Which of the following constitute the reason for difference between Market Prices and Factor Cost?
Ans – (c) Explanation:- Market Price = Factor Cost + Indirect taxes – Subsidies
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Which one of the following is not an example of final goods?
Ans – (d) Chalk, dusters purchased by school is an intermediate goods Fetilizers used by the farmers is an intermediate goods What used by the flour mill is an intermediate goods
Which one of the following is an intermediate product?
Ans – (c) Wheat used by a flour mill is used to make flour which is the final product. Thus it is the intermediate product.
Which of the following are covered under the domestic territory of India?
Ans –Â (b) Google office in India is under the domestic territory of India.
Match the statements given under A with the correct options given under B
Ans: (i) – c (ii) – e (iii) – b (iv) – a (v) – d
Match the statements given under A with the correct options given under B
Ans: (i) – b. (ii) – d. (iii) – a. (iv) – f. (v) – c (vi) – e.
Match the statements given under A with the correct options given under B
Ans: (i) – a. (ii) – b. Consumption Goods – Durable Goods Capital Goods – Producer Goods
Match the statements given under A with the Correct options given under B
Ans: (i) – a (i) Intermediate Product – (a) Paper purchased by a publisher
From the set of statements given in Column I and Column II, choose the correct pair of statements:
Ans – (d) (d) Depreciation – (iv) Consumption of Fixed Capital
From the set of statements given in Column I and Column II, Choose the correct pair of statements:
Ans – (b) Capital Goods – (ii) Goods which help in production of other goods.