Macro

National Income

Medium

To get GVA at basic prices, one among the following will be added to GVA_FC. Choose the correct option from below :

NFIA

Net Production Taxes

Depreciation

Subsidies

✅ Correct Option: 2

GVA at basic prices = GVA at factor cost + Net Production Taxes (Production Taxes minus Production Subsidies).

To move from factor cost to basic prices, we add net production taxes. NFIA is added to move from domestic to national concept, while depreciation is added to move from net to gross.

2026: 31 May Shift 1

Which one of the following index measures the basket of commodities purchased by the consumer?

2023: 20 June Shift 1

Final goods are those goods.

2026: 31 May Shift 1

	Firm-A	Firm-B
Intermediate consumption	10	20
Sales	50	75
Value added	?	?

From the above table, find the value added figure by Firm-B and Firm-A respectively.

2026: 13 May Shift 2

When Indians buy foreign goods, this spending escapes as a __________ from the circular flow of income decreasing aggregate demand.

2022: 10 Aug Shift 2

Which of the following is considered as an intermediate good ?

2026: 21 May Shift 2

Determine the GDP in the phase of distribution when firm X gives Rs.120 to the workers as wages, and keeps the 50 as its profits. Similarly, firm Y gives 250 as wages and keeps 70 as profits.

To get GVA at basic prices, one among the following will be added to GVA_FC. Choose the correct option from below :

Solution

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CUET Economics Past Year Questions (Topic-Wise)