,200 crore]
Calculate (i) gross domestic product at factor cost by expenditure method and (ii) national income by income
method:
Items
(Rs. in crore)
a. Private final consumption expenditure ----------------------------------------------------------------------------- 85
b. Net domestic capital formation --------------------------------------------------------------------------------------- 25
c. Consumption of fixed capital ------------------------------------------------------------------------------------------ 2
d. Closing stock -------------------------------------------------------------------------------------------------------------- 10
e. Opening stock -------------------------------------------------------------------------------------------------------------- 5
f. Government final consumption expenditure -----------------------------------------------------------------------10
g. Net exports--------------------------------------------------------------------------------------------------------------- (-) 5
h. Wages and salaries------------------------------------------------------------------------------------------------------ 80
i. Contribution of employers towards social security schemes---------------------------------------------------10
j. Operating surplus--------------------------------------------------------------------------------------------------------- 20
k. Net factor income received from rest of the world------------------------------------------------------------ (-) 5
l. Net indirect taxes--------------------------------------------------------------------------------------------------------- 10
[Ans. (i) Gross Domestic Product at factor cost (by expenditure method) = Rs. 107 or 112 crore.
(ii) National income (by income method) = Rs. 105 crore.]
Calculate national income from the following data by income and expenditure method:
Items
(Rs. in crore)
a. Compensation of employees----------------------------------------------------------------------------------------- 52
b. Government final consumption expenditure----------------------------------------------------------------------- 15
c. Net indirect taxes--------------------------------------------------------------------------------------------------------- 14
d. Operating surplus----------------------------------------------------------------------------------------------------------20
e. Net exports--------------------------------------------------------------------------------------------------------------- (-) 4
f. Gross fixed capital formation ------------------------------------------------------------------------------------------ 25
g. Private final consumption expenditure ---------------------------------------------------------------------------- 120
h. Net increase in stocks---------------------------------------------------------------------------------------------------- 4
i. Net factor income from abroad----------------------------------------------------------------------------------------- 4

12

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.50

Q.51

Q.52

Q.53

j. Consumption of fixed capital ------------------------------------------------------------------------------------------ 10

k. Mixed income ------------------------------------------------------------------------------------------------------------- 64
[Ans. National income = Rs. 140 crore]
From the following data, calculate: National Income, and (b) Personal Disposal Income.
Items
(Rs. in crore)
a. Profit ----------------------------------------------------------------------------------------------------------------------- 500
b. Rent ------------------------------------------------------------------------------------------------------------------------200
c. Private income --------------------------------------------------------------------------------------------------------- 2000
d. Mixed income of self-employed------------------------------------------------------------------------------------- 800
e. Compensation of employees ----------------------------------------------------------------------------------------1000
f. Consumption of fixed capital----------------------------------------------------------------------------------------- 100
g. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 50
h. Net retained earning of private enterprises----------------------------------------------------------------------- 150
i. Interest-------------------------------------------------------------------------------------------------------------------- 250
j. Net exports ------------------------------------------------------------------------------------------------------------- (-) 40
k. Corporation tax ----------------------------------------------------------------------------------------------------------200
l. Net indirect taxes ------------------------------------------------------------------------------------------------------- 160
m. Direct taxes paid by households------------------------------------------------------------------------------------ 120
[Ans. National income = Rs. 2,700 crore, personal disposable income = Rs. 1,530 crore]
Find National income on the basis of the following data:
Items
(Rs. in crore)
a. Rent and royalty ---------------------------------------------------------------------------------------------------------- 15
b. Wages and salary -------------------------------------------------------------------------------------------------------700
c. Net factor income from abroad-------------------------------------------------------------------------------------(-) 10
d. Contribution of employers to social security ---------------------------------------------------------------------- 50
e. Operating surplus--------------------------------------------------------------------------------------------------------- 60
[Ans. National income = Rs. 800 crore.]
Calculate (i) gross domestic product at market price (ii) gross national product at market price from the following
data by expenditure method.
Items
(Rs. in crore)
a. Personal final consumption expenditure---------------------------------------------------------------------------- 50
b. Government final consumption expenditure----------------------------------------------------------------------- 50
c. Gross domestic fixed capital formation----------------------------------------------------------------------------- 45
d. Increase in stocks ---------------------------------------------------------------------------------------------------------- 5
e. Exports of goods and services------------------------------------------------------------------------------------------ 8
f. Imports of goods and services-------------------------------------------------------------------------------------------6
g. Consumption of fixed capital--------------------------------------------------------------------------------------------- 6
h. Net factor income from abroad------------------------------------------------------------------------------------------ 5
i. Net indirect taxes----------------------------------------------------------------------------------------------------------20
[Ans. Gross domestic product at market price = Rs. 152 lakh, gross national product at market price = Rs.
157 lakh.]
From the following data calculate national income by (a) income method, and (b) expenditure method:
Items
(Rs. in crore)
a. Consumption of employees------------------------------------------------------------------------------------------- 800
b. Private final consumption expenditure---------------------------------------------------------------------------1,200
c. Profits ---------------------------------------------------------------------------------------------------------------------- 500
d. Rent ------------------------------------------------------------------------------------------------------------------------ 200
e. Government final consumption expenditure--------------------------------------------------------------------- 800
f. Interest ------------------------------------------------------------------------------------------------------------------- 150
g. Net factor income from abroad---------------------------------------------------------------------------------------- 20
h. Net indirect taxes------------------------------------------------------------------------------------------------------- 190
i. Mixed income of self-employed ------------------------------------------------------------------------------------ 630
j. Net exports------------------------------------------------------------------------------------------------------------- (-) 30

13

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.54

Q.55

Q.56

Q.57

k. Net domestic capital formation --------------------------------------------------------------------------------------500

l. Consumption of fixed capital -----------------------------------------------------------------------------------------150
[Ans. National income by (a) income method = Rs. 2300 crore, (b) expenditure method = Rs. 200 crore.]
Calculate Personal disposable income on the basis of following data:
Items
(Rs. in crore)
a. Different receipts of government administrative departments-------------------------------------------------- 5
b. Undistributed profits of private corporate sector------------------------------------------------------------------- 4
c. National debt interest---------------------------------------------------------------------------------------------------- 18
d. Personal tax---------------------------------------------------------------------------------------------------------------- 10
e. Private income------------------------------------------------------------------------------------------------------------400
f. Corporation tax------------------------------------------------------------------------------------------------------------- 6
[Ans. Personal disposable income = Rs. 375 crore.]
From the following data calculate gross national product at market price by (i) income method and (ii) expenditure
method.
Items
(Rs. in crore)
a. Net domestic capital formation---------------------------------------------------------------------------------------375
b. Compensation of employees---------------------------------------------------------------------------------------- 600
c. Net indirect taxes-------------------------------------------------------------------------------------------------------- 150
d. Profits ---------------------------------------------------------------------------------------------------------------------- 450
e. Rent-------------------------------------------------------------------------------------------------------------------------200
f. Private final consumption expenditure---------------------------------------------------------------------------1,100
g. Consumption of fixed capital----------------------------------------------------------------------------------------- 115
h. Government final consumption expenditure---------------------------------------------------------------------- 700
i. Interest---------------------------------------------------------------------------------------------------------------------250
j. Mixed income of self employed------------------------------------------------------------------------------------- 500
k. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 15
l. Net exports------------------------------------------------------------------------------------------------------------- (-) 25
[Ans. GNPMP = income method = Rs. 2,250 crore& expenditure method = Rs. 2,250 crore]
From the following data calculate national income by (i) income method and (ii) expenditure method.
Items
(Rs. in crore)
a. Compensation of employees---------------------------------------------------------------------------------------1,200
b. Net factor income from abroad------------------------------------------------------------------------------------ (-) 20
c. Net indirect taxes-------------------------------------------------------------------------------------------------------- 120
d. Profit ----------------------------------------------------------------------------------------------------------------------- 800
e. Private final consumption------------------------------------------------------------------------------------------- 2,000
f. Net domestic capital formation---------------------------------------------------------------------------------------770
g. Consumption of fixed capital------------------------------------------------------------------------------------------130
h. Rent------------------------------------------------------------------------------------------------------------------------ 400
i. Interest--------------------------------------------------------------------------------------------------------------------- 620
j. Mixed income of self-employed--------------------------------------------------------------------------------------700
k. Net exports-------------------------------------------------------------------------------------------------------------- (-) 30
l. Government final consumption expenditure------------------------------------------------------------------- 1,100
Ans. (i) Rs. 3,700 crore, (ii) Rs. 3,700 crore]
From the following data calculate national income by (i) income method and (ii) expenditure method:
Items
(Rs. in crore)
a. Private final consumption expenditure---------------------------------------------------------------------------- 900
b. Net domestic capital formation---------------------------------------------------------------------------------------200
c. Compensation of employees----------------------------------------------------------------------------------------- 500
d. Mixed income of self-employed------------------------------------------------------------------------------------- 400
e. Government final consumption expenditure--------------------------------------------------------------------- 400
f. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
g. Profit ----------------------------------------------------------------------------------------------------------------------- 220
h. Rent ------------------------------------------------------------------------------------------------------------------------- 90

14

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.58

Q.59

Q.60

Q.61

Q.62

i. Net exports------------------------------------------------------------------------------------------------------------ (-) 25

j. Interest -------------------------------------------------------------------------------------------------------------------- 100
k. Net indirect tax----------------------------------------------------------------------------------------------------------- 165
l. Net current transfers from rest of the world------------------------------------------------------------------------ 50
[Ans. (i) Rs. 1,300 crore; (ii) Rs. 1,300 crores]
From the following data calculate gross national product at market price by (i) income method and (ii) expenditure
method.
Items
(Rs. in crore)
a. Compensation of employees----------------------------------------------------------------------------------------- 400
b. Profits ---------------------------------------------------------------------------------------------------------------------- 250
c. Mixed income of self-employed ------------------------------------------------------------------------------------- 300
d. Rent-------------------------------------------------------------------------------------------------------------------------- 80
e. Interest ---------------------------------------------------------------------------------------------------------------------- 70
f. Private final consumption expenditure----------------------------------------------------------------------------- 700
g. Net domestic capital formation -------------------------------------------------------------------------------------- 120
h. Consumption of fixed capital------------------------------------------------------------------------------------------100
i. Net exports------------------------------------------------------------------------------------------------------------- (-) 10
j. Government final consumption expenditure----------------------------------------------------------------------350
k. Net indirect taxes-------------------------------------------------------------------------------------------------------- 60
l. Net factor income factor income from abroad------------------------------------------------------------------(-) 10
[Ans. (i) Rs. 1,250 crores; (ii) Rs. 1,250 crore]
Calculate Gross national disposable income from the following data:
Items
(Rs. in crore)
a. Net current transfers from rest of the world ---------------------------------------------------------------------- 100
b. National income------------------------------------------------------------------------------------------------------- 1,600
c. Consumption of fixed capital------------------------------------------------------------------------------------------150
d. Net factor income from abroad---------------------------------------------------------------------------------------- 20
e. Net indirect taxes-------------------------------------------------------------------------------------------------------- 180
[Ans. Gross national disposable income = Rs. 2,030 crore.]
Calculate Gross national disposable income from the following data:
Items
(Rs. in crore)
a. Net national product at factor cost ------------------------------------------------------------------------------- 3,000
b. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 50
c. Consumption of fixed capital----------------------------------------------------------------------------------------- 150
d. Net indirect taxes-------------------------------------------------------------------------------------------------------- 250
e. Net current transfers from rest of the world-----------------------------------------------------------------------300
[Ans. Gross national disposable income = Rs. 3,700 crore.]
Calculate gross national disposable income from the following data:
Items
(Rs. in crore)
a. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
b. National income------------------------------------------------------------------------------------------------------- 1,000
c. Net indirect taxes----------------------------------------------------------------------------------------------------------80
d. Net current transfers from rest of the world-----------------------------------------------------------------------150
e. Consumption of fixed capital------------------------------------------------------------------------------------------100
[Ans. Gross national disposable income = Rs. 1,330 crore]
Calculate Gross national disposable income from the following data:
Items
(Rs. in crore)
a. National income------------------------------------------------------------------------------------------------------- 2,000
b. Net factor income from abroad------------------------------------------------------------------------------------ (-) 50
c. Consumption of fixed capital----------------------------------------------------------------------------------------- 200
d. Net current transfers from rest of the world----------------------------------------------------------------------- 150
e. Net indirect taxes------------------------------------------------------------------------------------------------------- 250
[Ans. Gross national disposable income = Rs. 2600 crore.]

15

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.63

Q.64

Q.65

Q.66

Q.67

Q.68

Given the following information about Indian economy for the year 2004-2005.
Find out private income
Items
(Rs. in crore)
a. National income------------------------------------------------------------------------------------------------------- 2,580
b. National debt interest---------------------------------------------------------------------------------------------------100
c. Current transfers from government administrative departments-------------------------------------------- 100
d. Income from property and entrepreneurship accruing
to government administrative departments ------------------------------------------------------------------------ 40
e. Savings of government departmental enterprises---------------------------------------------------------------- 20
f. Current transfers from rest of the world----------------------------------------------------------------------------- 30
[Ans. Private income = Rs. 2,75,000 crore.]
From the following data estimate (i) GNP at Market Price (ii) Private Income and (iii) Personal Income.
Items
(Rs. in crore)
a. Gross domestic product at factor cost------------------------------------------------------------------------------750
b. Income from domestic product accruing to the private sector------------------------------------------------590
c. Net other current transfers from general government----------------------------------------------------------110
d. Net in direct taxes------------------------------------------------------------------------------------------------------- 130
e. Net other current transfers from abroad---------------------------------------------------------------------------- 80
f. Net factor income from abroad------------------------------------------------------------------------------------ (-) 70
g. Saving of the private corporate sector------------------------------------------------------------------------------- 60
h. Corporation tax------------------------------------------------------------------------------------------------------------ 20
[Ans. (i) GNP at Market Price = Rs 810 crore; (ii) Private Income = Rs. 710 crore; (iii) Personal income = Rs
630 crore]
Calculate net national disposable income from the following data:
Items
(Rs. in crore)
a. Gross national product at factor cost------------------------------------------------------------------------------- 800
b. Net current transfers from rest of the world------------------------------------------------------------------------ 50
c. Net indirect tax------------------------------------------------------------------------------------------------------------- 70
d. Consumption of fixed capital------------------------------------------------------------------------------------------- 60
e. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
[Ans. Net national disposable income = Rs. 860 crore.]
Calculate net national disposable income disposable income from the following data:
Items
(Rs. in crore)
a. Gross domestic product at market price------------------------------------------------------------------------ 1,000
b. Net factor income from abroad------------------------------------------------------------------------------------ (-) 20
c. Net indirect taxes-------------------------------------------------------------------------------------------------------- 120
d. Consumption of fixed capital----------------------------------------------------------------------------------------- 100
e. Net current transfers from rest of the world ------------------------------------------------------------------------50
[Ans. Net national disposable income = Rs. 930 crore.]
Calculate Net national disposable income from the following data:
Items
(Rs. in crore)
a. Gross domestic product at market price------------------------------------------------------------------------ 1,500
b. Net factor income from abroad------------------------------------------------------------------------------------ (-) 20
c. Consumption of fixed capital----------------------------------------------------------------------------------------- 100
d. Net current transfers from rest of the world-------------------------------------------------------------------- (-) 30
e. Net indirect taxes-------------------------------------------------------------------------------------------------------- 120
[Ans. Net national disposable income = Rs. 1,350]
Find out Private income from the following data:
Items
(Rs. in crore)
a. Corporation Tax------------------------------------------------------------------------------------------------------------- 4
b. Direct taxes paid by households --------------------------------------------------------------------------------------- 6
c. Saving of private corporate sector net of retained earnings of foreign companies ------------------------2
d. Miscellaneous receipts of government administrative departments------------------------------------------- 2

16

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.69

Q.70

Q.71

Q.72

Q.73

e. Personal disposable income------------------------------------------------------------------------------------------317

[Ans. Private income = Rs. 331 crore.]
Find out Personal Income from the following data:
Items
(Rs. in crore)
a. Direct taxes paid by households---------------------------------------------------------------------------------------- 3
b. Miscellaneous receipts of government administrative departments------------------------------------------- 1
c. National debt interest------------------------------------------------------------------------------------------------------ 5
d. Saving of private corporate sector-------------------------------------------------------------------------------------- 1
e. Corporation tax-------------------------------------------------------------------------------------------------------------- 3
f. Private income----------------------------------------------------------------------------------------------------------- 196
[Ans. Personal income = Rs 192 crore.]
From the following data estimate (i) personal income (ii) private income and (iii) personal disposable income.
Items
(Rs. in crore)
a. National income------------------------------------------------------------------------------------------------- ------ 2,500
b. Corporate profit tax------------------------------------------------------------------------------------------------------- 25
c. National debt interest-----------------------------------------------------------------------------------------------------30
d. Direct personal taxes-----------------------------------------------------------------------------------------------------75
e. Saving of private corporate sector------------------------------------------------------------------------------------ 50
f. Income from property and entrepreneurship accruing to government
administrative departments--------------------------------------------------------------------------------------------- 75
g. Current transfers from government administrative departments---------------------------------------------- 70
h. Savings of non-department public enterprises-------------------------------------------------------------------- 10
i. Current transfers from rest of the world ---------------------------------------------------------------------------- 30
[Ans. Personal income = Rs. 2,470 crore, private income = Rs. 2,545 crore, personal disposable income =
Rs. 2,395 crore]
Given the following information, calculate (1) factor income from domestic product accruing to the private sector (2)
personal disposable income.
Items
(Rs. in crore)
a. Interest on national debt-------------------------------------------------------------------------------------------------10
b. Corporate saving---------------------------------------------------------------------------------------------------------- 30
c. Corporate tax---------------------------------------------------------------------------------------------------------------15
d. Current transfers from the government administrative departments----------------------------------------- 20
e. Net domestic product at factor cost---------------------------------------------------------------------------------450
f. Saving of non-departmental enterprises---------------------------------------------------------------------------- 20
g. Current transfers from rest of the world------------------------------------------------------------------------------ 5
h. Payment of direct taxes by the households------------------------------------------------------------------------ 15
i. Net factor income from rest of the world-------------------------------------------------------------------------- (-) 5
j. Property and entrepreneurial income of the government administrative department--------------------25
[Ans. Factor income from domestic product accruing to the private sector = Rs. 405 crore, personal
disposable income = Rs. 375 crore]
Find out Personal income from the following data:
Items
(Rs. in crore)
a. Private income------------------------------------------------------------------------------------------------------- 48,800
b. Interest on national debt-------------------------------------------------------------------------------------------- 1,000
c. Net factor income from abroad ------------------------------------------------------------------------------------- 300
d. Corporate savings------------------------------------------------------------------------------------------------------ 800
e. Corporation tax-----------------------------------------------------------------------------------------------------------210
f. Personal income tax---------------------------------------------------------------------------------------------------- 540
[Ans. Personal income = Rs 47,79]
Calculate private income, personal income and personal disposable income from the following data:
Items
(Rs. in crore)
a. Net national product at factor cost ----------------------------------------------------------------------------- 52,500
b. Corporation profit tax------------------------------------------------------------------------------------------------ 1,500

17

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.74

Q.75

Q.76

Q.77

c. Undistributed profit of corporation-------------------------------------------------------------------------------- 2,500

d. Portion of national income accruing to government sector-------------------------------------------------1,700
e. Interest on national debt----------------------------------------------------------------------------------------------- 700
f. Current transfers income---------------------------------------------------------------------------------------------- 200
g. Personal income tax---------------------------------------------------------------------------------------------------- 300
[Ans. Private income = Rs. 51,700 crore. Personal income = Rs 47,700 crore, personal disposable income =
Rs. 47,400 crore]
From the following data estimate (i) National income (ii) Personal Income (iii) Private income.
Items
(Rs. in crore)
a. Net national product at Market price------------------------------------------------------------------------------1,015
b. Income from entrepreneurship and property accruing
to government administrative department
25
c. Indirect taxes-------------------------------------------------------------------------------------------------------------- 150
d. Subsidies-------------------------------------------------------------------------------------------------------------------- 20
e. Saving of non-department enterprises------------------------------------------------------------------------------- 5
f. National debt interest-----------------------------------------------------------------------------------------------------10
g. Current transfers from government-----------------------------------------------------------------------------------25
h. Current transfers from rest of the world----------------------------------------------------------------------------- 10
i. Saving of private corporate sector----------------------------------------------------------------------------------- 15
j. Corporate profit tax------------------------------------------------------------------------------------------------------- 10
[Ans. (i) National income = Rs. 885 crore; (ii) personal income = Rs. 875 crore; Private income = Rs. 900
crore]
From the data given below estimate (i) Gross domestic product at market price (ii) private income (iii) personal
income.
Items
(Rs. in crore)
a. National income------------------------------------------------------------------------------------------------------- 1,200
b. Consumption of fixed capital---------------------------------------------------------------------------------------- 300
c. Net factor income from abroad---------------------------------------------------------------------------------- (-) 100
d. Net indirect taxes-------------------------------------------------------------------------------------------------------- 400
e. Income from domestic product accruing to private sector---------------------------------------------------- 800
f. Net current transfers from government administrative departments--------------------------------------- 300
g. Net other current transfers from rest of the world-------------------------------------------------------------- 200
h. Saving of the private corporate sector----------------------------------------------------------------------------- 200
i. Corporation tax---------------------------------------------------------------------------------------------------------- 100
[Ans. (i) Gross domestic product at market price = Rs. 2,000 crore; (ii) Private income = Rs. 1,200 crore;
(iii) Personal Income = Rs 900 crore]
Will the following be included in domestic factor income of India? Give reasons for your answer.
a. Profits earned by a foreign bank form its branches in India.
b. Scholarships given by government of India
c. Profit earned by a resident of India from his company in Singapore.
d. Salaries received by Indians working in American embassy in India.
From the following data, calculate national income by (a) income method and (b) expenditure method:
Items
(Rs. in crore)
a. Private final consumption expenditure---------------------------------------------------------------------------2,000
b. Net capital formation--------------------------------------------------------------------------------------------------- 400
c. Change in stock----------------------------------------------------------------------------------------------------------- 50
d. Compensation of employees---------------------------------------------------------------------------------------1,900
e. Rent-------------------------------------------------------------------------------------------------------------------------200
f. Interest ---------------------------------------------------------------------------------------------------------------------150
g. Operating surplus------------------------------------------------------------------------------------------------------- 720
h. Net indirect tax----------------------------------------------------------------------------------------------------------- 400
i. Employers contribution to social security schemes------------------------------------------------------------ 100
j. Net exports----------------------------------------------------------------------------------------------------------------- 20

