In agricultural sector net value added is estimated by _________.

income method

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production method

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both (A) & (B)

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survey method

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Solution

The correct option is B production method
In agricultural sector net value added is estimated by production method. Net value added is calculated by adding up all outputs and subtracting all intermediate inputs, in agricultural sector. This method of calculation of net value added is known as production method.

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Similar questions

Q. In India, a tax on agricultural income can be levied by _______.

Q. Assertion (A): The contribution of the agricultural sector to the national income is maximum.

Reason (R): About 58% of the Indian population depends on agriculture for their livelihood.

(a) From the following data compute net value added at factor cost:

$\begin{matrix} Items & Domestic sales & Subsidies & Purchase of raw material & Exports & Depreciation & Import of & Net in domestic market & indirect taxes In Crores & 2500 & 40 & 500 & 200 & 100 & 600 & 60 \end{matrix}$

(b) Intermediate goods and corporate tax are included in national income indirectly. How ?

Calculate $G N P_{m p}$

(a) By Income Method

(b) Expenditure Method

$\begin{matrix} (a) & Rent & 40 (b) & Private Final Consumption Expenditure & 800 (c) & Net Exports & 20 (d) & Interest & 60 (e) & Profit & 120 (f) & Government Final Consumption Expenditure & 200 (g) & Net Domestic Capital Formation & 100 (h) & Compensation of Employees & 800 (i) & Depreciation & 20 (j) & Net Indirect Taxes & 100 (k) & Net Factors Income From Abroad & (-) 20 \end{matrix}$

Which of the following is not a crisis faced by the agricultural sector?

A provision for ______ is the estimated amount that a business or individual taxpayer expects to pay in income taxes for the current year.

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