InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
An employee takes a house on rent and pays the same to the landlord. The employer reimburses this amount. Such a payment by the employer is:A. Gift to the employeeB. Payment of rent to the employeeC. Compensation of employeeD. Transfer payment to the employee |
| Answer» Correct Answer - C | |
| 2. |
From the following data, calcualte value added by firm X and by firm Y: (i) Closing stock of firm X 20 (ii) Closing stock of firm Y 15 (iii) Opening stock of firm Y 10 (iv) Opening stock of firm X 5 (v) Sales by firm X 300 ltbr. (vi) Purchases by firm X from firm Y 100 (vii) Purchases by firm Y from firm X 80 (viii) Sales by firm Y 250 (ix) Import of raw material by firm X 50 (x) Exports by firm Y 30 |
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Answer» VA by X=v+i-iv-vi-ix =300+20-5-100-50 =rs 165 lakh V.A. by `Y=viii+ii-iii-vii` `=250+15-10-80` =rs 175lakh |
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| 3. |
Calculate value-added by firms A and B from the following data: (i) Purchases by firm B from firm A 40 ) Sales by firm B 80 (iii) Imports by firm B 10 (iv) Plat paid by firm B 5 (v) Opening stock of firm B 15 (vi) Closing stock of firm B 20 (vii) Purchases by firm A from firm B 20 (viii) Closing stock of firm A 20 (ix) Opening stock of firm A 10 |
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Answer» V.A. by `A=i+viii-ix-vii` `=40+20-10-20` =rs 30 lakh V.A. by `B=ii+vi-v-i-iii` =`80+20-15-40-10` =rs 35lakh |
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| 4. |
From the data of a firm given alongside, find out net value added at factor cost: Total sales rs 75,000 Purchase of raw materials and other inputs rs30,000 Indirect tax rs7,500 Consumption of fixed capital rs2,500. |
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Answer» `NVA_(fc)`=sales-Purchases etc.-I.T.-CFC `=75000-3000-7500-2500` =rs 35,000 |
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| 5. |
From the following data, find out value added by firm X: (i) Sales by firm Y to firm X 400 (ii) Sales by firm X to households 500 (iii) Purchases by firm Z from firm X 300 (iv) Opening stock of firm X 25 (v) Closing stock of firm X 75 |
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Answer» `GVA_(mp)` by X=(ii+iii)+(v-iv)-(i) `=(500+300)+(75-25)-400` =rs 450lakh. |
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| 6. |
From the following information about firm X, calculate gross value added by it: (i) Domestic sales 300 (ii) Exports 100 (iii) Production for self-consumption 50 (iv) Purchases from firm A 110 (v) Purchases from firm B 70 (vi) Imports of raw materials 30 (vii) Change in stock 60 |
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Answer» `GVA_(mp)=(i+iii+ii)+(vii)-(iv+v+vi)` `=(300+50+100)+(60)-(110+70+30)` =rs 300 lakh. |
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| 7. |
Calculate the Net Value Added at Factor Cost: (i) Goods and services tax 25 (ii) Consumption of ifxed capital 5 (iii) Closing stock 10 (iv) Corporate tax 15 (v) Opening stock 20 (vi) Sales 540 (Vii) Purchases of raw materials 140 |
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Answer» `NVA_(fc)=vi+iii-v-vii-ii-i` `=540+10-20-140-5-25` =rs 360 lakh. |
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| 8. |
Calculate (a) Value of output and (b) Net value added at factor cost from the following data: (i) Goods and services tax 100 (ii) Sales 1000 (iii) Operating surplus 60 (iv) Opening stock 200 (v) Consumption of fixed capital 50 (vi) Closing stock 200 (vii) Intermediate cost 600 (viii) Subsidies 40 |
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Answer» V.O.=ii+(vii-iv) `=1000+(200-200)` =rs 1000 lakhs `NVA_(fc)=V.O.-viii-vi-i+ix` `=1000-600-50-100+40` =rs 290 lakh. |
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| 9. |
Calculate net value added at factor cost: (i) Subsidies 5 (ii) Sales 500 (iii) Intermediate consumption 200 (iv) Closing stock 40 (v) Consumption of fixed capital 60 (vi) Indirect tax 30 (vii) Opening stock 50 |
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Answer» `NVA_(fc)=ii+iv-vii-iiiv-vi+i` `=500+40-50-200-60-30+5` =rs 205 crore. |
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