18

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.78

k. Net factor income from abroad------------------------------------------------------------------------------------ (-) 20

l. Government final consumption expenditure---------------------------------------------------------------------- 600
m. Consumption of fixed capital------------------------------------------------------------------------------------------100
[Ans. NNPFC (Income Method) = Rs. 2,600 crore NNPFC (Expenditure method)= Rs 2,600 crore]
From the following data calculate:

a. Private income, and (b) personal disposable income:

Q.79

Q.80

Q.81

Items
(Rs. in crore)
a. Income from domestic product accruing to the private sector--------------------------------------------- 4,000
b. Saving of non-departmental public enterprises------------------------------------------------------------------ 200
c. Current transfers from government administrative departments-------------------------------------------- 150
d. Savings of private corporate sector-------------------------------------------------------------------------------- 400
e. Current transfers from rest of the world----------------------------------------------------------------------------- 50
f. Net factor income from abroad------------------------------------------------------------------------------------ (-) 40
g. Corporation tax----------------------------------------------------------------------------------------------------------- 60
h. Direct personal taxes--------------------------------------------------------------------------------------------------- 140
[Ans. Private Income = Rs 4,160 crore Personal Disposable income = Rs. 3,560 crore)
From the following data calculate net national product at factor cost by: income method and expenditure method:
Items
(Rs. in crore)
a. Current transfers from rest of the world----------------------------------------------------------------------------100
b. Government final consumption expenditure------------------------------------------------------------------- 1,000
c. Wages and salaries-------------------------------------------------------------------------------------------------- 3,800
d. Dividend------------------------------------------------------------------------------------------------------------------- 500
e. Rent------------------------------------------------------------------------------------------------------------------------- 200
f. Interest---------------------------------------------------------------------------------------------------------------------150
g. Net domestic capital formation---------------------------------------------------------------------------------------500
h. Profits----------------------------------------------------------------------------------------------------------------------- 800
i. Employers contribution to social security schemes------------------------------------------------------------ 200
j. Net exports-------------------------------------------------------------------------------------------------------------- (-) 50
k. Net factor income from abroad------------------------------------------------------------------------------------ (-) 30
l. Consumption of fixed capital------------------------------------------------------------------------------------------- 40
m. Private final consumption expenditure---------------------------------------------------------------------------4,000
n. Net indirect tax----------------------------------------------------------------------------------------------------------- 300
[Ans. NNPFC (Income Method)=- Rs. 5,120 crore, NNPFC (Expenditure Method)= Rs. 5,120 crore]
Calculate (a) private income, and (b) personal disposable income from the following data:
Items
(Rs. in crore)
a. Income from property and entrepreneurship accruing to government
administrative departments ----------------------------------------------------------------------------------------- 500
b. Saving of non-department public enterprises-------------------------------------------------------------------- 100
c. Corporation tax------------------------------------------------------------------------------------------------------------ 80
d. Income from domestic product accruing to private sector-------------------------------------------------- 4,500
e. Current transfers from government administrative departments-------------------------------------------- 200
f. Net factor income from abroad------------------------------------------------------------------------------------ (-) 50
g. Direct personal taxes--------------------------------------------------------------------------------------------------- 150
h. Indirect tax-----------------------------------------------------------------------------------------------------------------220
i. Current transfer from rest of the world------------------------------------------------------------------------------ 80
j. Saving of private corporate sector---------------------------------------------------------------------------------- 500
[Ans. Private Income = Rs. 4,730 crore, Personal Disposable income = Rs. 4,000crore]
From the following data calculate gross value added at factor cost
Items
(Rs. in lakhs)
a. Sales----------------------------------------------------------------------------------------------------------------------- 180
b. Rent--------------------------------------------------------------------------------------------------------------------------- 5
c. Subsidies-------------------------------------------------------------------------------------------------------------------- 10

19

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.82

Q.83

Q.84

Q.85

Q.86

Q.87

d. Change in stock----------------------------------------------------------------------------------------------------------- 15
e. Purchase of raw materials---------------------------------------------------------------------------------------------100
f. Profits----------------------------------------------------------------------------------------------------------------------- 25
[Ans. GVAFC = Rs. 105 lakh]
From the following data calculate gross value added at factor cost:
Items
(Rs. in lakhs)
a. Net indirect tax ----------------------------------------------------------------------------------------------------------- 20
b. Purchase of intermediate products--------------------------------------------------------------------------------- 120
c. Purchase of machines ------------------------------------------------------------------------------------------------ 300
d. Sales----------------------------------------------------------------------------------------------------------------------- 250
e. Consumption of fixed capital------------------------------------------------------------------------------------------- 20
f. Change in stock ---------------------------------------------------------------------------------------------------------- 30
[Ans. GVAFC = Rs 140 lakh]
On the basis to following real data at current prices of Indian economy during 1982-83, find out NNPFC, GNPMP,
GNPFC and NDPMP
(Rs. in crores)
NDPFC---------------------------------------------------------------------------------------------------------------------------1,33,151
Depreciation--------------------------------------------------------------------------------------------------------------------- 11,242
Net indirect taxes---------------------------------------------------------------------------------------------------------------19,183
Net income from abroad ----------------------------------------------------------------------------------------------------- (-) 681
[Ans. NNPFC = 1,32,470, GNPMP = 1,62,895, GNPFC = 1,43,712, NDPMP = 1,52,334]
Calculate from the following data: (1) Net domestic product (NDP), (2) Net national product at market price
(NNPMP), (3) Net national product at factor cost (NNPFC), (4) gross national product.
(Rs. in crores)
Depreciation------------------------------------------------------------------------------------------------------------------------- 100
Net income from abroad--------------------------------------------------------------------------------------------------------- 300
Gross domestic product (GDP) -------------------------------------------------------------------------------------------- 15,000
Subsidies by Govt. ------------------------------------------------------------------------------------------------------------------50
Indirect taxes-------------------------------------------------------------------------------------------------------------------------- 75
[Ans. NDP = 14,900 crores, NNPMP = 15,200, NNPFC = 15,175 crores, GNP = 15,300 crores]
From the following given below calculate (a) GDP at MP, and (b) NNP at FC.
(Rs. in crore)
NDP at MP ---------------------------------------------------------------------------------------------------------------------- 74,905
Net indirect taxes---------------------------------------------------------------------------------------------------------------- 8,344
Income from domestic product accruing to Govt. ---------------------------------------------------------------------- 1,972
Current transfer to households----------------------------------------------------------------------------------------------- 2,305
Depreciation---------------------------------------------------------------------------------------------------------------------- 4,486
Net factor income from abroad-------------------------------------------------------------------------------------------- ( -) 232
[Ans. GDP at MP = 79,391 crores, NNP at FC = 66,329 crores.]
Find out NDP from given data.
(Rs. in crores)
GNP at MP---------------------------------------------------------------------------------------------------------------------- 97,503
Net factor income from abroad--------------------------------------------------------------------------------------------- (-) 20
Net indirect of fixed capital-------------------------------------------------------------------------------------------------- 10, 576
Consumption of fixed capital ------------------------------------------------------------------------------------------------ 5,699
[Ans. NDP at MP = 92,005 crores]
Calculate net value added at FC from the following:
(Rs. in lakhs)
a. Purchase of material------------------------------------------------------------------------------------------------------30
b. Depreciation---------------------------------------------------------------------------------------------------------------- 12
c. Sales------------------------------------------------------------------------------------------------------------------------ 200
d. Excise tax------------------------------------------------------------------------------------------------------------------- 20
e. Opening stock-------------------------------------------------------------------------------------------------------------- 15

20

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.88

Q.89

Q.90

Q.91

Q.92

f. Intermediate consumption---------------------------------------------------------------------------------------------- 48
g. Closing stock--------------------------------------------------------------------------------------------------------------- 10
[Ans. NVA at FC = 115 lakhs]
From the following data about firm x, calculate gross value added at FC by it.
(Rs. in thousands)
a. Sales -----------------------------------------------------------------------------------------------------------------------500
b. Opening stock ------------------------------------------------------------------------------------------------------------- 30
c. Closing stock-------------------------------------------------------------------------------------------------------------- 20
d. Purchase of intermediate products--------------------------------------------------------------------------------- 300
e. Purchase of machinery------------------------------------------------------------------------------------------------ 150
f. Subsidy--------------------------------------------------------------------------------------------------------------------- 40
[Ans. Gross value added = 190, Gross Value added at FC = 230 thousands]
From the following data about firm A, calculate net value added at market price by it.
(Rs. in thousand)
a. Sales -----------------------------------------------------------------------------------------------------------------------700
b. Change in stock----------------------------------------------------------------------------------------------------------- 40
c. Depreciation---------------------------------------------------------------------------------------------------------------- 80
d. Net indirect taxes-------------------------------------------------------------------------------------------------------- 100
e. Purchase of machinery------------------------------------------------------------------------------------------------ 250
f. Purchase of intermediate products--------------------------------------------------------------------------------- 400
[Ans. NVA at MP = 260 thousands]
Calculate gross value added at FC from the following data:
(Rs. in lakhs)
a. Consumption of fixed capital---------------------------------------------------------------------------------------------5
b. Sales----------------------------------------------------------------------------------------------------------------------- 100
c. Subsidies--------------------------------------------------------------------------------------------------------------------- 2
d. Closing stock--------------------------------------------------------------------------------------------------------------- 10
e. Purchase of raw materials---------------------------------------------------------------------------------------------- 50
f. Opening stock ------------------------------------------------------------------------------------------------------------ 15
g. Indirect taxes -------------------------------------------------------------------------------------------------------------- 10
[Ans. GVA at FC = 37 lakhs]
From the following data, calculate gross value added at FC.
(Rs. in lakhs)
a. Sales----------------------------------------------------------------------------------------------------------------------- 180
b. Rent --------------------------------------------------------------------------------------------------------------------------- 5
c. Subsidies------------------------------------------------------------------------------------------------------------------- 10
d. Change in stock----------------------------------------------------------------------------------------------------------- 15
e. Purchase of raw materials-------------------------------------------------------------------------------------------- 100
f. Profits------------------------------------------------------------------------------------------------------------------------ 25
[Ans. GVA at FC = 105 lakhs]
Calculate (a) Net national disposable income (NNDI) and (b) Personal income from the following data:
(Rs. in crores)
a. Net indirect taxes--------------------------------------------------------------------------------------------------------- 90
b. Compensation of employees----------------------------------------------------------------------------------------- 400
c. Personal taxes------------------------------------------------------------------------------------------------------------ 100
d. Operating surplus--------------------------------------------------------------------------------------------------------200
e. Corporation profit tax---------------------------------------------------------------------------------------------------- 80
f. Mixed income of self employed-------------------------------------------------------------------------------------- 500
g. National debt interest---------------------------------------------------------------------------------------------------- 70
h. Savings of non departmental enterprises-------------------------------------------------------------------------- 40
i. Current transfers from government---------------------------------------------------------------------------------- 60
j. Income from property and entrepreneurship to govt. administrative departments----------------------- 30
k. Net current transfers to ROW ----------------------------------------------------------------------------------------- 20

21

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.93

Q.94

Q.95

Q.96

Q.97

Q.98

l. Net income from abroad-------------------------------------------------------------------------------------------- ()50

[Ans. Domestic income = Rs. 1100 crores, NNDI = 1120 crores, Private Income = Rs. 1090 crores.]
From the following data, calculate gross value added at FC.
(Rs. in lakhs)
a. Net indirect taxes ---------------------------------------------------------------------------------------------------------20
b. Purchase of intermediate products--------------------------------------------------------------------------------- 120
c. Purchase of machines------------------------------------------------------------------------------------------------- 300
d. Sales----------------------------------------------------------------------------------------------------------------------- 250
e. Consumption of fixed capital------------------------------------------------------------------------------------------ 20
f. Change in stock----------------------------------------------------------------------------------------------------------- 30
[Ans. GVA at FC = 140 lakhs]
Calculate net value added at MP from the following data.
(Rs. in lakhs)
a. Depreciation----------------------------------------------------------------------------------------------------------------- 5
b. Sales------------------------------------------------------------------------------------------------------------------------100
c. Opening stock-------------------------------------------------------------------------------------------------------------- 20
d. Intermediate consumption---------------------------------------------------------------------------------------------- 70
e. Excise duty----------------------------------------------------------------------------------------------------------------- 10
f. Change in stocks------------------------------------------------------------------------------------------------------ (-)10
[Ans. NVA at MP = 15 crores.]
From the following data relating to a firm, calculate net value added at FC.
(Rs. in crores)
a. Subsidy---------------------------------------------------------------------------------------------------------------------- 40
b. Sales------------------------------------------------------------------------------------------------------------------------ 800
c. Depreciation---------------------------------------------------------------------------------------------------------------- 30
d. Exports--------------------------------------------------------------------------------------------------------------------- 100
e. Closing stock-------------------------------------------------------------------------------------------------------------- 20
f. Opening stock------------------------------------------------------------------------------------------------------------- 50
g. Intermediate purchases------------------------------------------------------------------------------------------------500
[Ans. NVA at FC = Rs. 280 crores.]
Find out private income from the following data:
(Rs. in crores)
a. Income from domestic product accruing to private sector---------------------------------------------------- 254
b. Net current transfer paid to rest of world----------------------------------------------------------------------------- 4
c. Net current transfer from Govt. administrative dept. -------------------------------------------------------------10
d. National debt interest---------------------------------------------------------------------------------------------------- 10
e. Net factor income from abroad--------------------------------------------------------------------------------------- (-)3
[Ans. Private income = Rs. 267 crores]
From the following data, calculate private income
(Rs. in crores)
a. Income from domestic product accruing to private sector ------------------------------------------------- 4000
b. Savings of non-departmental public enterprises---------------------------------------------------------------- 200
c. Current transfers from Govt. administrative deptt. ------------------------------------------------------------- 150
d. Saving of private sector----------------------------------------------------------------------------------------------- 400
e. Current transfers from rest of the world---------------------------------------------------------------------------- 50
f. Net factor income from abroad------------------------------------------------------------------------------------ ()40
g. Corporation tax------------------------------------------------------------------------------------------------------------ 60
h. Direct personal taxes--------------------------------------------------------------------------------------------------- 140
[Ans. Private income = 4160 crores]
Calculate personal income from the following data:
(Rs. in crores)
a. Net national product (National income) ----------------------------------------------------------------------- 54,500
b. Corporate profit tax--------------------------------------------------------------------------------------------------- 1,520

22

Learning Economics becomes a childs play. Prasanta Saha Sir

c.
d.
e.
f.

Q.99

Undistributed profits of companies------------------------------------------------------------------------------- 3,500

Share of national income accruing to government sector-------------------------------------------------- 1,680
Interest on national debt----------------------------------------------------------------------------------------------- 700
Current transfer
i. From government ----------------------------------------------------------------------------------------- 1,200
ii. From rest of the world--------------------------------------------------------------------------------------- 300
g. Personal income tax--------------------------------------------------------------------------------------------------- 250
[Ans. Personal income = 50,000crores]
Calculate Personal disposable income (PDI) from the following data.

(Rs. in crores)
a. Personal taxes----------------------------------------------------------------------------------------------------------- 60
b. NNP at FC accruing to private sector----------------------------------------------------------------------------- 600
c. Undistributed profit------------------------------------------------------------------------------------------------------- 10
d. National debt interest---------------------------------------------------------------------------------------------------- 50
e. Corporation tax---------------------------------------------------------------------------------------------------------- 100
f. Net current transfers from ROW---------------------------------------------------------------------------------- ()20
g. Current transfers from government-----------------------------------------------------------------------------------30
[Ans. PDI = 490 crores.]
Q.100 Calculate (a) private income (b) personal disposable income from the following data:
(Rs. in crores)
a. Income from property and entrepreneurship to govt. adm. Dept. ------------------------------------------ 500
b. Savings of non-department public enterprises------------------------------------------------------------------ 100
c. Corporation tax------------------------------------------------------------------------------------------------------------ 80
d. Income from domestic product accruing to private sector-------------------------------------------------- 4,500
e. Current transfers from govt. administrative departments------------------------------------------------------200
f. Net factor income from abroad----------------------------- ------------------------------------------------------ ()50
g. Direct personal taxes--------------------------------------------------------------------------------------------------- 150
h. Indirect tax-----------------------------------------------------------------------------------------------------------------220
i. Current transfers from rest of the world----------------------------------------------------------------------------- 80
j. Saving of private corporate sector---------------------------------------------------------------------------------- 500
[Ans. Private income = 4,730 crores, PDI = 4,000 crores.]
Q.101 Calculate private income from the following data
(Rs. in crores)
a. National debt interest---------------------------------------------------------------------------------------------------- 30
b. Gross national product at MP---------------------------------------------------------------------------------------- 400
c. Current transfers from government-----------------------------------------------------------------------------------20
d. Net indirect taxes--------------------------------------------------------------------------------------------------------- 40
e. Net current transfers from rest of the world-------------------------------------------------------------------- (-) 10
f. Net domestic product at FC accruing to government------------------------------------------------------------ 50
g. Consumption of fixed capital-------------------------------------------------------------------------------------------70
[Ans. Private income = 280 crores]
Q.102 Calculate (a) private income and (b) personal disposable income (PDI) from the following data:
(Rs. in crores)
a. Savings of private corporate sector-------------------------------------------------------------------------------- 50
b. Savings of non-departmental public enterprises---------------------------------------------------------------- 200
c. Capital transfers from rest of the world----------------------------------------------------------------------------- 50
d. Current transfers from govt. administrative departments----------------------------------------------------- 100
e. Corporation tax---------------------------------------------------------------------------------------------------------- 150
f. Income from domestic product accruing to private sector-------------------------------------------------- 3500
g. Net indirect taxes------------------------------------------------------------------------------------------------------- 300
h. Net factor income from abroad------------------------------------------------------------------------------------ (-) 30
i. Current transfers from rest of the world----------------------------------------------------------------------------- 40
j. Direct personal taxes--------------------------------------------------------------------------------------------------- 110

23

Learning Economics becomes a childs play. Prasanta Saha Sir

[Ans. Private income = 3610 crores, PDI= 2850 crores.]

Q.103 Find out personal income from the following data:

Q.104

Q.105

Q.106

Q.107

(Rs. in crores)
a. Income from domestic product accruing to private sector---------------------------------------------------- 224
b. Net current transfer from rest of the world----------------------------------------------------------------------------3
c. Net current transfers form Govt. --------------------------------------------------------------------------------------- 9
d. National debt interest----------------------------------------------------------------------------------------------------- 8
e. Undistributed profit -------------------------------------------------------------------------------------------------------- 1
f. Corporation tax------------------------------------------------------------------------------------------------------------- 3
[Ans. Personal income = 240 crore]
Calculate from the following data: (a) private income, (b) personal income, and (c) personal disposable income.
(Rs. in crores)
a. Factor income from NDP accruing to private sector------------------------------------------------------------ 300
b. Income from entrepreneurship and property accruing to government
administrative departments---------------------------------------------------------------------------------------------70
c. Saving of non-departmental enterprises--------------------------------------------------------------------------- 60
d. Factor income from abroad-------------------------------------------------------------------------------------------- 20
e. Consumption of fixed capital------------------------------------------------------------------------------------------- 35
f. Current transfers from rest of the world----------------------------------------------------------------------------- 15
g. Corporation tax------------------------------------------------------------------------------------------------------------ 25
h. Factor income to abroad------------------------------------------------------------------------------------------------ 30
i. Current transfers from govt. administrative departments------------------------------------------------------- 40
j. Direct taxes paid by households---------------------------------------------------------------------------------------20
k. National debt interest------------------------------------------------------------------------------------------------------ 5
l. Savings of private corporate sector---------------------------------------------------------------------------------- 80
[Ans. Private income = 350 crores, Personal income = 245 crores, PDI = 225 crores]
From the following data calculate (a) Private Income (b) Personal Income (c) Personal Disposable Income.
a. Income from property and entrepreneurship accruing to government
administrative departments------------------------------------------------------------------------------------------- 100
b. Savings of non-department enterprises----------------------------------------------------------------------------- 80
c. Factor income from NDP accruing to private sector------------------------------------------------------------ 500
d. Corporation tax------------------------------------------------------------------------------------------------------------ 30
e. Savings of private corporate sector net of retained earnings of foreign companies-------------------- 65
f. Direct taxes paid by households-------------------------------------------------------------------------------------- 20
g. Current transfers from Govt. administrative departments------------------------------------------------------ 10
h. Current transfers from rest of the world----------------------------------------------------------------------------- 20
i. Factor income to abroad------------------------------------------------------------------------------------------------ 15
j. Operating surplus--------------------------------------------------------------------------------------------------------150
k. Factor income from abroad---------------------------------------------------------------------------------------------- 5
[Ans. Private Income = 520 crores., personal income 425crores, PDIisposable income = 405crores]
On the basis of following information, calculate personal disposable income:
a. Private income--------------------------------------------------------------------------------------------------------- 2,000
b. Income accruing to corporations------------------------------------------------------------------------------------5,00
c. Personal income tax---------------------------------------------------------------------------------------------------- 100
d. Dividend--------------------------------------------------------------------------------------------------------------------- 50
e. Miscellaneous receipts of Govt. administrative department----------------------------------------------------50
[Ans. Personal income = 1,550, personal disposable income = 1,400]
Calculate national income from the following:
(Rs. in crores)
a. Rent --------------------------------------------------------------------------------------------------------------------------80
b. Interest--------------------------------------------------------------------------------------------------------------------- 100
c. Profits----------------------------------------------------------------------------------------------------------------------- 210
d. Tax on profits--------------------------------------------------------------------------------------------------------------- 30

