It is defined as output valued at basic prices less intermediate consumption valued at purchasers’ prices.

GVA at basic price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

GVA at producers price

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

GVA at market prices

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B GVA at producers price
 Subsidies on products is a sub-item within subsidies. Subsidies on products are subsidies paid per unit of a good or service produced or imported.

The subsidy may be a specific amount of money per unit of quantity of a good or service, or it may be calculated ad valorem as a specified percentage of the price per unit.

Subsidy on production is independent of the volume of goods or services produced.

Suggest Corrections

Similar questions

Calculate intermediate consumption from the following data:

$\begin{matrix} Value of output & 400 Net value added at factor cost & 160 Depreciation & 40 Subsidy & 10 Sales tax & 30 \end{matrix}$

Q. Ravi has purchased a vehicle at ₹ 60,000. He sold it at a price

30 %

less than its value to Amit. Amit spent

5 %

of the amount he purchased in repairs. Find the percentage decrease of the price of the vehicle, including the repair price also.

Q. Closing stock is valued at cost price or market price whichever is less.

Q. FCI purchases and stores foodgrains and distributes it in deficit areas at a price less than the market price known as

Ravi has purchased a vehicle at Rs.60,000. He sold it at a price $30 %$ less than its value to Amit. Amit spent $5 %$ of the amount he purchased in repairs. Find the percentage decrease in the price of the vehicle, including the repair price also.

Join BYJU'S Learning Program