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Ex-Situ Conservation

Which one of ...

Question

Which one of the following is an intermediate product?

A

Purchase of pulses by consumers

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B

Machine purchased by a firm

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C

Wheat used by a flour mill

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D

Wheat used by households

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Solution

The correct option is C Wheat used by a flour mill
Wheat used by a flour mill is an intermediate product since wheat is used as raw material by flour mill. Value is yet to be added to wheat by converting it into flour.

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Similar questions

Classify the folllowing goods into intermediate goods and final goods:

(i) Milk purchased by a household

(ii) Purchase of rice by a grocery shop

(iiii) Purchase of an air conditioner for use in a shop

(iv) Cloth used for making a sofa-set by the carpenter

Q. Classify the following as final goods or intermediate goods.
(i) Machine purchased by a firm.
(ii) Soft drinks purchased by the school canteen.
(iii) Clothes purchased by an individual.
(iv) Coal purchased by a factory.
(v) Electricity consumption In a business.
(vi) Book purchased by a student.
(vii) Books purchased by a book seller.
(viii) Postage stamps purchased by a consumer.
(ix) Postage stamps purchased by a business unit.
(x) Exhaust fans used for making water coolers.
(xi) Seeds purchased by a farmer to produce wheat.
(xii) Seeds purchased for kitchen gardening.
(xiii) Machihes purchased by a dealer of machines.
(xiv) Car purchased by a household.
(xv) Sewing machine purchased by a housewife.

Q. Which of the following expenditures incurred are on intermediate products and which are on final products? You must state reason for your answer:
(i) Purchase of ticket for train journey by an individual.
(ii) Purchase of eatables by a firm.
(iii) Purchase of a car by an employer for office use by his employees.

Q. Rural households have more purchasing power than do urban or suburban households at the same income level, since some of the income urban and suburban households use for food and shelter can be used by rural households for other needs.

Which of the following inferences is best supported by the statement made above?

Q. Which among the following are final goods and which are intermediate goods? Give reasons.
(a) Milk purchased by a tea stall
(b) Bus purchased by a school
(c) Juice purchased by a student from the school canteen.

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