24

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.108

Q.109

Q.110

Q.111

e. Employees contribution to S.S. schemes--------------------------------------------------------------------------- 25

f. Mixed income of self-employed------------------------------------------------------------------------------------- 250
g. Net indirect taxes----------------------------------------------------------------------------------------------------------60
h. Employers contribution to S.S. schemes-------------------------------------------------------------------------- 50
i. Compensation of employees----------------------------------------------------------------------------------------- 500
j. Net factor income from abroad----------------------------------------------------------------------------------- (-) 20
[Ans. Domestic income = 1,140, National Income = 1,120crores]
From the following data, calculate (a) personal disposable income and (b) National income .
(Rs. in crores.)
a. Private income--------------------------------------------------------------------------------------------------------- 3000
b. Compensation of employees----------------------------------------------------------------------------------------- 800
c. Mixed income of self employed-------------------------------------------------------------------------------------- 900
d. Net factor income from abroad----------------------------------- ----------------------------------------------- () 50
e. Net retained earnings of private enterprises----------------------------------------------------------------------600
f. Rent-------------------------------------------------------------------------------------------------------------------------350
g. Profit------------------------------------------------------------------------------------------------------------------------ 600
h. Consumption of fixed capital----------------------------------------------------------------------------------------- 200
i. Direct taxes paid by households------------------------------------------------------------------------------------ 300
j. Corporation tax-----------------------------------------------------------------------------------------------------------350
k. Net indirect taxes--------------------------------------------------------------------------------------------------------250
l. Net exports---------------------------------------------------------------------------------------------------------------- -70
m. Interest--------------------------------------------------------------------------------------------------------------------- 450
[Ans. Personal disposable income = 1750 crores, national income (NNP at FC) = 3050 crores.]
From the following data, calculate (a) national income, and (b) personal disposal income.
(Rs. in crores)
a. Compensation of employees----------------------------------------------------------------------------------------1200
b. Rent------------------------------------------------------------------------------------------------------------------------ 400
c. Profit----------------------------------------------------------------------------------------------------------------------- 800
d. Consumption of fixed capital----------------------------------------------------------------------------------------- 300
e. Mixed income of self employed------------------------------------------------------------------------------------ 1000
f. Private income--------------------------------------------------------------------------------------------- -------------3600
g. Net factor income from abroad----------------------------------------------------------------------------------- () 50
h. Net retained earnings of private enterprises--------------------------------------------------------------------- 200
i. Interest--------------------------------------------------------------------------------------------------------------------- 250
j. Net indirect taxes --------------------------------------------------------------------------------------------------------350
k. Net exports------------------------------------------------------------------------------------------------------------- () 60
l. Direct taxes paid by households-------------------------------------------------------------------------------------150
m. Corporate tax------------------------------------------------------------------------------------------------------------- 100
[Ans. National income = 3600crores, personal disposal income= 3150crores.]
Calculate (a) private income (b) personal disposable income from the following data:
(Rs. in crores)
a. Income form property and entrepreneurship to govt. adm. Deptt. ------------------------------------------500
b. Savings of non-departmental public enterprises-----------------------------------------------------------------100
c. Corporation tax------------------------------------------------------------------------------------------------------------ 80
d. Income from domestic product accruing to private sector---------------------------------------------------4500
e. Current transfers from govt. administrative departments----------------------------------------------------- 200
f. Net factor income from abroad------------------------------------------------------------------------------------ ()50
g. Direct personal taxes--------------------------------------------------------------------------------------------------- 150
h. Indirect tax---------------------------------------------------------------------------------------------------------------- 220
i. Current transfers from rest of the world---------------------------------------------------------------------------- 80
j. Savings of private corporate sector-------------------------------------------------------------------------------- 500
[Ans. Private income = 4730 crores, PDI 4000 crores]
Calculate (a) private income and (b) Personal disposable income (PDI) from the following data:
(Rs. in crores)

25

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.112

Q.113

Q.114

Q.115

Q.116

a. Savings of private corporate sector-------------------------------------------------------------------------------- 500

b. Savings of non-departmental public enterprises---------------------------------------------------------------- 200
c. Capital transfers from rest of the world----------------------------------------------------------------------------- 50
d. Current transfers for govt. administrative deptt. ---------------------------------------------------------------- 100
e. Corporation tax---------------------------------------------------------------------------------------------------------- 150
f. Income from domestic product accruing to private sector---------------------------------------------------3500
g. Net indirect taxes-------------------------------------------------------------------------------------------------------- 300
h. Net factor income from abroad------------------------------------------------------------------------------------- (-30)
i. Current transfer from rest of the world ----------------------------------------------------------------------------- 40
j. Direct personal taxes--------------------------------------------------------------------------------------------------- 110
[Ans. Private income = 3610 crores, (b) PDI = 2850 crores]
Calculate GNP at MP and personal disposal income (PDI) from the following data:
(Rs in crore)
a. Subsidy-----------------------------------------------------------------------------------------------------------------------20
b. Net factor income from abroad------------------------------------------------------------------------------------ (-) 60
c. Gross national disposable income-------------------------------------------------------------------------------- 1050
d. Personal tax--------------------------------------------------------------------------------------------------------------- 110
e. Savings of private corporations-------------------------------------------------------------------------------------- 40
f. National income-------------------------------------------------------------------------------------------------------- 900
g. Indirect tax-----------------------------------------------------------------------------------------------------------------100
h. Corporation tax------------------------------------------------------------------------------------------------------------ 90
i. Net national disposable income------------------------------------------------------------------------------------1000
j. National debt interest---------------------------------------------------------------------------------------------------- 30
k. Net current transfer from abroad------------------------------------------------------------------------------------- 20
l. Current transfer from abroad------------------------------------------------------------------------------------------ 50
m. Misc. receipts of govt. administrative department---------------------------------------------------------------- 30
n. Private income---------------------------------------------------------------------------------------------------------- 700
[Ans. GNP at MP = 1030crores, personal disposable income = 430 crores.]
Calculate gross national disposable income from the following data.
a. Gross national product at factor cost------------------------------------------------------------------------------- 400
b. Net factor income from abroad---------------------------------------------------------------------------------------- 20
c. Consumption of fixed capital------------------------------------------------------------------------------------------- 30
d. Indirect taxes-------------------------------------------------------------------------------------------------------------- 50
e. Subsidies------------------------------------------------------------------------------------------------------------------- 10
f. Current transfer from rest of the world------------------------------------------------------------------------------ 25
[Ans. Gross national disposable = 465crores]
Calculate Gross national disposal income (GNDI) from the following data.
a. National income (NNP at FC) ------------------------------------------------------------------------------------- 2000
b. Net current transfers from rest of the world---------------------------------------------------------------------- 200
c. Consumption of fixed capital------------------------------------------------------------------------------------------100
d. Net factor income from abroad------------------------------------------------------------------------------------ (-) 50
e. Net indirect taxes (NIT) ----------------------------------------------------------------------------------------------- 250
[Ans. GNDI = 2,550 crores]
Calculate net national disposable income (NNDI) from the following data.
(Rs in crores)
a. GDP at FC---------------------------------------------------------------------------------------------------------------- 800
b. Net current transfers from ROW-------------------------------------------------------------------------------------- 50
c. Net indirect tax-------------------------------------------------------------------------------------------------------------70
d. Consumption of fixed capital------------------------------------------------------------------------------------------- 60
e. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
[Ans. NNDI = 860 crores]
From the following data calculate GNP at MP through expenditure method.
(Rs in crores)
a. Inventory investment---------------------------------------------------------------------------------------------------- 10

26

Learning Economics becomes a childs play. Prasanta Saha Sir

b. Exports-----------------------------------------------------------------------------------------------------------------------20
c. Net factor income--------------------------------------------------------------------------------------------------------- -5
d. Personal consumer expenditure-------------------------------------------------------------------------------------350
e. Gross residential construction investment-------------------------------------------------------------------------- 30
f. Govt. purchase of goods and services---------------------------------------------------------------------------- 100
g. Gross public investment------------------------------------------------------------------------------------------------- 20
h. Gross business fixed investment--------------------------------------------------------------------------------------30
i. Imports----------------------------------------------------------------------------------------------------------------------- 10
[Ans. GDPMP = 550, GNPMP = 545 crores]
Q.117 Calculate from the following data NNP at MP by (i) income method and expenditure method
(Rs in crores)
a. Compensation of employees paid by the govt---------------------------------------------------------------------40
b. Mixed income of self-employed--------------------------------------------------------------------------------------- 50
c. Wages and salaries----------------------------------------------------------------------------------------------------- 400
d. Employers contribution to social security schemes--------------------------------------------------------------80
e. Operating surplus------------------------------------------------------------------------------------------------------- 300
f. Indirect tax------------------------------------------------------------------------------------------------------------------ 30
g. Subsidies--------------------------------------------------------------------------------------------------------- -----------10
h. Net capital formation---------------------------------------------------------------------------------------------------- 150
i. Net factor income from abroad---------------------------------------------------------------------------------------- 10
j. Government final consumption expenditure---------------------------------------------------------------------- 230
k. Private final consumption expenditure----------------------------------------------------------------------------- 500
l. Exports-----------------------------------------------------------------------------------------------------------------------15
m. Imports----------------------------------------------------------------------------------------------------------------------- 45
n. Consumption of fixed capital------------------------------------------------------------------------------------------- 20
o. Profit------------------------------------------------------------------------------------------------------------------------ 130
[Ans. NNP at MP (income method) = 840 crores, NNP at MP (exp. method) = 840crores]
Q.118 Find out Gross national disposable income (GNDI) from the following data:
(Rs in crores)
a. Private final consumption expenditure----------------------------------------------------------------------------- 400
b. Net current transfers from rest of the world---------------------------------------------------------------------- (-) 5
c. Indirect tax------------------------------------------------------------------------------------------------------------------ 65
d. Net domestic capital formation -------------------------------------------------------------------------------------- 120
e. Govt. final consumption expenditure------------------------------------------------------------------------------- 100
f. Consumption of fixed capital (depreciation) ----------------------------------------------------------------------- 20
g. Subsidies--------------------------------------------------------------------------------------------------------------------- 5
h. Exports---------------------------------------------------------------------------------------------------------------------- 30
i. Net factor income from abroad----------------------------------------------------------------------------------- () 10
j. Imports-------------------------------------------------------------------------------------- --------------------------------- 40
[Ans. GDP at MP = 630crores, GNDI = 615 crores]
Q.119 From the following data find out (a) NNP at MP, (b) Private income, and (c) Personal disposable income.
(Rs . in crores)
a. GDP at FC-------------------------------------------------------------------------------------------------------------- 2,570
b. Indirect taxes------------------------------------------------------------------------------------------------------------- 850
c. Subsidies ----------------------------------------------------------------------------------------------------------------- 125
d. Net factor income from abroad---------------------------------------------------------------------------------------- -5
e. Saving of non-departmental enterprises---------------------------------------------------------------------------- 15
f. Income from property and entrepreneurship accruing to govt. Administrative departments-------- 100
g. Consumption of fixed capital---------------------------------------------------------------------------------------- 290
h. Interest on public debt-------------------------------------------------------------------------------------------------- 60
i. Current transfer from government---------------------------------------------------------------------------------- 245
j. Other current transfers from the rest of the world -------------------------------------------------------------- 310
k. Corporation tax ----------------------------------------------------------------------------------------------------------190

27

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.120

Q.121

Q.122

Q.123

Q.124

l. Savings of private corporate sector -------------------------------------------------------------------------------- 85

m. Direct taxes paid by households------------------------------------------------------------------------------------ 500
[Ans. NNP at MP = 3,000 crores, Private income 2,775 crores, PDI= 2,000 crores.]
Calculate NDP at FC from the
a. Private final consumption expenditure---------------------------------------------------------------------------- 400
b. Gross domestic capital formation------------------------------------------------------------------------------------ 20
c. Change in stocks---------------------------------------------------------------------------------------------------------- 20
d. Direct purchases from abroad by residents households-------------------------------------------------------- 50
e. Net indirect taxes--------------------------------------------------------------------------------------------------------- 60
f. Net factor income from abroad--------------------------------------------------------------------------------------- 10
g. Direct purchase by non-residents in domestic market -------------------------------------------------------- 150
h. Net exports--------------------------------------------------------------------------------------------------------------- -20
i. Consumption of fixed capital------------------------------------------------------------------------------------------- 20
j. Govt. final consumption expenditure------------------------------------------------------------------------------- 100
[Ans. GDP at MP = 480 crores, NDP at FC = 400 crores]
Calculate (a) Net National disposal income (NNDI) and (b) private income from the following data.
a. Current transfers from government-----------------------------------------------------------------------------------35
b. Private final consumption expenditure----------------------------------------------------------------------------- 500
c. Net current transfers from ROW---------------------------------------------------------------------------------- (-) 10
d. Govt. final consumption expenditure------------------------------------------------------------------------------- 150
e. Net factor income from abroad------------------------------------------------------------------------------------ (-)20
f. Net domestic capital formation---------------------------------------------------------------------------------------100
g. Net indirect taxes ------------------------------------------------------------------------------------------------------- 120
h. Net exports----------------------------------------------------------------------------------------------------------------- 50
[Ans. NNDI = 770 crores]
Calculate gross national disposable income (GNDI) from the following data:
(Rs in crores)
a. Current transfers from government-----------------------------------------------------------------------------------15
b. Private final consumption expenditure----------------------------------------------------------------------------- 400
c. Net current transfers from ROW-------------------------------------------------------------------------------------- 20
d. Govt. final consumption expenditure------------------------------------------------------------------------------- 100
e. Net factor income from abroad------------------------------------------------------------------------------------ (-)10
f. Net domestic capital formation---------------------------------------------------------------------------------------- 80
g. Consumption of fixed capital------------------------------------------------------------------------------------------- 50
h. Net exports----------------------------------------------------------------------------------------------------------------- 40
i. Net indirect taxes----------------------------------------------------------------------------------------------------------60
[Ans. GDP at MP = 670, GNDI = 680 crores]
From the following data calculate national income, domestic income, personal income and personal disposable
income:
a. Rent---------------------------------------------------------------------------------------------------------------------- 5,000
b. Wages------------------------------------------------------------------------------------------------------------- ---- 30,000
c. Interest----------------------------------------------------------------------------------------------------------------- 8,000
d. Surplus of public sector--------------------------------------------------------------------------------------------15,000
e. Profit tax-----------------------------------------------------------------------------------------------------------------2,000
f. Personal tax---------------------------------------------------------------------------------------------------------- -- 1,500
g. Mixed income---------------------------------------------------------------------------------------------------------- 4,000
h. Undistributed profit--------------------------------------------------------------------------------------------------- 3,000
i. Transfer payment by government-------------------------------------------------------------------------------- 1,000
j. Dividend--------------------------------------------------------------------------------------------------------------- 12,000
k. Net assets income from abroad----------------------------------------------------------------------------------- 7,000
l. Transfer from abroad------------------------------------------------------------------------------------------------ 2,500
[Ans.National income = 86,000, Domestic income = 79,000, Personal Income = 69,500, PDI= 68,000]
Calculate national income from the following:

28

Learning Economics becomes a childs play. Prasanta Saha Sir

(Rs. in crores)
a. Mixed income of self-employed------------------------------------------------------------------------------------- 200
b. Old age pension---------------------------------------------------------------------------------------------------------- 20
c. Dividends------------------------------------------------------------------------------------------------------------------ 100
d. Operating surplus------------------------------------------------------------------------------------------------------- 900
e. Wages and salaries---------------------------------------------------------------------------------------------------- 500
f. Profits---------------------------------------------------------------------------------------------------------------------- 400
g. Employers contribution to S.S. schemes--------------------------------------------------------------------------- 50
h. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
i. Consumption of fixed capital------------------------------------------------------------------------------------------ 50
j. Net indirect taxes----------------------------------------------------------------------------------------------------------50
[Ans. Domestic income = 1,650, national income = 1, 640 crores]
Q.125 From the following data calculate GNP at MP via the income method.
(Rs. in crore)
a. Wages and salaries---------------------------------------------------------------------------------------------------- 700
b. Rent-------------------------------------------------------------------------------------------------------------------------100
c. Depreciation---------------------------------------------------------------------------------------------------------------- 50
d. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
e. Mixed income------------------------------------------------------------------------------------------------------------ 400
f. Subsidies------------------------------------------------------------------------------------------------------------------ 100
g. Profits---------------------------------------------------------------------------------------------------------------------- 400
h. Indirect taxes ------------------------------------------------------------------------------------------------------------ 300
i. Employers contribution to S.S.schemes---------------------------------------------------------------------------- 50
j. Interest-----------------------------------------------------------------------------------------------------------------------40
[Ans. NDPFC= 1,690, GDPMP= 1,940, GNPMP=1,930crores]
Q.126 On the basis of information given below, calculate GDP.
a. Personal consumption expenditure-----------------------------------------------------------------------------45,000
b. Government consumption expenditure ------------------------------------------------------------------------- 5,000
c. Gross domestic fixed investment--------------------------------------------------------------------------------- 5,000
d. Increase in inventories---------------------------------------------------------------------------------------------- 1,000
e. Exports of goods and services-------------------------------------------------------------------------------------6,000
f. Imports of goods and services----------------------------------------------------------------------------------- 7,000
g. Net indirect taxes----------------------------------------------------------------------------------------------------- 3,500
h. Deprecation------------------------------------------------------------------------------------------------------------ 4,500
[Ans. GDP = 55,000]
Q.127 Calculate GNP at FC from the following data by (a) income method, and (b) expenditure method.
(Rs in crores)
a. Wages and salaries---------------------------------------------------------------------------------------------------- 800
b. Mixed income of self-employed ------------------------------------------------------------------------------------ 160
c. Operating surplus ------------------------------------------------------------------------------------------------------ 600
d. Undistributed profit----------------------------------------------------------------------------------------------------- 150
e. Gross capital formation------------------------------------------------------------------------------------------------ 330
f. Change in stocks---------------------------------------------------------------------------------------------------------- 25
g. Net capital formation---------------------------------------------------------------------------------------------------- 300
h. Employers contribution to social security schemes------------------------------------------------------------ 100
i. Net factor income from abroad------------------------------------------------------------------------------------ (-)20
j. Exports---------------------------------------------------------------------------------------------------------------------- 30
k. Imports----------------------------------------------------------------------------------------------------------------------- 60
l. Private final consumption expenditure---------------------------------------------------------------------------1,000
m. Government final consumption expenditure--------------------------------------------------------------------- 450
n. Net indirect taxes----------------------------------------------------------------------------------------------------------60
o. Compensation of employees paid by the govt. ------------------------------------------------------------------- 75
[Ans. GNP at FC (income method) = 1670 crores, GNP at FC (Exp. Method)= 1670crors]

29

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.128 From the following transactions find out NNP.

Q.129

Q.130

Q.131

Q.132

(Rs.)
a. Household expenditure on consumption------------------------------------------------------------------- 1,00,000
b. Government expenditure on consumption ------------------------------------------------------------------- 12,500
c. Gross capital formation-------------------------------------------------------------------------------------------- 25,000
d. Depreciation------------------------------------------------------------------------------------------------------------6,000
e. Exports------------------------------------------------------------------------------------------------------------------ 6,000
f. Imports----------------------------------------------------------------------------------------------------------------- 9,000
g. Net earned income from abroad-------------------------------------------------------------------------------------750
[Ans. GDPMP 1,34,500 and NNPMP = 1,29,250]
Calculate (a) GNP at MP, and (b) NNP at FC from the following data:
(Rs. in crores)
a. Gross domestic capital formation------------------------------------------------------------------------------------- 94
b. Net exports-------------------------------------------------------------------------------------------------------------- (-) 6
c. Private final consumption expenditure----------------------------------------------------------------------------- 260
d. Net factor income from abroad-------------------------------------------------------------------------------------- (-) 3
e. Consumption of the fixed capital-------------------------------------------------------------------------------------- 39
f. Net change in stocks----------------------------------------------------------------------------------------------------- 11
g. Net indirect taxes--------------------------------------------------------------------------------------------------------- 43
h. Government final consumption expenditure----------------------------------------------------------------------- 47
[Ans. GNP at MP = 392 crores, NNP at FC = 310 crores]
Calculate GDP at MP and national income from the following data:
(Rs. in crores)
a. Net exports------------------------------------------------------------------------------------------------------------- (-) 30
b. Private final consumption expenditure---------------------------------------------------------------------------- 400
c. Subsidies-------------------------------------------------------------------------------------------------------------------- 5
d. Net domestic fixed capital formation--------------------------------------------------------------------------------- 50
e. Government final consumptions expenditure --------------------------------------------------------------------100
f. Net factor income from abroad----------------------------------------------------------------------------------- (-) 10
g. Closing stock--------------------------------------------------------------------------------------------------------------- 10
h. Consumption of fixed capital------------------------------------------------------------------------------------------ 40
i. Indirect taxes-------------------------------------------------------------------------------------------------------------- 55
j. Opening stock------------------------------------------------------------------------------------------------------------- 20
[Ans. GDP at MP = 550 crores, national income = 450 crores]
Calculate gross national disposable income (GNDI) from the following data:
(Rs. in crores)
a. Personal tax ------------------------------------------------------------------------------------------------------- -------120
b. Net indirect tax----------------------------------------------------------------------------------------------------------- 100
c. Corporation tax------------------------------------------------------------------------------------------------------------ 90
d. National income (NNP at FC) -------------------------------------------------------------------------------------- 1000
e. Net factor income from abroad------------------------------------------------------------------------------------------ 5
f. Consumption of fixed capital ------------------------------------------------------------------------------------------ 50
g. National debt interest---------------------------------------------------------------------------------------------------- 70
h. Retained earnings of private sector---------------------------------------------------------------------------------- 40
i. Net current transfers to the Row --------------------------------------------------------------------------------- (-) 20
j. Current transfers from the government------------------------------------------------------------------------------30
k. Share of government in national income--------------------------------------------------------------------------- 80
[Ans. GNDI = 1170 crores.]
Calculate GDP at MP and national income (NNPFC) from the following
(Rs. in crores)
a. Government final consumption expenditure -------------------------------------------------------------------- 100
b. Opening stock ------------------------------------------------------------------------------------------------------------- 50
c. Gross fixed capital formation----------------------------------------------------------------------------------------- 120

30

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.133

Q.134

Q.135

Q.136

d. Net factor income from abroad------------------------------------------------------------------------------------ (-)10

e. Indirect taxes-------------------------------------------------------------------------------------------------------------- 60
f. Closing stock-------------------------------------------------------------------------------------------------------------- 80
g. Subsidies------------------------------------------------------------------------------------------------------------------- 10
h. Rent, interest and profits ----------------------------------------------------------------------------------------------350
i. Consumption of fixed capital ------------------------------------------------------------------------------------------ 20
j. Private final consumption expenditure ---------------------------------------------------------------------------- 400
k. Exports ---------------------------------------------------------------------------------------------------------------------- 50
l. Imports---------------------------------------------------------------------------------------------------------------------- 40
[Ans. GDPMP = 660 crores, national income = 580 crores]
Calculate GNP at FC from the following data:
(Rs in crores)
a. Net domestic capital formation---------------------------------------------------------------------------------------350
b. Closing stock ------------------------------------------------------------------------------------------------------------ 100
c. Govt. final consumption expenditure------------------------------------------------------------------------------- 200
d. Net indirect taxes----------------------------------------------------------------------------------------------------------50
e. Opening stock-------------------------------------------------------------------------------------------------------------- 60
f. Consumption of fixed capital------------------------------------------------------------------------------------------- 50
g. Net exports-------------------------------------------------------------------------------------------------------------- (-)10
h. Private final consumption expenditure---------------------------------------------------------------------------1,500
i. Imports---------------------------------------------------------------------------------------------------------------------- 20
j. Net factor income from abroad------------------------------------------------------------------------------------ (-)10
[Ans. GDP at MP = 2,090 crores, GNP at FC = 2,030 crores]
From the following data, calculate GNP, GDP, NNP, NDP at FC and MP.
(Rs in crores)
a. Gross investment--------------------------------------------------------------------------------------------------------- 90
b. Net exports----------------------------------------------------------------------------------------------------------------- 10
c. Net indirect taxes----------------------------------------------------------------------------------------------------------- 5
d. Depreciation --------------------------------------------------------------------------------------------------------------- 15
e. Net factor income from abroad-------------------------------------------------------------------------------------- (-)5
f. Personal consumption expenditure-------------------------------------------------------------------------------- 350
g. Govt. purchases of goods and services--------------------------------------------------------------------------- 100
[Ans. GDPMP=550, GNPMP=545, NDPMP=535,NNPMP=530,GDPFC=545, GNPFC=540, NDPFC=530, NNPFC=525]
From the following data, calculate GNP at MP and NNP at FC.
(Rs in crores)
a. Govt. purchase of goods and services-------------------------------------------------------------------------------48
b. Net indirect taxes--------------------------------------------------------------------------------------------------------- 46
c. Depreciation --------------------------------------------------------------------------------------------------------------- 44
d. Gross investment---------------------------------------------------------------------------------------------------------- 48
e. Net export----------------------------------------------------- ----------------------------------------------------------- (-8)
f. Personal consumption expenditure -------------------------------------------------------------------------------- 322
g. Net factor income from abroad-------------------------------------------------------------------------------------- (-)2
h. Inventory investment------------------------------------------------------------------------------------------------------ 6
[Ans. GNP at MP = 408 crores, NNP at FC = 318 crores]
Calculate GNP at MP by (a) income method, and (b) expenditure method.
(Rs in crores)
a. Net exports----------------------------------------------------------------------------------------------------------------- 10
b. Rent-------------------------------------------------------------------------------------------------------------------------- 20
c. Private final consumption expenditure----------------------------------------------------------------------------- 400
d. Interest---------------------------------------------------------------------------------------------------------------------- 30
e. Dividends------------------------------------------------------------------------------------------------------------------- 45
f. Undistributed profits-------------------------------------------------------------------------------------------------------- 5
g. Corporate taxes----------------------------------------------------------------------------------------------------------- 10

