Value Added Method

Q.

'Income of the family' is an example of which variable?

1. Flow

2. Both stock and flow

3. Neither stock nor flow

4. Stock

Q.

Which of the following categories does public debt belong to?

1. Flow variable

2. Constant

3. None of the above

4. Stock variable

Q.

How many methods do we have in order to calculate national income?

1. 2

2. 3

3. 4

4. 5

Q.

Which of the following is a flow variable ?

1. Consumption

2. Quantity of money

3. None of these

4. Wealth

Q.

Which of the following is not a flow variable?

1. Leakage of water from the overhead tank

2. Supply of money in a country

3. Income

4. Capital formation

Q.

A quantity measured per unit of time period is known as :

1. Stock variable

2. Flow variable

3. Inventory

4. None of these

Q.

Which of the following is a stock variable ?

1. Interest on capital

2. Expenditure of money

3. None of these

4. Distance between Delhi and Manali

Q.

The opposite to a stock variable is called:

1. Flow variable

2. Spin variable

3. Rolling variable

4. Inventory variable

Q.

In the value added method, we subtract the intermediate consumption from total value to avoid the problem of:

1. Indirect tax miscalculation

2. Including factor cost

3. Exclusion of incomes from abroad

4. Double counting

Q.

Which of the following identities holds true?

1. Income = Expenditure + Production

2. Income - Expenditure = Production

3. Income = Expenditure = Production

4. Income + Expenditure = Production