31

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h. Govt. final consumption expenditure------------------------------------------------------------------------------- 100

i. Net domestic capital formation---------------------------------------------------------------------------------------- 50
j. Compensation of employees----------------------------------------------------------------------------------------- 400
k. Consumption of fixed capital ------------------------------------------------------------------------------------------ 10
l. Net indirect taxes----------------------------------------------------------------------------------------------------------50
m. Net factor income from abroad------------------------------------------------------------------------------------- (-)10
[Ans. GNP at MP = 560crores]
Q.137 Calculate national income by (a) income method, and expenditure
Items
(Rs in crores)
a. Wages and salaries---------------------------------------------------------------------------------------------------- 500
b. Govt. final consumption expenditure------------------------------------------------------------------------------- 120
c. Royalty-----------------------------------------------------------------------------------------------------------------------20
d. Interest---------------------------------------------------------------------------------------------------------------------- 40
e. Household final consumption expenditure------------------------------------------------------------------------ 600
f. Change in stocks---------------------------------------------------------------------------------------------------------- 10
g. Indirect tax---------------------------------------------------------------------------------------------------------------- 100
h. Rent-------------------------------------------------------------------------------------------------------------------------- 50
i. Final consumption expenditure of private non-profit institutions serving households--------------------30
j. Net domestic fix capital formation------------------------------------------------------------------------------------ 60
k. Profit after tax-------------------------------------------------------------------------------------------------------------100
l. Corporate tax---------------------------------------------------------------------------------------------------------------20
m. Net exports------------------------------------------------------------------------------------------------------------ () 20
n. Subsides-------------------------------------------------------------------------------------------------------------------- 30
o. Net factor income from abroad------------------------------------------------------------------------------------- (-) 5
[Ans. National income =725 crores, national income by expenditure method 725 crores]
Q.138 From the following data calculate GNP at MP by (a) income method and, expenditure method.
(Rs in crores)
a. Government final consumption expenditure---------------------------------------------------------------------- 250
b. Change in stocks--------------------------------------------------------------------------------------------------------- 65
c. Net domestic capital formation---------------------------------------------------------------------------------------150
d. Interest---------------------------------------------------------------------------------------------------------------------- 90
e. Profits----------------------------------------------------------------------------------------------------------------------- 210
f. Corporation tax------------------------------------------------------------------------------------------------------------ 50
g. Rent------------------------------------------------------------------------------------------------------------------------- 100
h. Factor income from abroad -------------------------------------------------------------------------------------------- 20
i. Indirect taxes--------------------------------------------------------------------------------------------------------------- 55
j. Factor income to abroad------------------------------------------------------------------------------------------------ 40
k. Exports----------------------------------------------------------------------------------------------------------------------- 60
l. Subsidies-------------------------------------------------------------------------------------------------------------------- 25
m. Imports----------------------------------------------------------------------------------------------------------------------- 80
n. Consumption of fixed capital------------------------------------------------------------------------------------------- 20
o. Private final consumption expenditure----------------------------------------------------------------------------- 500
p. Compensation of employees----------------------------------------------------------------------------------------- 450
q. Value of rent free accommodation to employees----------------------------------------------------------------- 40
[Ans. GNP at MP = 880 crores, GNP at MP= 880crores]
Q.139 From the following data, calculate NNP at MP by (a) expenditure method, (b) income method.
a. Personal consumption expenditure--------------------------------------------------------------------------------- 700
b. Wages and salaries-----------------------------------------------------------------------------------------------------700
c. Employees contribution to S.S. schemes------------------------------------------------------------------------ 100
d. Gross business fixed investment ------------------------------------------------------------------------------------- 60
e. Gross residential construction investment ------------------------------------------------------------------------- 60
f. Gross public investment------------------------------------------------------------------------------------------------ 40

32

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g. Inventory investment ---------------------------------------------------------------------------------------------------- 20

h. Profits---------------------------------------------------------------------------------------------------------------------- 100
i. Govt. purchase of goods ands services ---------------------------------------------------------------------------200
j. Rent --------------------------------------------------------------------------------------------------------------------------50
k. Exports---------------------------------------------------------------------------------------------------------------------- 40
l. Imports----------------------------------------------------------------------------------------------------------------------- 20
m. Interest-----------------------------------------------------------------------------------------------------------------------40
n. Mixed income------------------------------------------------------------------------------------------------------------- 100
o. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 10
p. Depreciation----------------------------------------------------------------------------------------------------------------20
q. Subsidies-------------------------------------------------------------------------------------------------------------------- 10
r. Indirect----------------------------------------------------------------------------------------------------------------------- 20
[Ans. NNPMP (Exp. Method) = 1070 crores, NNPMP (income method) = 1090 crores]
Q.140 From the following data, calculate GDP at FC by (a) Exp. Method, income method.
(Rs in crores)
a. Personal consumption expenditure-------------------------------------------------------------------------------- 700
b. Wages and salaries---------------------------------------------------------------------------------------------------- 700
c. Employees contribution to S.S. Schemes-------------------------------------------------------------------------100
d. Gross business fixed investment------------------------------------------------------------------------------------- 60
e. Profits----------------------------------------------------------------------------------------------------------------------- 100
f. Gross residential construction investment------------------------------------------------------------------------- 60
g. Govt. purchase of goods and services---------------------------------------------------------------------------- 200
h. Gross public investment------------------------------------------------------------------------------------------------ 40
i. Rent --------------------------------------------------------------------------------------------------------------------------50
j. Inventory investment ---------------------------------------------------------------------------------------------------- 20
k. Exports---------------------------------------------------------------------------------------------------------------------- 40
l. Interest---------------------------------------------------------------------------------------------------------------------- 50
m. Imports----------------------------------------------------------------------------------------------------------------------- 20
n. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
o. Mixed income------------------------------------------------------------------------------------------------------------- 100
p. Depreciation---------------------------------------------------------------------------------------------------------------- 20
q. Subsidies-------------------------------------------------------------------------------------------------------------------- 10
r. Indirect taxes--------------------------------------------------------------------------------------------------------------- 20
[GDP at FC (Exp. Method) = 1090 crores, GDP at FC = 1120 crores]
Q.141 From the following data, calculate GNP at MP by (i) income method, and (ii) expenditure method.]
(Rs in crores)
a. Mixed income of self-employed ------------------------------------------------------------------------------------- 400
b. Compensation of employees----------------------------------------------------------------------------------------- 500
c. Private consumption expenditure----------------------------------------------------------------------------------- 900
d. Net factor income from abroad------------------------------------------------------------------------------------ (-)20
e. Net indirect taxes-------------------------------------------------------------------------------------------------------- 100
f. Consumption of fixed capital----------------------------------------------------------------------------------------- 120
g. Net domestic capital formation--------------------------------------------------------------------------------------- 280
h. Net exports---------------------------------------- --------------------------------------------------------------------- (-)30
i. Profits-----------------------------------------------------------------------------------------------------------------------350
j. Rent ------------------------------------------------------------------------------------------------------------------------ 100
k. Interest--------------------------------------------------------------------------------------------------------------------- 150
l. Govt. final consumption expenditure------------------------------------------------------------------------------- 450
[Ans. Income method 1,700 crores, expenditure method 1,700 crores]
Q.142 From the following data, calculate national income (NNP at FC) by (i) income method, and (ii) expenditure method.
(Rs in crores)
a. Compensation of employees---------------------------------------------------------------------------------------1,200
b. Net factor income from abroad------------------------------------------------------------------------------------- (-)20

33

Learning Economics becomes a childs play. Prasanta Saha Sir

c. Net indirect taxes-------------------------------------------------------------------------------------------------------- 120

d. Profit------------------------------------------------------------------------------------------------------------------------ 800
e. Private final consumption expenditure---------------------------------------------------------------------------2,000
f. Net domestic capital formation --------------------------------------------------------------------------------------770
g. Consumption of fixed capital----------------------------------------------------------------------------------------- 130
h. Rent------------------------------------------------------------------------------------------------------------------------- 400
i. Interest--------------------------------------------------------------------------------------------------------------------- 620
j. Mixed income of self-employed--------------------------------------------------------------------------------------700
k. Net exports-------------------------------------------------------------------------------------------------------------- (-)30
l. Govt. final consumption expenditure-----------------------------------------------------------------------------1,100
[Ans. NI (income method) = 3,700 crores, national income (by expenditure method)= 3,700crorers]
Q.143 Find out (a) national income, and (b) gross national disposable income (GNDI) from the following data.
(Rs in crores)
a. Private final consumption expenditure----------------------------------------------------------------------------- 400
b. Net current transfers from rest of the world---------------------------------------------------------------------- (-) 5
c. Indirect tax------------------------------------------------------------------------------------------------------------------ 65
d. Net domestic capital formation---------------------------------------------------------------------------------------120
e. Govt. final consumption expenditure--------------------------------------------------------------------------------100
f. Consumption of fixed capital------------------------------------------------------------------------------------------- 20
g. Subsidies--------------------------------------------------------------------------------------------------------------------- 5
h. Exports---------------------------------------------------------------------------------------------------------------------- 30
i. Net factor income from abroad ------------------------------------------------------------------------------------ (-)10
j. Imports---------------------------------------------------------------------------------------------------------------------- 40
[GDP at MP = 630 crores, NI = 540 crores, GNDI = 615 crores]
Q.144 From the following data, calculate (a) personal disposable income, and (b) national income.
(Rs. in crores)
a. Private income--------------------------------------------------------------------------------------------------------- 3,000
b. Compensation of employees---------------------------------------------------------------------------------------- 800
c. Mixed income of self-employed------------------------------------------------------------------------------------- 900
d. Net factor income from abroad ---------------------------------------- ------------------------------------------- (-)50
e. Net retained earnings of private enterprises--------------------------------------------------------------------- 600
f. Rent ------------------------------------------------------------------------------------------------------------------------ 350
g. Profit------------------------------------------------------------------------------------------------------------------------600
h. Consumption of fixed capital ---------------------------------------------------------------------------------------- 200
i. Direct taxes paid by households------------------------------------------------------------------------------------ 300
j. Corporation tax---------------------------------------------------------------------------------------------------------- 350
k. Net indirect taxes-------------------------------------------------------------------------------------------------------- 250
l. Net exports-------------------------------------------------------------------------------------------------------------- (-)70
m. Interest--------------------------------------------------------------------------------------------------------------------- 450
[Ans. Personal disposable income = 1,750 crores, national income 3,050 crores]
Q.145 From the following data, calculate (a) national income, and personal disposal income.
(Rs in crores)
a. Compensation of employees---------------------------------------------------------------------------------------1,200
b. Rent ----------------------------------------------------------------------------------------------------------------------- 400
c. Profit------------------------------------------------------------------------------------------------------------------------ 800
d. Consumption of fixed capital------------------------------------------------------------------------------------------300
e. Mixed income of self-employed----------------------------------------------------------------------------------- 1,000
f. Private income-------------------------------------------------------------------------------------------------------- 3,600
g. Net factor income from abroad---------------------------------------- --------------------------------------------(-) 50
h. Net retained earnings of private enterprises--------------------------------------------------------------------- 200
i. Interest--------------------------------------------------------------------------------------------------------------------- 250
j. Net indirect taxes-------------------------------------------------------------------------------------------------------- 350
k. Net exports-------------------------------------------------------------------------------------------------------------- (-)60

34

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Q.146

Q.147

Q.148

Q.149

l. Direct taxes paid by households-------------------------------------------------------------------------------------150

m. Corporate tax------------------------------------------------------------------------------------------------------------- 100
[Ans. (a) national income = 3,600 crores, (b) personal income = 3,150 crores]
Calculate (a) NDP at FC and personal income from the following data.
(Rs. in crores)
a. Private final consumption expenditure----------------------------------------------------------------------------- 700
b. Savings of non-departmental enterprises-------------------------------------------------------------------------- 20
c. Net domestic capital formation---------------------------------------------------------------------------------------100
d. Undistributed profit--------------------------------------------------------------------------------------------------------- 5
e. Change in stock----------------------------------------------------------------------------------------------------------- 10
f. Corporation tax------------------------------------------------------------------------------------------------------------ 35
g. Net exports----------------------------------------------------------------------------------------------------------------- 40
h. Income from property and entrepreneurship accruing to govt. administrative departments----------- 30
i. National debt interest---------------------------------------------------------------------------------------------------- 40
j. Govt. final consumption expenditure------------------------------------------------------------------------------- 150
k. Current transfers from government-----------------------------------------------------------------------------------25
l. Net factor income from abroad------------------------------------------------------------------------------------- (-)10
m. Net current transfers from ROW---------------------------------------------------------------------------------------10
n. Net indirect taxes----------------------------------------------------------------------------------------------------------60
o. Personal taxes------------------------------------------------------------------------------------------------------------- 35
[Ans. NDP at FC (Exp. Method) = 940, personal income = 915crores]
From the following data, calculate national income by (a) income method, and (b) expenditure method.
(Rs. in crore)
a. Private final consumption expenditure-------------------------------------------------------------------------- 2,000
b. Net capital formation----------------------------------------------------------------------------------------------------400
c. Change in stock ---------------------------------------------------------------------------------------------------------- 50
d. Compensation of employees-------------------------------------------------------------------------------------- 1,900
e. Rent------------------------------------------------------------------------------------------------------------------------- 200
f. Interest--------------------------------------------------------------------------------------------------------------------- 150
g. Operating surplus -------------------------------------------------------------------------------------------------------720
h. Net indirect taxes------------------------------------------------------------------------------------------------------- 400
i. Employees contribution to S.S. schemes------------------------------------------------------------------------- 100
j. Net exports----------------------------------------------------------------------------------------------------------------- 20
k. Net factor income from abroad------------------------------------------------------------------------------------- (-)20
l. Govt. final income from abroad-------------------------------------------------------------------------------------- 600
m. Consumption of fixed capital----------------------------------------------------------------------------------------- 100
[Ans. national income= 2,600 crores, national income (by exp. Method) = 2,600 crores]
From the following data calculate private income and personal disposable income.
(Rs. in crores)
a. Income from domestic product accruing to private sector ------------------------------------------------ 4,000
b. Savings of non-departmental public enterprises---------------------------------------------------------------- 200
c. Current transfers from govt. administrative deptt. -------------------------------------------------------------- 150
d. Savings of private sector--------------------------------------------------------------------------------------------- 400
e. Current transfers from rest of the world ---------------------------------------------------------------------------- 50
f. Net factor income from abroad------------------------------------------------------------------------------------- (-)40
g. Corporation tax------------------------------------------------------------------------------------------------------------ 60
h. Direct personal taxes--------------------------------------------------------------------------------------------------- 140
[Ans. Private income = 4,160 crores, personal disposable income = 3,560 crores]
From the following data calculate NNP at FC by (a) income method and (b) expenditure method.
(Rs in crores)
a. Current transfers from rest of the world----------------------------------------------------------------------------100
b. Govt. final consumption expenditure-----------------------------------------------------------------------------1,000
c. Wages and salaries-------------------------------------------------------------------------------------------------- 3,800

35

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d. Dividend--------------------------------------------------------------------------------------------------------------------500
e. Rent-------------------------------------------------------------------------------------------------------------------------200
f. Interest--------------------------------------------------------------------------------------------------------------------- 150
g. Net domestic capital formation-------------------------------------------------------------------------------------- 500
h. Profits---------------------------------------------------------------------------------------------------------------------- 800
i. Employers contribution to S.S. scheme---------------------------------------------------------------------------200
j. Net exports-------------------------------------------------------------------------------------------------------------- (-)50
k. Net factor income from abroad------------------------------------------------------------------------------------- (-)30
l. Consumption of fixed capital------------------------------------------------------------------------------------------- 40
m. Private final consumption expenditure---------------------------------------------------------------------------4,000
n. Net exports--------------------------------------------------------------------------------------------------------------- 300
[Ans. NNP at FC = 5,120 crores, NNP at FC (Exp. Method)= 5,120 crores]
Q.150 Calculate private income and personal disposable income from the following data
(Rs. in crores)
a. Income from property and entrepreneurship to govt. adm. Deptt. ----------------------------------------- 500
b. Savings of non-departmental public enterprises---------------------------------------------------------------- 100
c. Corporation tax----------------------------------------------------------------------------------------------------------- 80
d. Income from domestic product accruing to private sector-------------------------------------------------- 4,500
e. Current transfers from govt. administrative department ----------------------------------------------------- 200
f. Net factor income from abroad------------------------------------------------------------------------------------ (-) 50
g. Direct personal taxes--------------------------------------------------------------------------------------------------- 150
h. Indirect tax---------------------------------------------------------------------------------------------------------------- 220
i. Current transfers from rest of the world----------------------------------------------------------------------------- 80
j. Saving of private corporate sector---------------------------------------------------------------------------------- 500
[Ans. Private income = 4,730 crores, PDI = 4,000 crores.]
Q.151 Calculate (a) net national disposable income (NNDI) and (b) private income from the following data.
(Rs. in crores)
a. Net indirect taxes--------------------------------------------------------------------------------------------------------- 90
b. Compensation of employees----------------------------------------------------------------------------------------- 400
c. Personal taxes----------------------------------------------------------------------------------------------------------- 100
d. Operating surplus------------------------------------------------------------------------------------------------------- 200
e. Corporation profit tax----------------------------------------------------------------------------------------------------- 80
f. Mixed income of self employed-------------------------------------------------------------------------------------- 500
g. National debt interest---------------------------------------------------------------------------------------------------- 70
h. Savings of non departmental enterprises--------------------------------------------------------------------------- 40
i. Current transfers from government-----------------------------------------------------------------------------------60
j. Income from property and entrepreneurship to govt. administrative department-------------------------30
k. Net current transfer to ROW------------------------------------------------------------------------------------------- 20
l. Net income from abroad--------------------------------------------------------------------------------------------- (-)50
[Domestic income = 1,100,, national income = 1,120 crores, private income = 1,090 crores.]
Q.152 Calculate (a) NDPFC, (b) NNPFC or NI (c) NNPMP (d) GDPMP using income method.
Items
(Rs. in crore)
a. COE----------------------------------------------------------------------------------------------------------------------- 2000
b. Rent---------------------------------------------------------------------------------------------------------------------------20
c. Interest-----------------------------------------------------------------------------------------------------------------------30
d. Royalty---------------------------------------------------------------------------------------------------------------------- 40
e. Profit------------------------------------------------------------------------------------------------------------------------- 50
f. Mixed income of self-employed------------------------------------------------------------------------------------ 1000
g. NFIA----------------------------------------------------- ----------------------------------------------------------------- (-) 3
h. Indirect taxes------------------------------------------------------------------------------------------------------------- 500
i. Subsidies------------------------------------------------------------------------------------------------------------------ 400
j. Depreciation---------------------------------------------------------------------------------------------------------------260

36

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.153

Q.154

Q.155

Q.156

[Ans. (a) NDPFC = Rs.3,140 crores (b) NNPFC or NI = 3,137 crores (c) NNPMP = 3,237 crores (d) GDPMP = 3,500
crores.]
Using the income method calculate (a) domestic income, (b) national income.
Items
(Rs.in crores)
a. Wages--------------------------------------------------------------------------------------------------------- -------------- 50
b. Direct tax------------------------------------------------------------------------------------------------------------------ 500
c. Transfer payments----------------------------------------------------------------------------------------------------- 120
d. NFIA----------------------------------------------------------------------------------------------------------------------1,000
e. Social security contributions------------------------------------------------------------------------------------------- 60
f. Rent-------------------------------------------------------------------------------------------------------------------------- 10
g. Interest---------------------------------------------------------------------------------------------------------------------- 20
h. Corporation tax----------------------------------------------------------------------------------------------------------- 30
i. Dividend--------------------------------------------------------------------------------------------------------------------- 35
j. Undistributed profit------------------------------------------------------------------------------------------------------- 40
k. Mixed income------------------------------------------------------------------------------------------------------------ 200
[Ans. Domestic Income = Rs. 445 crores, National Income = 1,445crores.]
Using expenditure method calculate: (a) NNPMP (b) NDPMP (c) Net Domestic Income and (d) NI
Items
(Rs.in crores)
a. Govt. final consumption expenditure------------------------------------------------------------------------------- 100
b. Indirect tax---------------------------------------------------------------------------------------------------------------- 120
c. Subsidies----------------------------------------------------------------------------------- --------------------------------- 60
d. Fixed capital formation-------------------------------------------------------------------------------------------------- 50
e. NVA in stock--------------------------------------------------------------------------------------------------------------- 40
f. Depreciation-------------------------------------------------------------------------------------------------------------- 140
g. Private final consumption expenditure----------------------------------------------------------------------------- 200
h. Exports-----------------------------------------------------------------------------------------------------------------------90
i. Imports----------------------------------------------------------------------------------------------------------------------- 20
j. NFIA-------------------------------------------------------------------------------------------------------------------------300
[Ans. NNPMP = Rs. 620crores, NDPMP= Rs. 320crores, NDI = Rs. 260 crores, NI = 560crores.]
Calculate GDPFC and GDPMP from the following data
Items
(Rs.in crores)
a. Inventory investment--------------------------------------------------------------------------------------------------- 300
b. Depreciation---------------------------------------------------------------------------------------------------------------- 20
c. Net exports---------------------------------------------------------------------------------------------------------------- 120
d. NFIA-------------------------------------------------------------------------------------------------------------------------- 70
e. Net indirect taxes--------------------------------------------------------------------------------------------------------- 50
f. Private consumption expenditure------------------------------------------------------------------------------------100
g. Government purchases of goods and services------------------------------------------------------------------ 200
h. Investment on residential construction by households-------------------------------------------------------- 110
i. Business fixed investment---------------------------------------------------------------------------------------------- 70
[Ans. GDPMP = 900crores, GDPFC = Rs. 850crores]
Calculate NNPFC from the following data:
Items
(Rs.in lakhs)
a. Final consumption expenditure------------------------------------------------------------------------------------1,000
b. Gross domestic investment------------------------------------------------------------------------------------------- 500
c. Government fixed investment---------------------------------------------------------------------------------------- 200
d. Closing stock------------------------------------------------------------------------------------------------------------- 300
e. Opening stock------------------------------------------------------------------------------------------------------------ 100
f. Exports--------------------------------------------------------------------------------------------------------------------- 700
g. Imports--------------------------------------------------------------------------------------------------------------------- 200
h. Depreciation-------------------------------------------------------------------------------------------------------------- 210
i. NFIA------------------------------------------------------------------------------------------------------------------------ 120
j. Net indirect taxes-------------------------------------------------------------------------------------------------------- 130

37

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[Ans. NNPFC = 1980 crores]

Q.157 From the data given below, calculate national income:
Items
(Rs.in crores)
a. Indirect taxes------------------------------------------------------------------------------------------------------------- 125
b. Depreciation-------------------------------------------------------------------------------------------------------------- 100
c. Royalty----------------------------------------------------------------------------------------------------------------------- 10
d. Profits----------------------------------------------------------------------------------------------------------------------- 100
e. Subsidies-------------------------------------------------------------------------------------------------------------------- 20
f. Gross domestic product at market price---------------------------------------------------------------------------900
g. Interest----------------------------------------------------------------------------------------------------------------------- 25
h. Rent---------------------------------------------------------------------------------------------------------------------------50
i. Net factor income from abroad------------------------------------------------------------------------------------ (-) 20
[Ans. NNPFC = 675 crores]
Q.158 From the following data given below, calculate. A) Operating surplus, (b) gross national product at market price]
Items
(Rs. in crore)
a. Employers contribution to social security ------------------------------------------------------------------------- 50
b. Depreciation---------------------------------------------------------------------------------------------------------------- 30
c. Wages and salaries-----------------------------------------------------------------------------------------------------350
d. Interest--------------------------------------------------------------------------------------------------------------------- 150
e. Subsidy---------------------------------------------------------------------------------------------------------------------- 30
f. Royalty-----------------------------------------------------------------------------------------------------------------------20
g. Rent-------------------------------------------------------------------------------------------------------------------------- 30
h. Indirect taxes--------------------------------------------------------------------------------------------------------------- 90
i. Profits ---------------------------------------------------------------------------------------------------------------------- 120
j. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 10
[Ans. operating surplus = Rs. 320 crores, GNPMP = Rs. 800crores.]
Q.159 On the basis of following data, calculate:(a) national income, (b) compensation of employees.
a. Net factor income from abroad------------------------------------------------------------------------------------------ 5
b. Depreciation---------------------------------------------------------------------------------------------------------------- 60
c. Bonus--------------------------------------------------------------------------------------------------- --------------------- 40
d. Subsidies--------------------------------------------------------------------------------------------------------------------- 5
e. Wages and salaries----------------------------------------------------------------------------------------------------- 400
f. Net domestic product at market prices-----------------------------------------------------------------------------700
g. Indirect taxes-------------------------------------------------------------------------------------------------------------- 50
h. Contribution to provident fund by employers---------------------------------------------------------------------- 20
[Ans. NNPFC = Rs. 660 crores, compensation of employees = Rs. 460 crores.]
Q.160 On the basis of following data, calculate national income.
Items
Rs. in crores)
a. Wages and salaries --------------------------------------------------------------------------------------------------- 600
b. Net domestic product at market price----------------------------------------------------------------------------1,000
c. Subsidies-------------------------------------------------------------------------------------------------------------- ------10
d. Contribution to provident fund by employees---------------------------------------------------------------------- 30
e. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 10
f. Bonus------------------------------------------------------------------------------------------------------------------------ 60
g. Traveling expenses for business purposes------------------------------------------------------------------------ 20
h. Indirect taxes--------------------------------------------------------------------------------------------------------------- 75
[Ans. national income = Rs. 925crores.]
Q.161 Calculate (a) gross domestic product at market prices, and (b) net national product
Items
(Rs. in crores)
a. Net factor income from abroad------------------------------------------------------------------------------------- (-) 5
b. Net exports-------------------------------------------------------------------------------------------------------------- (-) 7
c. Net indirect taxes----------------------------------------------------------------------------------------------------------47
d. Net change in stocks----------------------------------------------------------------------------------------------------- 13

38

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e. Private final consumption expenditure----------------------------------------------------------------------------- 263

f. Government final consumption expenditure----------------------------------------------------------------------- 50
g. Consumption of fixed capital------------------------------------------------------------------------------------------- 45
h. Gross domestic capital formation----------------------------------------------------------------------------------- 100
[Ans. GNPMP = Rs. 401crores, NNPFC = 309crores]
Q.162 From the following data calculate (i) Gross National Product at Market Price and (ii) Net National Disposable
Income:]
Items
(Rs. in crores)
a. Compensation of employees-------------------------------------------------------------------------------------- 4000
b. Rent------------------------------------------------------------------------------------------------------------------------ 800
c. Profits--------------------------------------------------------------------------------------------------------------------- 1500
d. Undistributed profits---------------------------------------------------------------------------------------------------- 400
e. Mixed income of self-employed------------------------------------------------------------------------------------ 1800
f. Net exports---------------------------------------------- --------------------------------------------------------------- (-)30
g. Net domestic capita formation--------------------------------------------------------------------------------------- 900
h. Gross domestic fixed capital formation-------------------------------------------------------------------------- 1000
i. Change in stock---------------------------------------------------------------------------------------------------------- 50
j. Interest--------------------------------------------------------------------------------------------------------------------- 900
k. Net indirect tax----------------------------------------------------------------------------------------------------------- 500
l. Net current transfers from rest of the world------------------------------------------------------------------------ 60
m. Net factor income to abroad---------------------------------------------------------------------------------------- (-)80
[Ans. (a) Rs. 9730crores, (b) Rs. 9640crores]
Q.163 Find out (a) gross domestic product at market price and net national product at factor cost from the following data:
Items
(Rs. in crores)
a. Indirect taxes--------------------------------------------------------------------------------------------------------------- 65
b. Deprecation---------------------------------------------------------------------------------------------------------------- 45
c. Net factor income from abroad-------------------------------------------------------------------------------------- (-) 5
d. Private final consumption expenditure---------------------------------------------- -------------------------------290
e. Net exports---------------------------------------------- -------------------------------------------------------------- (-) 20
f. Government final consumption expenditure----------------------------------------------------------------------- 55
g. Gross domestic capital formation --------------------------------------------------------------------------------- 120
h. Net change in stocks----------------------------------------------------------------------------------------------------- 15
i. Subsidies------------------------------------------------------------------------------------------------------------------- 20
[Ans. GDPMP = Rs. 445 crores, NNPFC = Rs. 350 crores.]
Q.164 Find out operating surplus from the following data:
Items
(Rs. in crores)
a. Net value added at market price------------------------------------------------------------------------------------ 430
b. Wages and salaries-----------------------------------------------------------------------------------------------------300
c. Subsidies-------------------------------------------------------------------------------------------------------------------- 10
d. Indirect taxes--------------------------------------------------------------------------------------------------------------- 40
[Ans. operating surplus = Rs 100 crores.]
Q.165 If domestic factor income is Rs. 1,000 crores and net factor income from abroad is Rs. (-) 5 crores, how much will
be the national income?
[Ans. national income = 995 crores.]
Q.166 Find the operating surplus from the following data:
Items
(Rs. in crores)
a. Gross value added at factor cost------------------------------------------------------------------------------------ 100
b. Wages and salaries------------------------------------------------------------------------------------------------------ 30
c. Consumption of fixed capital------------------------------------------------------------------------------------------- 10
d. Employers contribution to social security scheme----------------------------------------------------------------- 3
e. Employees subscription to provident fund--------------------------------------------------------------------------- 2
[Ans. operating surplus = Rs. 57 crores]

39

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.167 Calculate gross value added at factor cost from the following data:
Items
(Rs. in crores)
a. Gross value of output at market price--------------------------------------------------------------------------10,000
b. Depreciation------------------------------------------------------------------------------------------------------------1,000
c. Indirect taxes------------------------------------------------------------------------------------------------------------- 750
d. Economic subsidies-----------------------------------------------------------------------------------------------------250
e. Intermediate consumption------------------------------------------------------------------------------------------ 5,000
f. Compensation of employees---------------------------------------------------------------------------------------2,000
[Ans. gross value added at factor cost = Rs. 4,500 crores]
Q.168 From the following data calculate NDP at factor cost:
Items
(Rs. in crores)
a. Private income----------------------------------------------------------------------------------------------------------- 925
b. Income form domestic product accruing to Govt. sector ----------------------------------------------------- 12
c. Transfer payments------------------------------------------------------------------------------------------------------ 100
d. Net factor income from abroad---------------------------------------------------------------------------------- (-) 200
e. Net indirect taxes-------------------------------------------------------------------------------------------------------- 250
[Ans. NDPFC = Rs. 1,150crores]
Q.169 From the following data, calculate national income.
Items
(Rs. in crores)
a. Compensation of employees------------------------------------------------------------------------------------- 13,300
b. Indirect taxes----------------------------------------------------------------------------------------------------------- 3,800
c. Mixed income of self-employed ---------------------------------------------------------------------------------16,100
d. Operating surplus----------------------------------------------------------------------------------------------------- 5,000
e. Net factor income from abroad------------------------------------------------------------------------------------- 3,00
f. Consumption of fixed capital--------------------------------------------------------------------------------------- 2,200
[Ans. National Income = 34,700crores]
Q.170 From the following data calculate NFIA:
Items
(Rs. in crores)
a. NNP at MP----------------------------------------------------------------------------------------------------------- 50,000
b. Indirect taxes----------------------------------------------------------------------------------------------------------- 1,000
c. Subsidies---------------------------------------------------------------------------------------------------------------- 1,200
d. Operating surplus----------------------------------------------------------------------------------------------------- 5,000
e. Mixed income---------------------------------------------------------------------------------------------------------- 2,000
f. Compensation of employees------------------------------------------------------------------------------------- 15,000
[Ans. NFIA = 28,200crores.]
Q.171 Calculate GDPFC from the following data:
Items
(Rs. in crores)
a. Value of intermediate consumption------------------------------------------------------------ ---------------------250
b. Indirect tax------------------------------------------------------------ ------------------------------------------------------40
c. Deprecation-----------------------------------------------------------------------------------------------------------------50
d. Value of output----------------------------------------------------------------------------------------------------------- 700
[Ans. GDPFC = Rs. 410crores]
Q.172 On the basis of the following information calculate: (a) Net value added at factor cost, (b) gross domestic product
at market price.
Items
(Rs. in crores)
a. Operating surplus----------------------------------------------------------------------------------------------------- 2,000
b. Wages and salaries-------------------------------------------------------------------------------------------------- 4,000
c. Mixed income of self-employed----------------------------------------------------------------------------------- 1,000
d. Net indirect tax----------------------------------------------------------------------------------------------------------- 150
e. Deprecation--------------------------------------------------------------------------------------------------------------- 500
f. Rent------------------------------------------------------------------------------------------------------------------------- 500
g. Interest-------------------------------------------------------------------------------------------------------------------1,000
[Ans. NVAFC = 7,000crores, GDPMP= Rs. 7,650crores.]

40

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.173 From the national accounts for the year 1990 at current prices we have the following information. Compare the
value of (a) NNP at MP (b) GNP at MP (c) GNP at FC (d) NDP at FC.
Items
(Rs. in crores)
a. NDP at market prices------------------------------------------------------------------------------------------------ 80,000
b. Net factor income from abroad------------------------------ ---------------------------------------------------- (-) 200
c. Depreciation------------------------------------------------------------------------------------------------------------4,950
d. Subsidies---------------------------------------------------------------------------------------------------------------- 1,770
e. Indirect taxes--------------------------------------------------------------------------------------------------------- 10,600
[Ans. NNMP = Rs. 79,800 crores, GNPMP = Rs. 84,750 crores, GNPFC=Rs. 75,920crores, NDPFC= Rs.
71,170crores]
Q.174 The figure given below pertain to 1994-95. Compute (a) deprecation, (b) net factor income from abroad, (c)
subsidies, (d) NDP at factor cost.
Items
(Rs. in crores)
a. GNP at factor price--------------------------------------------------------------------------------------------------95,000
b. Indirect taxes--------------------------------------------------------------------------------------------------------- 14,000
c. NDP at market price--------------------------------------------------------------------------------------------- 1,00,422
d. NNP at market price----------------------------------------------------------------------------------------------1,00,000
e. GNP at market price--------------------------------------------------------------------------------------------- 1,07,000
[Ans. depreciation = Rs. 7,000crores, NFIA = Rs. (-) 422 crores, net indirect taxes = Rs. 12,000crores,
NDPFC = Rs. 88,422crores.]
Q.175 From the given information, estimate GNPMP.
Items
(Rs. in crores)
a. GDP at FC-----------------------------------------------------------------------------------------------------------------370
b. Net indirect taxes----------------------------------------------------------------------------------------------------------60
c. NFIA------------------------------ ------------------------------ -------------------------------------------------------- (-) 30
[Ans. GNPMP= Rs. 400 crores]
Q.176 From the following data, calculate Net indirect taxes and NDPFC:
Items
(Rs. in crores)
a. GDPMP --------------------------------------------------------------------------------------------------------------------- 600
b. Operating surplus------------------------------------------------------------------------------------------ ---------------50
c. Consumption of fixed capital------------------------------------------------------------------------------------------100
d. Wages and salaries-----------------------------------------------------------------------------------------------------300
[Ans. NDPFC = Rs. 350crores]
Q.177 Calculate the values of GNPMP and GNPFC.
Items
(Rs. in crores)
a. Amount of the tea product----------------------------------------------------------------------------------------- 2,000
b. Market price of tea per kg, ------------------------------------------------------------------------------------------- 100
c. Amount of coffee Produced----------------------------- -----------------------------------------------------------1,500
d. Market price of coffee per kg. ----------------------------------------------------------------------------------------300
e. Value of other agricultural products----------------------------- ---------------------------------------------6,00,000
f. Value of industrial products-------------------------------------------------------------------------------------8,00,000
g. Value of intermediate inputs------------------------------------------------------------------------------------3,00,000
h. Net indirect taxes--------------------------------------------------------------------------------------------------1,00,000
[Ans. GNPMP = Rs. 17,50,000crores, GNPFC = Rs. 16,50,000 crores.]
Q.178 Calculate gross value added at factor cost from the following:
Items
(Rs. in crores)
a. Gross value of output at market price
10,000
b. Deprecation
1,000
c. Indirect taxes
750
d. Subsidies
250
e. Intermediate consumption
5,000
f. Compensation of employees
2,000
[Ans. gross value added at factor cost= Rs. 4500 crores.]

41

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.179 From the following given data determine the values of (a) GDPMP (b)GNPFC (c)NNPMP (d)NNPFC
Items
(Rs. in crores)
a. Value of output---------------------------------------------------------- ------------------------------------------1,00,000
b. Deprecation-------------------------------------------------------------------------------------------------------------6,000
c. Indirect taxes-----------------------------------------------------------------------------------------------------------6,000
d. Subsidies----------------------------------------------------------------------------------------------------------------1,000
e. Intermediate consumption-----------------------------------------------------------------------------------------24,000
[Ans.GDPMP=Rs.76,000crores,GNPFC=Rs.71,000crores,NNPMP= 70,000crores, NNPFC = Rs. 65,000crores.]
Q.180 From the data given below find out the net value added at factor cost.
Items
(Rs. in crores)
a. Total sales-----------------------------------------------------------------------------------------------------------------500
b. Cost of intermediate inputs-------------------------------------------------------------------------------------------- 200
c. Indirect taxes------------------------------------------------------------------------------------------------ --------------175
d. Subsidies----------------------------- --------------------------------------------------------------------------------------- 25
e. Depreciation---------------------------------------------------------------------------------------------------------------- 50
[Ans. Net value added at FC = Rs. 100 crores.]
Q.181 From the data given below calculate (i) gross domestic product at market prices by income method (ii)NI by
expenditure method.
Items
(Rs. in crores)
a. Compensation of employees------------------------------------------------------------------------------------- 13,000
b. Indirect taxes--------------------------------------------------------------------------------------- --------------------3,700
c. Gross fixed capital formation-------------------------------------------------------------------------------------- 6,300
d. Interest, rent and profit-----------------------------------------------------------------------------------------------5,000
e. Govt. final consumption expenditure-----------------------------------------------------------------------------3,400
f. Mixed income---------------------------------------------------------------------------------------------------------16,000
g. Change in stock---------------------------------------------------------------- ---------------------------------------1,000
h. Imports-------------------------------------------------------------------------------------------------------------------1,800
i. Exports-------------------------------------------------------------------------------------------------------------------1,700
j. Private final consumption expenditure-------------------------------- -----------------------------------------29,000
k. Subsidies-------------------------------- ----------------------------------------------------------------------------------300
l. Net factor income from abroad---------------------------------------------------------------------------------------250
m. Consumption of fixed capital-------------------------------- -------------------------------------------------------2,200
[Ans. GDPMP = Rs. 39,600crores, National income = Rs. 34,250crores]
Q.182 Calculate national income on the basis of the following data:
Items
(Rs. in crores)
a. Private final consumption Expenditure in domestic market-------------------------------- ------------------ 750
b. Govt. final consumption Expenditure--------------------------------------------------------------------------------100
c. Consumption of fixed capital------------------------------------------------------------------------------------------- 25
d. Net exports---------------------------------------------------------------- --------------------------------------------- (-) 25
e. Net factor income from abroad------------------------------------------------------------------------------------ (-) 20
f. Gross fixed capital formation-------------------------------- ---------------------------------------------------------300
g. Change in stocks-------------------------------- --------------------------------------------------------------------------50
h. Direct purchases abroad by resident households-------------------------------- --------------------------------50
i. Direct purchases by non-residents in the domestic market-------------------------------- ----------------------5
j. Net indirect taxes-------------------------------- ------------------------------------------------------------------------100
[Ans. NNPFC = Rs. 1,030 crores.]
Q.183 Calculate (i) GDP at MP by income method and (ii) NNP at FC by expenditure method.
Items
(Rs. in crores)
a. Govt. final consumption Expenditure------------------------------------------------------------------------------- 100
b. Gross fixed capital formation---------------------------------------------------------------- -------------------------310
c. Operating surplus--------------------------------------------------------------------------------------------------------800
d. Change in stocks---------------------------------------------------------------- ------------------------------------------50
e. Exports-----------------------------------------------------------------------------------------------------------------------40

42

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Q.184

Q.185

Q.186

Q.187

f. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10

g. Subsidies--------------------------------------------------------------------------------------------------------------------20
h. Consumption of fixed capital---------------------------------------------------------------- ---------------------------20
i. Imports------------------------------------------------------------------------------------------------ -----------------------50
j. Compensation of employees---------------------------------------------------------------- -------------------------300
k. Mixed income of self-employed---------------------------------------------------------------- -----------------------30
l. Indirect taxes---------------------------------------------------------------- ---------------------------------------------120
m. Pvt. Final consumption Expenditure-------------------------------- ------------------------------------------------800
[Ans. GDPMP by income method = Rs. 1,250 crores, NNPFC by expenditure method = Rs. 1,120crores]
Calculate (i) GDP at MP and GNP at MP by income method.
Items
(Rs. in crores)
a. Compensation of employees-------------------------------- -----------------------------------------------------13,363
b. Govt. final consumption expenditure-----------------------------------------------------------------------------3,801
c. Indirect taxes-----------------------------------------------------------------------------------------------------------3,864
d. Gross fixed capital formation---------------------------------------------------------------------------------------6,305
e. Mixed income of the self-employed-----------------------------------------------------------------------------16,112
f. Interest, rent and profit-----------------------------------------------------------------------------------------------5,044
g. Subsidies------------------------------------------------------------------------------------------------ ------------------337
h. Net factor income from abroad-----------------------------------------------------------------------------------(-) 284
i. Consumption of fixed capital---------------------------------------------------------------- -----------------------2,217
[Ans. GDPMP = Rs. 40,263crores., GNPMP = Rs. 3,979crores]
Calculate GDPFC and national income by income method.
Items
(Rs. in crores)
a. Govt. final consumption Expenditure-----------------------------------------------------------------------------7,351
b. Net indirect taxes------------------------------------------------------------------------------------------------------7,714
c. Gross fixed capital formation-------------------------------- -----------------------------------------------------13,248
d. Mixed income of the self-employed-----------------------------------------------------------------------------28,267
e. Rent, interest, profit---------------------------------------------------------------------------------------------------8,637
f. Consumption of fixed capital---------------------------------------------------------------- -----------------------4,046
g. NFIA---------------------------------------------------------------------------------------------------------------------(-) 255
h. Compensation of employees------------------------------------------------------------------------------------24,420
[Ans. national income = Rs. 62,069crores, GDPFC = Rs. 66,370crores.]
Calculate GDPMP , GDPFC and GNPFC by expenditure method
Items
(Rs. in crores)
a. Compensation of employees---------------------------------------------------------------- -------------------- 24,420
b. Govt. final consumption Expenditure-----------------------------------------------------------------------------7,351
c. Private final consumption Expenditure------------------------------------------------------------------------ 51,177
d. Exports---------------------------------------------------------------- --------------------------------------------------4,812
e. Imports-------------------------------------------------------------------------------------------------------------------5,664
f. Gross fixed capital formation---------------------------------------------------------------- ---------------------13,248
g. Change in stocks------------------------------------------------------------------------------------------------ -----3,170
h. NFIA---------------------------------------------------------------------------------------------- ----------------------(-) 255
i. consumption of fixed capital----------------------------------------------------------------------------------------4,046
j. Indirect taxes-----------------------------------------------------------------------------------------------------------8,834
k. Subsidies----------------------------------------------------------------------------------------------------------------1,120
[Ans. GDPMP = Rs. 74,094crores., GDPFC = Rs. 66,380crores, GNPFC = Rs. 66,125crores.]
Find the value of output and GVA at MP from the following data.
Items
(Rs. in crores)
a. Purchase of intermediate inputs---------------------------------------------------------------- ---------------------200
b. Consumption of fixed capital---------------------------------------------------------------- ---------------------------50
c. Indirect taxes---------------------------------------------------------------- -----------------------------------------------75
d. Subsidy------------------------------------------------------------------------------------------------ ----------------------25
e. Wages and salaries-----------------------------------------------------------------------------------------------------400

43

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Q.188

Q.189

Q.190

Q.191

f. Rent---------------------------------------------------------------------------------------------------------------------------60
g. Interest-----------------------------------------------------------------------------------------------------------------------40
h. Profits-----------------------------------------------------------------------------------------------------------------------100
i. Sales------------------------------------------------------------------------------------------------------------------------800
j. Change in stocks---------------------------------------------------------------------------------------------- ----------100
[Ans. value of output = Rs. 900crores, GVAMP = Rs. 700crores.]
Find out (i) NDP at factor cost by expenditure method and (ii) GDP at Market price by income method from the
data given below:
Items
(Rs. in crores)
a. Gross fixed capital formation ----------------------------------------------------------------------------------- -----130
b. Private final consumption expenditure----------------------------------------------- ------------------------------510
c. Fixed income of the self-employed----------------------------------------------- ----------------------------------280
d. Net factor income from rest of the world------------------------------------------------- -------------------------(-) 5
e. Exports-----------------------------------------------------------------------------------------------------------------------50
f. Imports---------------------------------------------------------------------------------------------- -------------------------60
g. Compensation of employees------------------------------------------------------------------------------------------240
h. Govt. final consumption expenditure----------------------------------------------- ----------------------------------70
i. Consumption of fixed capital----------------------------------------------- --------------------------------------------40
j. Indirect taxes---------------------------------------------------------------------------------------------- -----------------90
k. Subsidies----------------------------------------------- ---------------------------------------------------------------------10
l. Rent, interest and profits---------------------------------------------------------------------------------------------- --90
m. Change in stocks---------------------------------------------------------------------------------------------- ------------30
n. Interest on national debt-------------------------------------------------------------------------------------------------10
[Ans. NDPFC = Rs. 610crores, GDPMP= Rs. 730crores]
Calculate GNP at MP:
Items
(Rs. in crores)
a. Interest-----------------------------------------------------------------------------------------------------------------------25
b. Net factor income from abroad-------------------------------------------------------------- ----------------------- (-) 5
c. Net indirect taxes----------------------------------------------------------------------------------------------------------40
d. Royalty--------------------------------------------------------------------------------------------- -------------------------- 5
e. Wages and salaries-----------------------------------------------------------------------------------------------------240
f. Depreciation-------------------------------------------------------------- --------------------------------------------------50
g. Profits--------------------------------------------------------------------------------------------- ---------------------------30
h. Rent-------------------------------------------------------------------------------------------------------------------------- 10
[Ans. GNPMP = Rs. 395 crores.]
Calculate National Income by income method from the given data:
Items
(Rs. in crores)
a. Compensation of employees-------------------------------------------------------------- -----------------------13,300
b. Wages in kind-------------------------------------------------------------- ----------------------------------------------200
c. Indirect taxes-------------------------------------------------------------- -------------------------------------------3,800
d. Gross domestic fixed capital formation--------------------------------------------------------------------------6,200
e. Operating surplus-------------------------------------------------------------- ---------------------------------------5,000
f. Mixed income of self-employed----------------------------------------------------------------------------------16,100
g. Net factor income from abroad---------------------------------------------------------------------------------------300
h. Net exports---------------------------------------------------------------- ------------------------------------------- (-) 100
[Ans. National Income = Rs. 34,700crores.]
Calculate GDPMP from the given data:
Items
(Rs. in crores)
a. Gross domestic fixed investment------------------------------------------------------------------------------------150
b. Increase in inventories-------------------------------- -------------------------------------------------------------------25
c. Govt. consumption Expenditure---------------------------------------------------------------- ---------------------125
d. Exports of goods and services---------------------------------------------------------------- ------------------------85
e. Import of goods and services-----------------------------------------------------------------------------------------105

44

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Q.192

Q.193

Q.194

Q.195

f. Personal disposable income----------------------------------------------------------------------------------------2,150

(Consumers savings are nil.)
[Ans. GDPMP = Rs. 2,430crores.]
Calculate GDP at market prices by the (i) Income And Expenditure method from the following data:
Items
(Rs. in crores)
a. Compensation of employees---------------------------------------------------------------- ---------------------13,363
b. Govt. final consumption Expenditure-----------------------------------------------------------------------------3,801
c. Indirect taxes-------------------------------------------------------------------------------------------------------- ---3,864
d. Gross fixed capital formation---------------------------------------------------------------------------------------6,305
e. Mixed income of the self-employed-----------------------------------------------------------------------------16,112
f. Interest, rent and profit----------------------------------------------------------------------------------------------- 5,044
g. Change in stock--------------------------------------------- ----------------------------------------------------------1,039
h. Exports of goods and services-------------------------------------------------------------------------------------1,771
i. Imports of goods and services-------------------------------------------------------------------------------------1,816
j. Private final consumption expenditure--------------------------------------------- ----------------------------29,163
k. Net factor income from abroad--------------------------------------------- ------------------------------------- (-) 284
l. Subsidies--------------------------------------------- ---------------------------------------------------------------------337
m. Consumption of fixed capital--------------------------------------------------------------------------------------- 2,217
[Ans. GDPMP by income method = Rs. 40,263crores, GDPMP by expenditure method = Rs. 40,263crores.]
From the data given below calculate national income by (i) income method, (ii) expenditure method and (iii)
GNPFC.
Items
(Rs. in crores)
a. Govt. final consumption Expenditure-----------------------------------------------------------------------------7,341
b. Indirect taxes-----------------------------------------------------------------------------------------------------------8,834
c. Gross fixed capital formation--------------------------------------------- ----------------------------------------13,248
d. Mixed income of the self-employed-----------------------------------------------------------------------------29,267
e. Subsidies----------------------------------------------------------------------------------------------------------------1,120
f. Change in stocks------------------------------------------------------------------------------------------------------3,170
g. Rent, interest and profit------------------------------------------------------------------------------------------ ---9,637
h. Consumption of fixed capital--------------------------------------------- ------------------------------------------4,046
i. Private fixed consumption expend. --------------------------------------------- -------------------------------51,177
j. Exports of goods and services-------------------------------------------------------------------------------------4,812
k. Net factor income earned from abroad-------------------------------------------------------------------------(-) 255
l. Compensation of employees--------------------------------------------- ----------------------------------------23,420
m. Imports of goods and services-------------------------------------------------------------------------------------5,664
[Ans. NNPFC by income method = Rs. 62,069crores, NNPFC by expenditure method = Rs. 62,069crores,
GNPFC = Rs. 66,115crores.]
Calculate GNP at MP by the income and expenditure methods:
Items
(Rs. in crores)
a. Domestic consumption---------------------------------------------------------------------------------------------- 6,000
b. Profit----------------------------------------------------------------------------------------------------------------------1,800
c. Depreciation------------------------------------------------------------------------------------------ ----------------------80
d. Net foreign investment--------------------------------------------------------------------------------------------------400
e. Wages--------------------------------------------------------------------------------------------------------------------4,500
f. Gross domestic investment-----------------------------------------------------------------------------------------1,680
g. Interest------------------------------------------------------------------------------------------ ---------------------------900
h. Rent-------------------------------------------------------------------------------------------------------------------------800
[Ans. GNPMP by income method = Rs. 8,080crores, GNPMP by expenditure method= Rs. 8,080crores]
With the help of the information given below estimate GNP at MP:
Items
(Rs. in crores)
a. Pvt. consumption Expenditure--------------------------------------------- --------------------------------------50,000
b. Govt. consumption Expenditure--------------------------------------------- ------------------------------------15,000

45

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.196

Q.197

Q.198

Q.199

Q.200

c. Gross fixed capital formation--------------------------------------------- ----------------------------------------10,000

d. Increase in stocks-----------------------------------------------------------------------------------------------------2,000
e. Export of goods and services--------------------------------------------- -----------------------------------------5,000
f. Imports of goods and services-------------------------------------------------------------------------------------7,000
g. Capital consumption allowance------------------------------------------------------------------------------------6,500
h. Net indirect taxes------------------------------------------------------------------------------------------------------5,000
i. Net factor income from abroad-------------------------------------------------- -------------------------------(-) 3000
[Ans. GNPMP= Rs. 72,000 crores.]
From the information given below calculate (i) GDP at FC and (ii) national income:
Items
(Rs. in crores)
a. Depreciation------------------------------------------------------------------------------------------------------------1,000
b. Govt. final consumption Expenditure------------------------------------------------------------- ---------------3,650
c. Exports-------------------------------------------------------------------------------------------------------------------1,500
d. Imports-------------------------------------------------------------------------------------------------------------------2,000
e. Indirect taxes------------------------------------------------------------- ------------------------------------------------500
f. Households final consumption Expenditure------------------------------------------------------------- ------4,980
g. Change in stocks------------------------------------------------------------- -------------------------------------------365
h. Gross fixed capital formation---------------------------------------------------------------------------------------1,235
i. Economic subsidies-----------------------------------------------------------------------------------------------------800
j. Net factor income earned from abroad------------------------------------------------------------- ---------------200
[Ans. GNPFC = Rs. 10,030crores, NI = Rs. 9,230crores.]
From the following data, estimate the value added.
Items
(Rs. in crores)
a. Value of services supplied------------------------------------------------------------- -----------------------------3,120
b. Cost of raw material and inputs------------------------------------------------------------- ----------------------5,370
c. Value of sale of services------------------------------------------------------------- -------------------------------2,250
[Ans . Value added = Rs. 0]
Calculate national income by income and expenditure methods from the following data:
Items
(Rs. in crores)
a. Govt final consumption expenditure----------------------------------------------------------------------------------50
b. Operating surplus------------------------------------------------------------- ------------------------------------------300
c. Opening stock--------------------------------------------------------------------------------------------------------------20
d. Private final consumption expenditure------------------------------------------------------------- ----------------500
e. Gross fixed capital formation-------------------------------------------------------------------------------------------90
f. Closing stock------------------------------------------------------------- --------------------------------------------------35
g. Net exports----------------------------------------------------------------------------------------------------------------(-) 5
h. Net indirect taxes----------------------------------------------------------------------------------------------------------60
i. Compensation of employees------------------------------------------------------------- ----------------------------220
j. Consumption of fixed capital------------------------------------------------------------- ------------------------------20
k. Mixed income------------------------------------------------------------- -------------------------------------------------50
l. Net factor income from abroad------------------------------------------------------------- ---------------------------20
[Ans. NI by income method = Rs. 590 crores, NNPFC by expenditure method = Rs. 590crores]
Find net domestic product at market price from the following data:
Items
(Rs. in crores)
a. Consumption of fixed capital------------------------------------------------------------- ------------------------------50
b. Net indirect taxes----------------------------------------------------------------------------------------------------------30
c. Value of output------------------------------------------------------------- ----------------------------------------------750
d. Value of intermediate consumption------------------------------------------------------------- --------------------300
[Ans. NDPMP = Rs. 400crores]
From the following data calculate gross national product at factor cost:
Items
(Rs. in crores)
a. Gross fixed capital formation------------------------------------------------------------- ----------------------------100
b. Change in stocks------------------------------------------------------------- ---------------------------------------------20

46

Learning Economics becomes a childs play. Prasanta Saha Sir

c. Net capital formation----------------------------------------------------------------------------------------------------110

d. Mixed income of self-employed--------------------------------------------------------------------------------------200
e. Net factor income from abroad----------------------------------------------------------- -------------------------(-) 10
f. Net exports--------------------------------------------------------------------------------------------------------------(-) 20
g. Compensation of employees------------------------------------------------------------- ----------------------------250
h. Operating surplus--------------------------------------------------------------------------------------------------------400
i. Net indirect taxes------------------------------------------------------------- --------------------------------------------50
[Ans. GNPFC = Rs. 850crores.]
Q.201 Calculate New value added at market price from the following data:
Items
(Rs. in crores)
a. Subsidies----------------------------------------------------------------------------------------------------------------------1
b. Sales-------------------------------------------------------------------------------------------------------------------- ----100
c. Closing stock------------------------------------------------------------- --------------------------------------------------10
d. Indirect taxes-----------------------------------------------------------------------------------------------------------------5
e. Intermediate consumption-----------------------------------------------------------------------------------------------30
f. Opening stock--------------------------------------------------------------------------------------------------------------20
g. Consumption of fixed capital------------------------------------------------------------- ------------------------------15
[Ans. net value added at MP = Rs. 45crores]
Q.202 Calculate (i) GNP at MP by expenditure method and (ii) GDP at MP by income method:
Items
(Rs. in crores)
a. Private final consumption expenditure------------------------------------------------------------------------------200
b. Government final consumption expenditure------------------------------------------------------------------------20
c. Gross domestic capital formation------------------------------------------------------------- ------------------------40
d. Net exports------------------------------------------------------------- ------------------------------------------------- (-) 5
e. Wages and salaries-----------------------------------------------------------------------------------------------------165
f. Employers contribution to social security schemes------------------------------------------------------------- 10
g. Profits------------------------------------------------------------- -----------------------------------------------------------15
h. Interest------------------------------------------------------------- --------------------------------------------------------- 20
i. Subsidies--------------------------------------------------------------------------------------------------------------------- 5
j. Indirect taxes------------------------------------------------------------- --------------------------------------------------30
k. NFIA------------------------------------------------------------- -------------------------------------------------------------- 5
l. Consumption of fixed capital------------------------------------------------------------- ------------------------------ 5
m. Rent------------------------------------------------------------- ------------------------------------------------------------ 15
[Ans. GNP at MP = Rs. 260crores, GDP at MP = Rs. 255crores.]
Q.203 Find out net value added at factor cost by an enterprise on the basis of following data:
Items
(Rs. in crores)
a. Consumption of raw materials------------------------------------------------------------- --------------------------150
b. Value of output------------------------------------------------------------- ----------------------------------------------600
c. Excise duty----------------------------------------------------------------------------------------------------------------- 60
d. Sales tax-------------------------------------------------------------------------------------------------------------------- 60
e. Depreciation---------------------------------------------------------------------------------------------------------------- 30
[Ans. Net Value added at FC = Rs. 300crores.]
Q.204 From the given data for a firm find out net value added at factor cost:
Items
(Rs. in crores)
a. Total sales-------------------------------------------------------------------------------------------------------------75,000
b. Purchases of raw materials and other inputs-----------------------------------------------------------------30,000
c. Indirect taxes------------------------------------------------------------- --------------------------------------------- 7,500
d. Consumption of fixed capital------------------------------------------------------------- ------------------------- 2,500
[Ans. net value added at FC = Rs. 35,000 crores.]
Q.205 Calculate: (i) gross value added at factor cost, value of gross product, (iii) value of net product at market price, (iv)
net value added at factor cost.
Items
(Rs. in crores)

47

Learning Economics becomes a childs play. Prasanta Saha Sir

a. Value of output------------------------------------------------------------- --------------------------------------------- 800

b. Cost of intermediate goods and services------------------------------------------------------------------------- 600
c. Wages and salaries-----------------------------------------------------------------------------------------------------100
d. Dividend------------------------------------------------------------- ------------------------------------------------------- 10
e. Indirect tax (net) ------------------------------------------------------------- -------------------------------------------- 25
f. Depreciation----------------------------------------------------------------------------------------------------------------- 5
g. Retained profit------------------------------------------------------------------------------------------------------------- 60
[Ans. GVAFC = Rs. 175 crores, value of gross product = Rs. 200crores, value of net product at MP = Rs.
195croers, NVAFC = Rs. 170crores.]
Q.206 Calculate NI by expenditure method from the given data:
Items
(Rs. in crores)
a. Depreciation------------------------------------------------------------- ---------------------------------------------- 2,217
b. Net indirect taxes----------------------------------------------------------------------------------------------------- 3,527
c. Imports------------------------------------------------------------- ----------------------------------------------------- 1,816
d. Exports------------------------------------------------------------------------------------------------------------------ 1,771
e. Change in stocks------------------------------------------------------------- ---------------------------------------- 1,039
f. Gross fixed capital formation-------------------------------------------------------------------------------------- 6,305
g. Govt. final consumption expenditure------------------------------------------------------------- --------------- 3,801
h. Private final consumption expenditure------------------------------------------------------------- ----------- 29,163
i. Net factor income from abroad------------------------------------------------------------- --------------------- (-) 284
[Ans., NI by expenditure method = Rs. 34,235 crores]
Q.207 Calculate (i) Net domestic product at factor cost and (ii) national income from the following data
Items
(Rs. in crores)
a. Disposable income--------------------------------------------------------------------------------------------------37,885
b. Net other current transfers from abroad------------------------------------------------------------- --------------123
c. Net indirect taxes------------------------------------------------------------------------------------------------------3,527
d. Net factor income from abroad------------------------------------------------------------- --------------------- (-) 284
[Ans. GNPMP = Rs 55,000crores]
Q.208 Calculate national income by (i) income method and (ii) expenditure method:
Items
(Rs. in crores)
a. Compensation of employees------------------------------------------------------------- ------------------------13,300
b. Govt. final consumption expenditure------------------------------------------------------------- --------------- 3,800
c. Indirect tax------------------------------------------------------------- ------------------------------------------------ 3,800
d. Gross domestic fixed capital formation------------------------------------------------------------- ------------ 6,300
e. Mixed income of self-employed----------------------------------------------------------------------------------16,100
f. Operating surplus------------------------------------------------------------- ---------------------------------------5,000
g. Net increase in stock------------------------------------------------------------- ------------------------------------1,000
h. Exports of goods and services------------------------------------------------------------------------------------ 1,700
i. Imports of goods and services------------------------------------------------------------------------------------ 1,800
j. Private final consumption expenditure------------------------------------------------------------- ----------- 29,100
k. Net factor income from abroad-------------------------------------------------------------------------------------- 300
l. Consumption of fixed capital------------------------------------------------------------- ------------------------- 2,200
m. Subsidies------------------------------------------------------------- ---------------------------------------------------- 300
[Ans. national Income by income method = Rs. 34,700crores, National income method = Rs, 34,700crores.]

Q.209

Use expenditure method to calculate net national product.

Items
(Rs. in crores)
a. Non-govt. consumption expenditure----------------------------------------------------------------------------60,000
b. Government consumption expenditure--------------------------------------------------------------------------1,000
c. Non-govt. fixed capital investment------------------------------------------------------------------------------- 1,000
d. Govt. fixed capital investment------------------------------------------------------------------------------------- 2,000
e. Investment of inventories------------------------------------------------------------- ------------------------------- 500
f. Depreciation------------------------------------------------------------- ------------------------------------------------ 700
g. Net foreign investment ------------------------------------------------------------- ---------------------------------- 500

48

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.210

Q.211

Q.212

Q.213

Q.214

h. Company profit tax------------------------------------------------------------- ------------------------------------- 1,500

i. Net indirect taxes------------------------------------------------------------- ------------------------------------------300
j. Operating surplus of govt. enterprises------------------------------------------------------------- --------------- 900
k. Undistributed profit------------------------------------------------------------------------------------- -------------- 1,200
l. Interest paid by the government------------------------------------------------------------- ----------------------- 300
[Ans. NNP by expenditure method = Rs. 64,300crores.]
Find out gross domestic product at market price according to both income method and expenditure method. Show
hat the result shown by both the methods is the same:
Items
(Rs. in crores)
a. Domestic consumption---------------------------------------------------------------------------------------------60,000
b. Depreciation ------------------------------------------------------------------------------------------------------------- 800
c. Profit------------------------------------------------------------- -------------------------------------------------------18,000
d. Net foreign investment---------------------------------------------------------------------------------------------- 4,000
e. Wages------------------------------------------------------------------------------------------------------------------45,000
f. Gross domestic investment------------------------------------------------------------- --------------------------16,800
g. Interest------------------------------------------------------------------------------------------------------------------ 9,000
h. Rent------------------------------------------------------------- -------------------------------------------------------- 8,000
[Ans. GDPMP by income method = Rs. 80,800crores, GDPMP by expenditure method = Rs. 80,800crores.]
Calculate GDPMP by the income method:
Items
(Rs. in crores)
a. Compensation of employees------------------------------------------------------------- ----------------------- 13,363
b. Indirect taxes---------------------------------------------------------------------------------------------------------- 3,864
c. Mixed income----------------------------------------------------------------------------------------------- --------- 16,112
d. Interest, rent------------------------------------------------------------- ---------------------------------------------- 2,044
e. Profit--------------------------------------------------------------------------------------------------------------------- 3,000
f. Net factor income from abroad------------------------------------------------------------- --------------------- (-) 284
g. Subsidies------------------------------------------------------------- ---------------------------------------------------- 337
h. Depreciation------------------------------------------------------------- ---------------------------------------------- 2,217
[Ans. GDPMP = Rs. 40,263crores.]
Estimate NI by expenditure method:
Items
(Rs. in crores)
a. Consumption of fixed capital------------------------------------------------------------- ----------------------------130
b. Net indirect taxes-------------------------------------------------------------------------------------------------------- 220
c. Personal disposable income-------------------------------------------------------------------------------------- 1,570
d. Net exports------------------------------------------------------------- ------------------------------------------------ (-) 70
e. Direct taxes paid by households-------------------------------------------------------------------------------------- 30
f. Private final consumption Expenditure-------------------------------------------------------------------------- 1,340
g. Changes in stocks------------------------------------------------------------- ------------------------------------------ 60
h. Gross domestic fixed capital formation---------------------------------------------------------------------------- 400
i. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
j. Govt. final consumption expenditure------------------------------------------------------------------------------- 210
[Ans. NI by expenditure method= Rs. 1,580crores]
Calculate value of output from the following data:
Items
(Rs. in lakhs)
a. Net value added at factor cost--------------------------------------------------------------------------------------- 100
b. Intermediate consumption--------------------------------------------------------------------------------------------- 75
c. Excise duty----------------------------------------------------------------------------------------------------------------- 20
d. Subsidy----------------------------------------------------------------------------------------------------------------------- 5
e. Depreciation---------------------------------------------------------------------------------------------------------------- 10
[Ans. Rs.200 lakhs]
Calculate intermediate consumption from the following data;
Items
(Rs. in lakhs)
a. Value of output ---------------------------------------------------------------------------------------------------------- 200

49

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.215

Q.216

Q.217

Q.218

Q.219

Q.220

b. Net value added at factor cost---------------------------------------------------------------------------------------- 80

c. Sales tax-------------------------------------------------------------------------------------------------------------------- 15
d. Subsidy----------------------------------------------------------------------------------------------------------------------- 5
e. Depreciation--------------------------------------------------------------------------------------------------------------- 20
[Ans. Rs. 90 lakhs]
Calculate sales from the following data:
Items
(Rs. in lakhs)
a. Net value added at factor cost--------------------------------------------------------------------------------------- 300
b. Intermediate consumption-------------------------------------------------------------------------------------------- 200
c. Indirect tax------------------------------------------------------------------------------------------------------------------20
d. Depreciation--------------------------------------------------------------------------------------------------------------- 30
e. Change in stocks----------------------------------------------------------------------------------------------------- (-) 50
[Ans. Rs. 600 lakhs]
Calculate net value added at factor cost from the following data:
Items
(Rs. in lakhs)
a. Depreciation----------------------------------------------------------------------------------------------------------------20
b. Intermediate cost----------------------------------------------------------------------------------------------------------90
c. Subsidy----------------------------------------------------------------------------------------------------------------------- 5
d. Sales----------------------------------------------------------------------------------------------------------------------- 140
e. Exports----------------------------------------------------------------------------------------------------------------------- 7
f. Change in stock------------------------------------------------------------------------------------------------------- (-) 10
g. Imports of raw materials------------------------------------------------------------- ------------------------------------3
[Ans. Rs. 25 lakhs]
Calculate Gross value added at market price from the following data:
Items
(Rs. in lakhs)
a. Depreciation------------------------------------------------------------- ---------------------------------------------------15
b. Sales in the domestic market-----------------------------------------------------------------------------------------250
c. Exports---------------------------------------------------------------------------------------------------------------------- 50
d. Opening stock------------------------------------------------------------- ------------------------------------------------20
e. Purchase of raw material------------------------------------------------------------- -------------------------------- 150
f. Closing stock------------------------------------------------------------- ------------------------------------------------- 30
g. Import of raw material------------------------------------------------------------- -------------------------------------- 25
[Ans. Rs. 160 lakhs]
Calculate gross value added at factor cost from the following data:
Items
(Rs. in lakhs)
a. Sales tax---------------------------------------------------------------------------------------------------------------------20
b. Sales----------------------------------------------------------------------------------------------------------- -------------400
c. Purchase of raw material------------------------------------------------------------- ---------------------------------250
d. Excise duty----------------------------------------------------------------------------------------------------------------- 30
e. Change in stocks------------------------------------------------------------- ---------------------------------------- (-) 40
f. Imports of raw material ------------------------------------------------------------------------------------------------- 12
g. Depreciation------------------------------------------------------------- --------------------------------------------------- 9
[Ans. Rs. 60 lakhs.]
Calculate value of output from the following data:
Items
(Rs. in lakhs)
a. Subsidy --------------------------------------------------------------------------------------------------------------------- 10
b. Intermediate consumption------------------------------------------------------------- ------------------------------- 150
c. Net addition to stocks------------------------------------------------------------------------------------------------ (-) 13
d. Depreciation------------------------------------------------------------- -------------------------------------------------- 30
e. Excise duty----------------------------------------------------------------------------------------------------------------- 20
f. Net value added at factor cost------------------------------------------------------------- ------------------------- 250
[Ans. Rs. 440 lakhs.]
Calculate sales from the following data:

50

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.221

Q.222

Q.223

Q.224

Q.225

Items
(Rs. in lakhs)
a. Net value added at factor cost ------------------------------------------------------------- -------------------------300
b. Net addition to stocks----------------------------------------------------------------------------------------------- (-) 20
c. Sales tax---------------------------------------------------------------------------------------------------------------------30
d. Depreciation-----------------------------------------------------------------------------------------------------------------10
e. Intermediate consumption---------------------------------------------------------------------------------------------100
f. Subsidy ------------------------------------------------------------- --------------------------------------------------------- 5
[Ans. Rs. 455 lakh]
Calculate net value added at factor cost from the following data:
Items
(Rs. in lakhs)
a. Purchases of raw material ------------------------------------------------------------------------------------------- 300
b. Import duty------------------------------------------------------------------------------------------------------- ---------- 20
c. Excise duty----------------------------------------------------------------------------------------------------------------- 30
d. Net addition to stocks--------------------------------------------------------------------------------------------------- 50
e. Value of output --------------------------------------------------------------------------------------------------------- 500
f. Depreciation--------------------------------------------------------------------------------------------------------------- 10
[Ans. Rs. 140 lakhs]
From the following information about firm X calculate net value added at factor cost:
Items
(Rs. in lakhs)
a. Purchase of raw material------------------------------------------------------------- -------------------------------- 500
b. Gross capital formation------------------------------------------------------------------------------------------------ 200
c. Subsidies------------------------------------------------------------- ------------------------------------------------------ 60
d. Opening stock------------------------------------------------------------- ------------------------------------------------ 50
e. Sales------------------------------------------------------------- ---------------------------------------------------------- 800
f. Net capital formation------------------------------------------------------------- -------------------------------------- 180
g. Closing stock------------------------------------------------------------- ------------------------------------------------- 40
[Ans. Rs. 330 lakhs]
From the following data calculate Net Value Added at Factor Cost:
Items
(Rs. in lakhs)
a. Sales ------------------------------------------------------------- --------------------------------------------------------- 500
b. Subsidies------------------------------------------------------------- -------------------------------------------------------30
c. Purchase of machine installed in the factory --------------------------------------------- ---------------------- 400
d. Purchase of raw material--------------------------------------------------------------------------------------------- 250
e. Change in stock------------------------------------------------------------------------------------------------------- (-) 20
f. Consumption of fixed capital------------------------------------------------------------- ----------------------------- 40
[Ans. Rs. 220 lakhs]
From the following data calculate Net Value Added at Factor Cost:
Items
(Rs. in lakhs)
a. Sales ------------------------------------------------------------- --------------------------------------------------------- 700
b. Change in stock------------------------------------------------------------- ----------------------------------------------50
c. Exports---------------------------------------------------------------------------------------------------------------------- 30
d. Consumption of fixed capital------------------------------------------------------------- ----------------------------- 40
e. Subsidies ------------------------------------------------------------- ----------------------------------------------------- 20
f. Purchase of raw material------------------------------------------------------------- -------------------------------- 400
[Ans. Rs. 360 lakhs]
Calculate Net Value Added at Factor Cost from the following data:
Items
(Rs. in lakhs)
a. Sales------------------------------------------------------------------------------------------------------------------------700
b. Purchase of machine for installation in the factory------------------------------------------------------------- 100
c. Subsidies------------------------------------------------------------- ------------------------------------------------------ 50
d. Change in stock------------------------------------------------------------------------------------------------------- (-) 30
e. Purchase of raw material --------------------------------------------------------------------------------------------- 400
f. Rent-------------------------------------------------------------------------------------------------------------------------- 60

51

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.226

Q.227

Q.228

Q.229

g. Consumption of fixed capital------------------------------------------------------------------------------------------- 20

[Ans. Rs. 300 lakhs.]
Calculate Net Value Added at Factor Cost from the following data:
Items
(Rs. in lakhs)
a. Sales ------------------------------------------------------------- ----------------------------------------------------------800
b. Purchase of raw material from domestic market--------------------------------------------------------------- 400
c. Import of raw material------------------------------------------------------------- -------------------------------------100
d. Subsidies------------------------------------------------------------- ------------------------------------------------------ 30
e. Consumption of fixed capital------------------------------------------------------------- ------------------------------40
f. Change in stock------------------------------------------------------------- --------------------------------------------- 50
g. Rent-------------------------------------------------------------------------------------------------------------------------- 70
[Ans. Rs. 340 lakhs]
Calculate Net Value Added at Factor Cost from the following data:
Items
(Rs. in lakhs)
a. Sales------------------------------------------------------------- ---------------------------------------------------------- 800
b. Purchase of machine for installation in the factory------------------------------------------------------------- 500
c. Purchase of raw material------------------------------------------------------------- -------------------------------- 450
d. Subsidies ------------------------------------------------------------- ----------------------------------------------------- 50
e. Consumption of fixed capital------------------------------------------------------------- ----------------------------- 60
f. Wages and salaries-----------------------------------------------------------------------------------------------------200
g. Change in stock----------------------------------------------------------------------------------------------------------- 40
[Ans. Rs. 380 lakhs.]
Calculate NI by (a) Income Method and (b) Expenditure Method:
Items
(Rs. in crores)
a. Private final consumption expenditure ---------------------------------------------------------------------------- 240
b. Mixed income of self-employed------------------------------------------------------------- ------------------------ 500
c. Gross domestic fixed capital formation------------------------------------------------------------- -------------- 600
d. Opening stock ------------------------------------------------------------- ----------------------------------------------- 40
e. Compensation of employees----------------------------------------------------------------------------------------- 400
f. Closing stock------------------------------------------------------------- --------------------------------------------------60
g. Government final consumption expenditure------------------------------------------------------------- -------- 150
h. Operating surplus------------------------------------------------------------------------------------------------------- 100
i. Consumption of fixed capital ------------------------------------------------------------- ---------------------------- 25
j. Net indirect taxes--------------------------------------------------------------------------------------------------------- 35
k. Net factor income from abroad---------------------------------------------------------------------------------------- 50
l. Exports ------------------------------------------------------------- ------------------------------------------------------ 100
m. Imports------------------------------------------------------------- --------------------------------------------------------- 50
[Ans. Rs. 1050crores.]
From the data, calculate (a) NI by income method and (b) NI by expenditure method:
Items
(Rs. in crores)
a. Govt. final expenditure------------------------------------------------------------- ----------------------------------- 790
b. Indirect taxes------------------------------------------------------------------------------------------------------------- 880
c. Gross fixed capital formation-------------------------------------------------------------------------------------- 1,330
d. Mixed income of the self-employed------------------------------------------------------------------------------ 2,930
e. Subsidies------------------------------------------------------------------------------------------------------------------ 110
f. Change in stock------------------------------------------------------------- -------------------------------------------- 320
g. Rent, interest and profit------------------------------------------------------------- ---------------------------------- 960
h. Consumption of fixed capital----------------------------------------------------------------------------------------- 410
i. Private final consumption expenditure-------------------------------------------------------------------------- 5,220
j. Import of goods and services---------------------------------------------------------------------------------------- 570
k. Export of goods and services---------------------------------------------------------------------------------------- 480
l. Net factor income from abroad------------------------------------------------------------------------------------ (-) 50
m. Compensation of employees--------------------------------------------------------------------------------------- 2500

52

Learning Economics becomes a childs play. Prasanta Saha Sir

[Ans. Rs. 6340crores.]

Q.230 Find the following data Calculate National Income through (a) Income Method and (b) Expenditure Method:
Items
(Rs. in crores)
a. Compensation of employees---------------------------------------------------------------------------------------5,200
b. Government consumption expenditure--------------------------------------------------------------------------1,500
c. Net indirect taxes------------------------------------------------------------------------------------------------------1,400
d. Operating surplus------------------------------------------------------------- ----------------------------------------2,000
e. Net exports ------------------------------------------------------------- ----------------------------------------------(-) 400
f. Gross fixed capital formation---------------------------------------------------------------------------------------2,500
g. Private final consumption expenditure ------------------------------------------------------------------------ 12,000
h. Net increase in stock ---------------------------------------------------------------------------------------------------400
i. Net factor income from abroad --------------------------------------------------------------------------------------400
j. Consumption of fixed capital ------------------------------------------------------------- -------------------------1,000
k. Mixed income of self-employed------------------------------------------------------------- ----------------------6,400
[Ans. Rs. 14000crores.]
Q.231 Calculate Gross National Product at Market Price by (a) Income Method and (b) Expenditure Method:
Items
(Rs. in crores)
a. Net exports----------------------------------------------------------------------------------------------------------------- 10
b. Rent-------------------------------------------------------------------------------------------------------------------------- 20
c. Private final consumption expenditure------------------------------------------------------------- --------------- 400
d. Interest------------------------------------------------------------- --------------------------------------------------------- 30
e. Dividends------------------------------------------------------------- ------------------------------------------------------ 45
f. Undistributed profits------------------------------------------------------------- -------------------------------------------5
g. Corporation tax-------------------------------------------------------------------------------------------------------------10
h. Government final consumption expenditure------------------------------------------------------------- ---------100
i. Net domestic capital formation---------------------------------------------------------------------------------------- 50
j. Compensation of employees------------------------------------------------------------- ----------------------------400
k. Consumption of fixed capital ------------------------------------------------------------- -----------------------------10
l. Net indirect taxes----------------------------------------------------------------------------------------------------------50
m. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
[Ans. Rs. 550 crores.]
Q.232 Calculate GDPMP and NNPFC by income and expenditure method
Items
(Rs. in crores)
a. Compensation of employees----------------------------------------------------------------------------------------7000
b. Govt. final consumption expenditure------------------------------------------------------------------------------1000
c. Indirect taxes--------------------------------------------------------------------------------------------------------------300
d. Mixed income of self employed------------------------------------------------------------------------------------950
e. Interest, rent and profit ---------------------------------------------------------------------------------------------- 5050
f. Subsidies-------------------------------------------------------------------------------------------------------------------100
g. Gross fixed capital formation -----------------------------------------------------------------------------------------600
h. Net factor capital formation------------------------------------------------------------ ------------------------------(-)50
i. Consumption of fixed capital------------------------------------------------------------- ----------------------------200
[Ans. GDP at MP = Rs. 13,400 crores, NNP at FC = Rs. 12,950crores]
Q.233 Calculate from the following data (a) Net national disposable income, (b) Private income and (c) personal
disposable income:
Items
(Rs. in crores)
a. National income----------------------------------------------------------------------------------------------------------800
b. Indirect taxes------------------------------------------------------------- --------------------------------------------------70
c. Subsidies------------------------------------------------------------- -------------------------------------------------------10
d. Saving of non-departmental enterprises------------------------------------------------------------- ---------------30
e. National debt interest-----------------------------------------------------------------------------------------------------50
f. Net factor income from abroad------------------------------------------------------------------------------------ (-) 20
g. Consumption of fixed capital ------------------------------------------------------------------------------------------ 40

53

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Q.234

Q.235

Q.236

Q.237

h. Current transfers from rest of the worlds------------------------------------------------------------- -------------- 45

i. Income from properly and entrepreneurship accruing to
Government administrative departments------------------------------------------------------------- -------------- 60
j. Direct taxes paid by households-------------------------------------------------------------------------------------- 40
k. Profits------------------------------------------------------------- --------------------------------------------------------- 100
l. Savings of private corporate sector net of retained earnings of foreign companies-------------------- 80
m. Current transfers from government administrative departments-------------------------------------- ------- 90
n. Corporation tax------------------------------------------------------------------------------------------------------------ 25
[Ans. (a) Rs. 905crores, (b) Rs. 895crores, (c) Rs. 750crores.]
From the following data, calculate (a) Personal Disposable Income and (b) National Income:
Items
(Rs. in crores)
a. Private income------------------------------------------------------------- ------------------------------------------ 4,000
b. Mixed income of self-employed----------------------------------------------------------------------------------- 1,200
c. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 50
d. Compensation of employees-------------------------------------------------------------------------------------- 1,300
e. Net retained earnings of private enterprises----------------------------------------------------------------------200
f. Profit----------------------------------------------------------------------------------------------------------------------- 800
g. Rent------------------------------------------------------------------------------------------------------------------------ 600
h. Corporation tax---------------------------------------------------------------------------------------------------------- 400
i. Interest------------------------------------------------------------- ------------------------------------------------------- 700
j. Net indirect taxes------------------------------------------------------------- ------------------------------------------ 500
k. Net exports------------------------------------------------------------- ---------------------------------------------- (-) 100
l. Direct taxes paid by the households------------------------------------------------------------------------------- 150
m. Consumption of fixed capital -----------------------------------------------------------------------------------------180
[Ans.(a)Rs. 3250 crores, (b) Rs. 4550crores.]
Calculate GVAFC:
Items
(Rs. in crores)
a. Consumption of fixed capital------------------------------------------------------------- ------------------------------- 5
b. Sales------------------------------------------------------------- ---------------------------------------------------------- 100
c. Subsidies--------------------------------------------------------------------------------------------------------------------- 2
d. Closing stock -------------------------------------------------------------------------------------------------------------- 10
e. Purchase of raw materials---------------------------------------------------------------------------------------------- 50
f. Opening stock-------------------------------------------------------------------------------------------------------------- 15
g. Indirect taxes------------------------------------------------------------- ------------------------------------------------- 10
[Ans. 37 lakhs.]
From the following data calculate: (a) Private Income and (b) Personal Disposable Income
Items
(Rs. in crores)
a. Income from domestic product accruing to the private sector ------------------------------------------ 4,000
b. Savings of non-departmental public enterprises---------------------------------------------------------------- 200
c. Current transfers from government administrative departments-------------------------------------------- 150
d. Savings of private corporate sector------------------------------------------------------------- ------------------- 400
e. Current transfers from rest of the world------------------------------------------------------------- ----------------50
f. Net factor income from abroad------------------------------------------------------------------------------------ (-) 40
g. Corporation tax------------------------------------------------------------------------------------------------------------ 60
h. Direct personal taxes------------------------------------------------------------- ------------------------------------- 140
[Ans. (a) Rs. 4160crores, (b) Rs. 3560 crores.]
Calculate (a) Private Income and (b) Personal Disposable Income from the following data:
Items
(Rs. in crores)
a. Savings of private corporate sector------------------------------------------------------------- --------------------500
b. Current transfers from rest of the world ------------------------------------------------------------- ---------------60
c. Corporation tax------------------------------------------------------------- ---------------------------------------------- 80
d. Current transfers from government administrative departments------------------------------------------- 170
e. Direct personal taxes------------------------------------------------------------- ------------------------------------- 150

54

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Q.238

Q.239

Q.240

Q.241

Q.242

Q.243

f. Income from domestic product accruing to private sector------------------------------------------------- 4,500

g. Savings of non-departmental public enterprises---------------------------------------------------------------- 250
h. Net factor income from abroad------------------------------------------------------------------------------------- (-)30
i. Net exports-------------------------------------------------------------------------------------------------------------- (-)50
[Ans. (a) Rs. 4700 crores; (b) Rs. 3970crores.]
Calculate Personal Disposable Income from the following data:
Items
(Rs. in crores)
a. Net current transfers from rest of the world ------------------------------------------------------------------------ 3
b. Private income ---------------------------------------------------------------------------------------------------------- 200
c. Personal taxes------------------------------------------------------------- ----------------------------------------------- 30
d. National debt interest------------------------------------------------------------- ---------------------------------------- 5
e. Corporate profit tax------------------------------------------------------------- ----------------------------------------- 20
f. Undistributed profits------------------------------------------------------------- -----------------------------------------10
[Ans. 140 crores.]
Calculate (a) PDI (b) Personal Income, (c) Private Income the following data:
Items
(Rs. in crores)
a. Direct tax paid by the households-------------------------------------------------------------------------------- 6,500
b. Corporation tax-------------------------------------------------------------------------------------------------------- 1,500
c. Household final consumption expenditure-------------------------------------------------------------------- 24,500
d. Interest on national debt-------------------------------------------------------------------------------------------- 2,000
e. Saving of private corporate sector------------------------------------------------------------- ------------------ 3,500
f. Household savings--------------------------------------------------------------------------------------------------- 7,500
[Ans. (a) Rs. 32000 crores, (b) Rs. 38500crores,. (c) Rs. 43500 crores]
Calculate Private Income from the following data:
Items
(Rs. in crores)
a. National debt interest---------------------------------------------------------------------------------------------------- 30
b. Gross national product at market price------------------------------------------------------------- ---------------400
c. Current transfers from government------------------------------------------------------------- -------------------- 20
d. Net indirect taxes--------------------------------------------------------------------------------------------------------- 40
e. Net current transfers from the rest of the world---------------------------------------------------------------- (-)10
f. Net domestic product at factor cost accruing to government------------------------------------------------- 50
g. Consumption of fixed capital------------------------------------------------------------- ----------------------------- 70
[Ans. Rs. 280crores]
Calculate Personal Income from the following:
Items
(Rs. in crores)
a. Undistributed profit of corporations------------------------------------------------------------- ----------------------20
b. Net domestic product accruing to the private sector----------------------------------------------------------- 500
c. Corporation tax------------------------------------------------------------- ---------------------------------------------- 55
d. Net factor income from abroad------------------------------------------------------------------------------------- (-)10
e. Net current transfers from government------------------------------------------------------------- -----------------15
f. Net debt interest------------------------------------------------------------- --------------------------------------------- 40
g. Net current transfers from the rest of the world--------------------------------------------------------------------15
[Ans. Rs. 495 crores]
Calculate Net National Disposable Income from the following data :
Items
(Rs. in crores)
a. Net domestic product at factor cost------------------------------------------------------------- ------------------- 500
b. Net indirect tax------------------------------------------------------------- ----------------------------------------------- 50
c. Net factor income from abroad ------------------------------------------------------------------------------------ (-)20
d. Net exports-------------------------------------------------------------------------------------------------------------- (-)30
e. Net current transfers from rest of the world ----------------------------------------------------------------------- 40
[Ans. Rs. 570 crores.]
Calculate Gross Value Added at Factor Cost from the following stock data:
Items
(Rs. in lakhs)

55

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.244

Q.245

Q.246

Q.247

Q.248

a. Sales------------------------------------------------------------- ---------------------------------------------------------- 700

b. Change in stock------------------------------------------------------------------------------------------------------- (-) 30
c. Subsidies------------------------------------------------------------- ------------------------------------------------------ 40
d. Consumption of fixed capital------------------------------------------------------------- ----------------------------- 70
e. Purchases of intermediate products------------------------------------------------------------- ------------------ 350
f. Interest------------------------------------------------------------- --------------------------------------------------------- 60
[Ans. GVA at MP = Rs. 360 lakhs]
Calculate Net National Disposable Income from the following data
Items
(Rs. in crores)
a. Net current transfers from the rest of the world -------------------------------------------------------------------20
b. Net domestic product at factor cost------------------------------------------------------------- ------------------- 800
c. Net indirect taxes--------------------------------------------------------------------------------------------------------- 70
d. Net domestic capital formation ------------------------------------------------------------- -------------------------- 60
e. Net factor income from abroad ------------------------------------------------------------------------------------ (-)10
[Ans. Rs. 880 crores.]
Calculate Net National Product at Market Price from the following data:
Items
(Rs. in crores)
a. Income from domestic product accruing to private sector------------------------------------------------ 20,000
b. Interest on national debt------------------------------------------------------------- --------------------------------- 125
c. Net factor income earned from abroad ------------------------------------------------------------------------ (-)350
d. Government final consumption expenditure------------------------------------------------------------------- 5,000
e. Consumption of fixed capital----------------------------------------------------------------------------------------- 200
f. Net indirect taxes------------------------------------------------------------- ------------------------------------------ 100
g. Net export of goods and services------------------------------------------------------------- ------------------ (-)200
h. Net value added in stock ------------------------------------------------------------- --------------------------------150
i. Fixed capital formation------------------------------------------------------------- ------------------------------------250
[Ans. Rs. 4650crores.]
Calculate (a) Net Domestic Product at Market Price, and (b) Net National Product at Factor Cost from the following
data:
Items
(Rs. in crores)
a. Subsidies------------------------------------------------------------- ------------------------------------------------------ 25
b. Depreciation------------------------------------------------------------- -------------------------------------------------- 50
c. Net exports-------------------------------------------------------------------------------------------------------------- (-) 15
d. Net change in stocks------------------------------------------------------------- --------------------------------------- 20
e. Indirect taxes------------------------------------------------------------- ------------------------------------------------- 60
f. Net factor income from abroad--------------------------------------------------------------- ------------------------(-)5
g. Private final consumption expenditure------------------------------------------------------------- --------------- 300
h. Government final consumption expenditure------------------------------------------------------------- ----------60
i. Gross domestic capital formation----------------------------------------------------------------------------------- 125
[Ans. (a) Rs. 420crores, (b) Rs. 380crores.]
Calculate Net Domestic Product at Factor Cost from the following data:
Items
(Rs. in crores)
a. Value of output------------------------------------------------------------- --------------------------------------------- 500
b. Consumption of fixed capital------------------------------------------------------------- ----------------------------- 20
c. Value of intermediate consumption------------------------------------------------------------- --------------------200
d. Net indirect taxes------------------------------------------------------------- ------------------------------------------- 20
[Ans. Rs. 260crores]
Calculate National Income from the following data:
Items
(Rs. in crores)
a. Operating surplus -------------------------------------------------------------------------------------------------------200
b. Wages and salaries-----------------------------------------------------------------------------------------------------700
c. Net factor income from abroad------------------------------------------------------------------------------------ (-) 10
d. Contribution to social security schemes by employees------------------------------------------------------- 100

56

Learning Economics becomes a childs play. Prasanta Saha Sir

Q.249

Q.250

Q.251

Q.252

e. Rent and royalty------------------------------------------------------------- --------------------------------------------- 50

[Ans. Rs. 890 crores.]
Determine the value of National Income from the following data:
Items
(Rs. in crores)
a. Value of sales------------------------------------------------------------- ------------------------------------------ 21,000
b. Changes in stocks--------------------------------------------------------------------------------------------------- 9,000
c. Depreciation------------------------------------------------------------- --------------------------------------------- 2,000
d. Wages------------------------------------------------------------------------------------------------------------------- 7,000
e. Compensation of employees in kind------------------------------------------------------------- ----------------3,000
f. Profits-------------------------------------------------------------------------------------------------------------------- 3,000
g. Interest------------------------------------------------------------------------------------------------------------------ 1,000
h. Rent---------------------------------------------------------------------------------------------------------------------- 1,000
[Ans. Rs. 15000crores.]
Calculate National Income by income and expenditure methods.
Items
(Rs. in crores)
a. Compensation of employees------------------------------------------------------------------------------------------250
b. Imports----------------------------------------------------------------------------------------------------------------- ------20
c. Mixed income------------------------------------------------------------------------ --------------------------------------50
d. Gross fixed capital formation----------------------------------------------------------------------------------------- 120
e. Private final consumption expenditure ------------------------------------------------------------ ----------------550
f. Consumption of fixed capital------------------------------------------------------------- ------------------------------10
g. Net factor income from abroad --------------------------------------------------------------------------------------- 20
h. Indirect taxes--------------------------------------------------------------------------------------------------------------100
i. Change in stocks ------------------------------------------------------------- --------------------------------------------20
j. Subsidies ------------------------------------------------------------- ------------------------------------------------------20
k. Operating surplus--------------------------------------------------------------------------------------------------------350
l. Exports ----------------------------------------------------------------------------------------------------------------------10
m. Government final consumption expenditure -----------------------------------------------------------------------60
[Ans. Rs. 670crores.]
Estimate National Income from the following data:
Items
(Rs. in crores)
a. Opening stock--------------------------------------------------------------------------------------------------------------50
b. Closing stock------------------------------------------------------------- --------------------------------------------------60
c. Consumption of fixed capital------------------------------------------------------------- ------------------------------10
d. Private final consumption expenditure -----------------------------------------------------------------------------500
e. Net exports---------------------------------------------------------------------------------------------------------------- (-)5
f. Net factor income from abroad------------------------------------------------------------------------------------- (-)10
g. Compensation of employees paid by general government----------------------------------------------------100
h. Direct purchases of non-durable goods from abroad by general government--------------------------- 10
i. Net purchase of goods and services by general govt. in domestic market-------------------------------100
j. Net capital formation------------------------------------------------------------- ----------------------------------------60
k. Net indirect taxes----------------------------------------------------------------------------------------------------------50
[Ans. Rs. 605 crores.]
Calculate National Income by Income Method:
Items
(Rs. in crores)
a. Salaries and wages --------------------------------------------------------------------------------------------------1,997
b. Transfer payment by govt. ------------------------------------------------------------- --------------------------------25
c. Rent ----------------------------------------------------------------------------------------------------------------- -------132
d. Indirect tax-----------------------------------------------------------------------------------------------------------------200
e. Subsidies------------------------------------------------------------- ------------------------------------------------------ 89
f. Compensation of workers in kind ------------------------------------------------------------------------------------ 95
g. Depreciation------------------------------------------------------------- -------------------------------------------------- 81
h. Net income increase in assets abroad ------------------------------------------------------------- ---------------- 52

57

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Q.253

Q.254

Q.255

Q.256

i. Interest------------------------------------------------------------- --------------------------------------------------------- 92
j. Gross expenditure on goods and services------------------------------------------------------------------------574
k. Personal expend. On consumer goods and services-------------------------------------------------- ----- 1,805
l. Corporate profit tax------------------------------------------------------------------------------------------------------- 10
m. Income of the self-employed----------------------------------------------------------------------------------------- 264
n. Undistributed corporate profit------------------------------------------------------------- --------------------------- 26
o. Dividends------------------------------------------------------------------------------------------------------------------ 201
p. Social security contribution by employers------------------------------------------------------------- ------------ 54
q. Gross investment------------------------------------------------------------- -------------------------------------------107
[Ans. Rs. 2923crores.]
Calculate (i) GNP at market price and (ii) NNP at factor cost; using expenditure method:
Items
(Rs. in crores)
a. Private consumption expenditure ------------------------------------------------------------- -------------------1,000
b. Private fixed investment (gross) ------------------------------------------------------------- ---------------------- 500
c. Change in inventories------------------------------------------------------------- ------------------------------------ 400
d. Govt. consumption expenditure------------------------------------------------------------------------------------- 300
e. Govt. fixed investment ------------------------------------------------------------- ----------------------------------- 200
f. Consumption of pvt.fixed capital ------------------------------------------------------------- ---------------------- 100
g. Consumption of govt. fixed capital (gross) ------------------------------------------------------------- ---------- 50
h. Indirect taxes------------------------------------------------------------------------------------------------------------ 200
i. Economic subsidy--------------------------------------------------------------- ----------------------------------------150
j. Net exports------------------------------------------------------------- -------------------------------------------------- 100
k. Net factor income from abroad------------------------------------------------------------------------------------ (-) 50
[Ans. (a) Rs. 2450crores; (b) Rs. 2250crores.]
Calculate Gross National Product at Market Price and Net National Disposable Income from the following data:
Items
(Rs. in crores)
a. Net current transfers to abroad---------------------------------------------------------------- --------------------(-) 10
b. Consumption of fixed capital------------------------------------------------------------- ---------------------------- 40
c. Profit------------------------------------------------------------- ------------------------------------------------------------ 60
d. Rent-------------------------------------------------------------------------------------------------------------------------- 50
e. Indirect tax------------------------------------------------------------------------------------------------------------------ 20
f. Interest-----------------------------------------------------------------------------------------------------------------------40
g. Compensation of employees------------------------------------------------------------- --------------------------- 650
h. Subsidy------------------------------------------------------------- ---------------------------------------------------------- 5
i. Net factor income from abroad ----------------------------------------------------------------------------------- (-) 25
[Ans. GNP at MP = Rs. 830crores., NNDI = Rs. 800 crores.]
From the following data calculate (i) Net Domestic Product at Factor Cost and (ii) Gross National Disposable
Income:
Items
(Rs. in crores)
a. Net current transfers to the rest of the world ------------------------------------------------------------------ (-)60
b. Net factor income from abroad------------------------------------------------------------- ----------------------- (-)40
c. Government final consumption expenditure-------------------------------------------------------------------- 2000
d. Private final consumption expenditure -------------------------------------------------------------------------- 6000
e. Net domestic fixed capital formation------------------------------------------------------------------------------- 800
f. Gross domestic capital formation----------------------------------------------------------------------------------- 950
g. Change in stock ---------------------------------------------------------------------------------------------------------- 50
h. Net exports------------------------------------------------------------------------------------------------------------- (-)50
i. Profits--------------------------------------------------------------------------------------------------------------------- 1000
j. Net indirect tax------------------------------------------------------------- --------------------------------------------- 700
[Ans. (a) Rs. 8150 crores; (b) Rs. 8920crores]
Calculate (i) NI by income method, (ii) NI by expenditure method.
Items
(Rs. in crores)
a. Wages and salaries ------------------------------------------------------------------------------------------------- 3,065

58

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b. Interest------------------------------------------------------------- --------------------------------------------------------700
c. Compensation of employees in kind -------------------------------------------------------------------------------- 65
d. Rent------------------------------------------------------------- ----------------------------------------------------------- 400
e. Undistributed profits---------------------------------------------------------------------------------------------------- 110
f. Dividends------------------------------------------------------------- ---------------------------------------------------- 240
g. Net income from abroad------------------------------------------------------------- --------------------------------- 110
h. Social security contribution of employees------------------------------------------------------------- ------------ 60
i. Direct taxes of firms------------------------------------------------------------- --------------------------------------- 150
j. Private consumption------------------------------------------------------------------------------------------------- 2,000
k. Public consumption--------------------------------------------------------------------------------------------------1, 200
l. Gross domestic investment---------------------------------------------------------------------------------------- 1,500
m. Net investment abroad ------------------------------------------------------------- ---------------------------------- 270
n. Net indirect taxes------------------------------------------------------------- ----------------------------------------- 100
o. Depreciation------------------------------------------------------------- -------------------------------------------------- 80
p. Transfer payment--------------------------------------------------------------------------------------------------------130
q. Direct personal taxes---------------------------------------------------------------------------------------------------- 75
[Ans. Rs. 4900 crores, NNP FC = 4750.]
Q.257 Calculate NNPFC by expenditure method:
Items
(Rs. in crores)
a. Expenditure by households------------------------------------------------------------- ------------------------------400
b. Expenditure by govt. ------------------------------------------------------------- --------------------------------------100
c. Gross domestic capital formation------------------------------------------------------------------------------------110
d. Change in stocks------------------------------------------------------------- ---------------------------------------- (-) 10
e. Depreciation------------------------------------------------------------- -------------------------------------------------- 40
f. Net indirect taxes--------------------------------------------------------------------------------------------------------- 10
g. Exports------------------------------------------------------------- --------------------------------------------------------160
h. Imports----------------------------------------------------------------------------------------------------------------------110
i. Net factor income from abroad---------------------------------------------------------------------------------------- nil
[Ans. Rs. 600 crores.]
Q.258 Calculate Net Domestic Product at Factor Cost and Gross National Disposable Income from the following data:
Items
(Rs. in crores)
a. Net current transfers from abroad ---------------------------------------------------------------------------------- (-)5
b. Private final consumption expenditure----------------------------------------------------------------------------- 250
c. Net factor income from abroad---------------------------------------------------------------------------------------- 15
d. Govt. final consumption expenditure--------------------------------------------------------------------------------- 50
e. Consumption of fixed capital------------------------------------------------------------- ------------------------------25
f. Net exports-------------------------------------------------------------------------------------------------------------- (-)10
g. Subsidies------------------------------------------------------------- -------------------------------------------------------10
h. Net domestic capital formation---------------------------------------------------------------------------------------- 30
i. Indirect tax-------------------------------------------------------------- --------------------------------------------------- 20
[Ans. (a) Rs. 310crores; (b) Rs. 355crores]
Q.259 Calculate Gross National Product at Market Price and Net National Disposable Income from the following data:
Items
(Rs. in crores)
a. Net current transfers to abroad-------------------------------------------------------------------------------------- (-)5
b. Profit------------------------------------------------------------------------------------------------------------------------ 70
c. Consumption of fixed capital------------------------------------------------------------- ----------------------------- 30
d. Rent ------------------------------------------------------------------------------------------------------------------------- 40
e. Indirect tax------------------------------------------------------------------------------------------------------------------ 20
f. Interest--------------------------------------------------------------------------------------------------------------------- 100
g. Royalty------------------------------------------------------------- --------------------------------------------------------- 10
h. Compensation of employees------------------------------------------------------------------------------------------600
i. Subsidy------------------------------------------------------------- -------------------------------------------------------- 5
j. Net factor income from abroad--------------------------------------------------------------------------------------(-)25

59

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[Ans. (a) Rs. 810crores; (b) Rs. 785crores.]

Q.260 Calculate Private Income and Personal Income from the following data:
Items
(Rs. in crores)
a. Net domestic product accruing to the private sector --------------------------------------------------------- 550
b. Net current transfers from government------------------------------------------------------------- ---------------- 20
c. Undistributed profits of corporations--------------------------------------------------------------------------------- 20
d. Corporation tax------------------------------------------------------------------------------------------------------------ 65
e. National debt interest---------------------------------------------------------------------------------------------------- 30
f. Net factor income from abroad------------------------------------------------------------------------------------- (-) 10
g. Net current transfer from the rest of the world----------------------------------------------------------------------25
[Ans. private income = Rs. 615 crores, personal income = Rs. 530 crores.]
Q.261 Calculate National Income and Net National Disposable Income from the following data:
Items
(Rs. in crores)
a. Net current transfers to abroad ------------------------------------------------------------- --------------------------15
b. Net exports-------------------------------------------------------------------------------------------------------------- (-)20
c. Private final consumption expenditure---------------------------------------------------------------------------- 400
d. Net factor income to abroad ------------------------------------------------------------- ------------------------------10
e. Government final consumption expenditure---------------------------------------------------------------------- 100
f. Indirect tax------------------------------------------------------------- ---------------------------------------------------- 30
g. Net domestic capital formation---------------------------------------------------------------------------------------- 50
h. Change in stocks------------------------------------------------------------- --------------------------------------------- 7
i. Subsidy------------------------------------------------------------------------------------------------------------------------ 5
[Ans. (a) Rs. 515crores; (b) Rs. 525crores]
Q.262 Calculate National Income and Private Income from the following data:
Items
(Rs. in crores)
a. Net current transfers to rest of the world ----------------------------------------------------------------------------10
b. Private final consumption expenditure----------------------------------------------------------------------------- 600
c. National debt interest---------------------------------------------------------------------------------------------------- 15
d. Net exports-------------------------------------------------------------------------------------------------------------- (-)20
e. Current transfers from government------------------------------------------------------------------------------------ 5
f. Net domestic product at factor cost accruing to government-------------------------------------------------- 25
g. Govt. final consumption expenditure------------------------------------------------------------------------------- 100
h. Net indirect tax------------------------------------------------------------- ----------------------------------------------- 30
i. Net domestic capital formation---------------------------------------------------------------------------------------- 70
j. Net factor income from abroad --------------------------------------------------------------------------------------- 10
[Ans. (a) Rs. 730crors, (b) Rs. 55 crores]
Q.263 Calculate Gross National Product at Market Price and Personal Income from the following data:
Items
(Rs. in crores)
a. Corporation tax-------------------------------------------------------------------------------------------------------------35
b. Wages and salaries------------------------------------------------------------- --------------------------------------- 200
c. National debt interest ------------------------------------------------------------- -------------------------------------- 25
d. Operating surplus------------------------------------------------------------------------------------------------------- 400
e. Net current transfers from abroad ------------------------------------------------------------- --------------------- 15
f. Net factor income from abroad ------------------------------------------------------------------------------------ (-)10
g. Consumption of fixed capital------------------------------------------------------------- ----------------------------- 20
h. Social security contribution by employees------------------------------------------------------------- ------------ 30
i. Net indirect tax------------------------------------------------------------- ----------------------------------------------- 40
j. Net domestic product at factor cost accruing to the private sector------------------------------------------500
k. Current transfers from government----------------------------------------------------------------------------------- 5
[Ans. (a) Rs. 680crores, (b) Rs. 500crores]
Q.264 From the following data relating to a firm, calculate its net value added at factor cost:
a. Subsidy ------------------------------------------------------------- --------------------------------------------------------40
b. Sales------------------------------------------------------------------------------------------------------------------------800

60

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c. Depreciation------------------------------------------------------------- ---------------------------------------------------30
d. Exports------------------------------------------------------------- --------------------------------------------------------100
e. Closing stock------------------------------------------------------------- --------------------------------------------------20
f. Opening stock--------------------------------------------------------------------------------------------------------------50
g. Intermediate purchases------------------------------------------------------------------------------------------------500
[Ans. Rs. 280 lakhs]
Q.265 Calculate Net National Product at Market Price and Private Income from the following data:
Items
(Rs. in crores)
a. Net factor income from abroad------------------------------------------------------------ ---------------------------(-)5
b. Private final consumption expenditure------------------------------------------------------------- ----------------100
c. Personal tax---------------------------------------------------------------------------------------------------------------- 20
d. Gross national disposable income------------------------------------------------------------- -------------------- 170
e. Govt. final consumption expenditure ------------------------------------------------------------- -------------------20
f. Corporation tax------------------------------------------------------------------------------------------------------------ 15
g. Gross domestic capital formation------------------------------------------------------------------------------------- 30
h. Personal disposable income--------------------------------------------------------------------------------------------70
i. Net exports---------------------------------------------------------------------------------------------------------------(-)10
j.
Savings of private corporate sector------------------------------------------------------------------------------------5
k. Net national disposable income--------------------------------------------------------------------------------------145
[Ans. (a) Rs. 110crores, (b) Rs. 90crores]
Q.266 Calculate National Income and Gross National Disposable Income from the following data:
Items
(Rs. in crores)
a. Net indirect tax---------------------------------------------------------------------------------------------------------------5
b. Net domestic fixed capital formation--------------------------------------------------------------------------------100
c. Net imports-------------------------------------------------------------------------------------------------------------- (-)20
d. Govt. final consumption expenditure------------------------------------------------------------- -----------------200
e. Net current transfers from abroad-------------------------------------------------------------------------------------15
f. Private final consumption expenditure------------------------------------------------------------- --------------- 600
g. Change in stocks------------------------------------------------------------- ---------------------------------------------10
h. Net factors income from abroad-----------------------------------------------------------------------------------------5
i. Gross domestic fixed capital formation---------------------------------------------------------------------------- 125
[Ans. (a) Rs. 930crores; (b) Rs. 975crores.]
Q.267 Calculate net domestic product at factor cost and net national disposable income from the following data:
Items
(Rs. in crores)
a. Net indirect tax-------------------------------------------------------------------------------------------------------------60
b. Wages and salaries------------------------------------------------------------- --------------------------------------- 600
c. Net current transfers from abroad--------------------------------------------------------------------------------- (-)10
d. Rent-------------------------------------------------------------------------------------------------------------------------- 50
e. Interest--------------------------------------------------------------------------------------------------------------------- 200
f. Profit------------------------------------------------------------- -----------------------------------------------------------150
g. Net factor income from abroad------------------------------------------------------------------------------------- (-)20
h. Royalty------------------------------------------------------------- --------------------------------------------------------- 40
i. Social security contributions by employers------------------------------------------------------------------------100
[Ans. Rs. 1100 crores, (b) Rs. 1130crores.]

Q.268 Calculate national income and private income from the following data:
Items
(Rs. in crores)
a. Current transfer by government ------------------------------------------------------------- -------------------------25
b. Net domestic product at factor cost accruing to the government-------------------------------------- -------90
c. Govt. final consumption expenditure------------------------------------------------------------------------------- 200
d. Net exports-------------------------------------------------------------------------------------------------------------- (-)50
e. National debt interest-----------------------------------------------------------------------------------------------------60

61

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f. Net domestic capital formation------------------------------------------------------------- ------------------------- 100

g. Consumption of fixed capital------------------------------------------------------------------- ----------------------- 30
h. Net factor income paid to abroad------------------------------------------------------------- ------------------------20
i. Private final consumption expenditure----------------------------------------------------------------------------- 600
j. Net indirect tax------------------------------------------------------------- ----------------------------------------------- 40
k. Net current transfers from abroad----------------------------------------------------------------------------- ----(-)10
[Ans. (a) Rs. 790crores; (b) Rs. 775crores]
Q.269 From the following data calculate (i) Gross National Product at Factor Cost and (ii) Net National Disposable
Income:
Items
(Rs. in crores)
a. Net indirect tax----------------------------------------------------------------------------------------------------------- 800
b. Net domestic fixed capital formation------------------------------------------------------------------------------- 500
c. Consumption of fixed capital----------------------------------------------------------------------------------------- 100
d. Private final consumption expenditure--------------------------------------------------------------------------- 5000
e. Govt. final consumption expenditure----------------------------------------------------------------------------- 2000
f. Net factor income to abroad------------------------------------------------------------------------------------------- 50
g. Net exports----------------------------------------------------- -------------------------------------------------------- (-)50
h. Change in stock-------------------------------------------------------------------------------------------------------- (-)30
i. Current transfers from rest of the world----------------------------------------------------------------------------- 70
j. Compensation of employees--------------------------------------------------------------------------------------- 2500
k. Current transfers to Rest of the world------------------------------------------------------------------------------- 40
[Ans. (a) Rs. 6570crores; (b) Rs. 7300crores.]
Q.270 From the following data calculate (i) Net National Product at Factor Cost and (ii) Gross National Disposable Income:
Items
(Rs. in crores)
a. Gross domestic capital formation----------------------------------------------------------------------------------- 210
b. Change in stock------------------------------------------------------------------------------------------------------- (-)30
c. Private final consumption expenditure--------------------------------------------------------------------------- 3000
d. Government final consumption expenditure-------------------------------------------------------------------- 1000
e. Net exports------------------------------------------------------------------------------------------------------------- (-)20
f. Net factor income from abroad------------------------------------------------------------------------------------- (-)10
g. Net domestic fixed capital formation------------------------------------------------------------------------------- 200
h. Net current transfers from rest of the world------------------------------------------------------------------------ 30
i. Interest on public debt--------------------------------------------------------------------------------------------------- 15
j. Personal tax---------------------------------------------------------------------------------------------------------------- 25
k. Net indirect tax----------------------------------------------------------------------------------------------------------- 170
l. Undistributed profits---------------------------------------------------------------------------------------------------- 250
[Ans. (a) Rs. 3970crores, (b) Rs. 4210crores]

62

Learning Economics becomes a childs play. Prasanta Saha Sir