By DeeCee – Divine Classes

Numerical Practice Sheet

Q 1. From the following data about a firm 'X' for the year 2000-01, calculate the
net value added at market price during that year:
Particulars ₹ in crores
(i) Sales 90
(ii) Closing stock 25
(iii) Opening stock 15
(iv) Indirect taxes 10
(v) Depreciation 20
(vi) Intermediate consumption 40
(vii) Purchase of raw materials 15
(viii) Rent 5

Q 2. From the following data about firm 'X' calculate gross value added at factor
cost by it:
Particulars ₹ in thousands
(i) Sales 500
(ii) Closing stock 30
(iii) Opening stock 20
(iv) Purchase of intermediate products 300
(v) Purchase of machinery 150
(vi) Subsidy 40

Q 3. From the following data, calculate "gross value added at factor cost".
Particulars ₹ in crores
(i) Sales 180
(ii) Rent 5
(iii) Subsidies 10
(iv) Change in stock 15
(v) Purchase of raw materials 100
(vi) Profits 25

Q 4. From the following data relating to a firm, calculate its net value added at
factor Cost:

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By DeeCee – Divine Classes

Particulars ₹ in Lakhs
(i) Subsidy 40
(ii) Sales 800
(iii) Depreciation 30
(iv) Exports 100
(v) Closing stock 20
(vi) Opening stock 50
(vii) Intermediate purchases 500
(vii) Purchase of machinery for own use 200
(ix) Import of raw material 60

Q 5. Calculate value of output from the following data:

Particulars ₹ in Lakhs
(i) Net value added at factor cost 100
(ii) Intermediate consumption 75
(iii) Goods and Services Tax (GST)* 20
(iv) Subsidy 5
(v) Depreciation 10
*Excise Duty given in the question earlier has been replaced by GST.
Q 6. Calculate 'intermediate consumption from the following data:
Particulars ₹ in Lakhs
(i) Value of output 200
(ii) Net value added at factor cost 80
(Iii) Goods and Services Tax (GST)* 15
(iv) Subsidy 5
(v) Depreciation 20
* Sales Tax given in the question earlier has been replaced by GST
Q 7. Find net value added at factor cost:
Particulars ₹ in Lakhs
(i) Durable use producer goods with a life span of 10 years 10
(ii) Single use producer goods 5
(iii) Sales 20
(iv) Unsold output produced during the year 2
(v) Taxes on production 1

Q 8. Calculate Gross Value Added at Factor Cost:

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By DeeCee – Divine Classes

Particulars
(i) Units of output sold (units) 1,000
(ii) Price per unit of output (₹) 30
(iii) Depreciation (₹) 1,000
(iv) Intermediate cost (₹) 12,000
(v) Closing stock (₹) 3,000
(vi) Opening stock (₹) 2,000
(vii) Goods and Services Tax or GST (₹) 6,000
*Excise Duty and Sales Tax given in the question earlier have been replaced by
GST.
Q 9. From the following data, calculate Net value added at factor cost.
Particulars ₹ in crores
(i) Total Sales 1,000
(ii) Decrease in Stock 70
(iii) Production for Self Consumption 120
(iv) Purchase of raw materials 300
(v) Exports 150
(vi) Electricity Charges 50
(vii) Income Tax 20
(viii) Goods and Services Tax (GST) 70
(ix) Subsidy 40

Q 10. From the following data, calculate: (a) Value of output; (b) Intermediate
Consumption; (c) Net value added at factor cost.
Particulars ₹ in crores
(i) Purchase of raw materials from domestic market 400
(ii) Increase in the unsold stock 60
(iii) Import of raw material 120
(iv) Domestic Sales 1,200
(v) Replacement of Fixed Capital 50
(vi) Power Charges. 20
(vii) Exports 200
(viii) Import of Machinery 40
(ix) Goods and Services Tax (GST) 10
(x) Subsidy 30
(xi) Goods used for self Consumption 10

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By DeeCee – Divine Classes

Q 11. Calculate Net Value Added at Factor Cost:

Particulars
(i) Consumption of fixed capital (₹) 600
(ii) Goods and Services Tax or GST* (₹) 400
(ii) Output sold (units) 2,000
(iv) Price per unit of output (₹) 10
(v) Net change in stocks (₹) (-) 50
(vi) Intermediate cost (₹) 10,000
(vii) Subsidy (₹) 500
*Import duty given in the question earlier has been replaced by GST.
Q 12. Calculate Net Value Added at Market Price:
Particulars
(i) Output sold (units) 800
(ii) Price per unit of output (₹) 20
(iii) Goods and Services Tax or GST* (₹) 2,000
(iv) Net change in stocks (₹) (-)500
(v) Depreciation (₹) 1,000
(vi) Intermediate cost (₹) 8,000
*Excise duty and import duty given in the question earlier have been replaced
by GST.
Q 13. Find Net Value added at Market Price:
Particulars ( ₹ in lakhs)
(i) Fixed Capital good with a life span of 5 years 15
(ii) Raw materials 6
(iii) Sales 25
(iv) Net change in stock (-) 2
(v) Taxes on production 1

Q 14. Calculate 'Sales' from the following data:

Particulars ( ₹ in lakhs)
(i) Subsidies 200
(ii) Opening stock 100
(iii) Closing stock 600
(iv) Intermediate consumption 3,000
(v) Consumption of fixed capital 700
(vi) Profit 750
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(vii) Net value added at factor cost 2,000

Q 15. Calculate 'Sales' from the following data:

Particulars ( ₹ in lakhs)
(i) Net value added at factor cost 300
(ii) Net addition to stocks (-)20
(iii) Goods and Services Tax (GST)* 30
(iv) Depreciation 10
(v) Intermediate consumption 100
(vi) Subsidy 5
*Sales Tax given in the question earlier has been replaced by GST.
Q 16. Find out Net National Product at Market Price:
Particulars ₹ in crores
(i) Interest 400
(ii) Wages and Salaries 1,000
(iii) Net factor income to abroad (-) 20
(iv) Social security contributions by employers 100
(v) Net indirect tax 80
(vi) Rent 300
(vii) Consumption of fixed capital 120
(viii) Corporation Tax 50
(ix) Dividend 200
(x) Undistributed profits 60

Q 17. Find out Gross National Product at Market Price:

Particulars ₹ in crores
(i) Private final consumption expenditure 1,000
(ii) Depreciation 100
(iii) Net factor income to abroad (-) 10
(iv) Closing stock 20
(v) Government final consumption expenditure 300
(vi) Net indirect tax 50
(vii) Opening stock 20
(viii) Net domestic fixed capital formation 110
(ix) Net exports 15

Q 18. Calculate National Income.

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By DeeCee – Divine Classes

Particulars ₹ in Arab
(i) Net domestic capital formation 110
(ii) Private final consumption expenditure 600
(iii) Subsidies 20
(iv) Government final consumption expenditure 100
(v) Indirect tax 120
(vi) Net imports 20
(vii) Consumption of fixed capital 35
(viii) Net change in stocks (-) 10
(ix) Net factor income to abroad 5

Q 19. Calculate net domestic product at factor cost from the following:
Particulars ₹ in Arab
(i) Net factor income to abroad 10
(ii) Government final consumption expenditure 100
(iii) Net indirect tax 80
(iv) Private final consumption expenditure 300
(v) Consumption of fixed capital 20
(vi) Gross domestic fixed capital formation 50
(vii) Net imports (-) 10
(viii) Closing stock 25
(ix) Opening stock 25

Q 20. Calculate NNPMP.

Particulars ₹ in Arab
(i) Closing stock 10
(ii) Consumption of fixed capital 40
(iii) Private final consumption expenditure 600
(iv) Exports 50
(v) Opening stock 20
(vi) Government final consumption expenditure 100
(vii) Imports 60
(viii) Net domestic fixed capital formation 80
(ix) Net factor income to abroad 30

Q 21. Calculate national income:

Particulars ₹ in crores
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By DeeCee – Divine Classes

(i) Net domestic capital formation 150

(ii) Government final consumption expenditure 300
(iii) Net factor income from abroad (-) 20
(iv) Private final consumption expenditure 600
(v) Depreciation 30
(vi) Net exports 50
(vii) Net indirect taxes 90
(viii) Net current transfers from rest of the world 40

Q 22. Calculate national income:

Particulars ₹ in crores
(i) Net current transfer from rest of the world 30
(ii) Private final consumption expenditure 400
(iii) Net domestic capital formation 100
(iv) Change in stock 50
(v) Depreciation 20
(vi) Government final consumption expenditure 200
(vii) Net exports 40
(viii) Net indirect taxes 80
(ix) Net factor income paid to abroad 10

Q 23. Calculate Net Domestic Product at Market Price:

Particulars ₹ in crores
(i) Private Final Consumption Expenditure 400
(ii) Opening stock 10
(iii) Consumption of Fixed Capital 25
(iv) Imports 15
(v) Government Final Consumption Expenditure 90
(vi) Net factor income to abroad (-) 5
(vii) Gross Domestic Fixed Capital Formation 80
(viii) Closing stock 20
(ix) Exports 10

Q 24. Calculate Net National Product at Market Price.

Particulars ₹ in crores
(i) Net Factor income to abroad (-) 10
(ii) Social security contributions by employees 11
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By DeeCee – Divine Classes

(iii) Consumption of fixed capital 40

(iv) Compensation of employees 700
(v) Corporate tax 30
(vi) Undistributed profits 10
(vii) Interest 90
(viii) Rent 100
(ix) Dividends 20
(x) Net Indirect tax 110

Q 25. From the following data, calculate net value added at factor cost.
Particulars ₹ in crores
(i) Sales 300
(ii) Opening stock 40
(iii) Depreciation 30
(iv) Intermediate consumption 120
(v) Exports 50
(vi) Change in stock 20
(vii) Net indirect taxes 15
(viii) Factor income to abroad 10

Q 26. Calculate National Income.

Particulars ₹ in crores
(i) Private final consumption expenditure 500
(ii) Net domestic fixed capital formation 100
(iii) Net factor income from abroad 30
(iv) Change in stock 20
(v) Net exports 40
(vi) Net indirect taxes 50
(vii) Mixed income 300
(viii) Government final consumption expenditure 200
(ix) Consumption of fixed capital 60

Q 27. Calculate Net National Product at Factor Cost:

Particulars ₹ in crores
(i) Government final consumption expenditure 500
(ii) Mixed income 1,500
(ii) Net indirect taxes 100
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By DeeCee – Divine Classes

(iv) Net exports 60

(v) Change in stock (-) 50
(vi) Net factor income to abroad 70
(vii) Net domestic fixed capital formation 250
(viii) Private final consumption expenditure 2,000
(ix) Consumption of fixed capital 30

Q 28. Calculate gross value added at factor cost.

Particulars ₹ in crores
(i) Domestic sales 3,000
(ii) Change in stock (-) 100
(iii) Depreciation 300
(iv) Intermediate consumption 2,000
(v) Exports 500
(vi) Indirect taxes 250
(vii) Net factor income from abroad (-) 50

Q 29. From the following data, calculate Gross National Product at Market Price:
Particulars ₹ in crores
(i) Dividends 300
(ii) Compensation of employees 3,000
(iii) Rent 500
(iv) Depreciation 200
(v) Interest 800
(vi) Net factor income to abroad 100
(vii) Mixed income 5,000
(viii) Net indirect taxes 400
(ix) Profit 1,500

Q 30. Calculate Net Domestic Product at Market Price.

Particulars ₹ in crores
(i) Compensation of employees 4,000
(ii) Dividend 500
(iii) Mixed income 8,000
(iv) Social security contribution by employers 400
(v) Net factor income to abroad 600
(vi) Net indirect taxes 1,000
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By DeeCee – Divine Classes

(vii) Rent 800

(viii) Consumption of fixed capital 1,200
(ix) Profit 1,500
(x) Interest 700

Q 31. Calculate Gross National Product at Factor Cost.

Particulars ₹ in crores
(i) Rent 400
(ii) Compensation of employees 3,000
(iii) Dividend 200
(iv) Change in Stock 300
(v) Net factor income to abroad 700
(vi) Net factor taxes 800
(vii) Consumption of fixed capital 1,000
(viii) Interest 600
(ix) Profits 800
(x) Mixed income 6,000

Q 32. Calculate Net Domestic Product at Factor Cost:

Particulars ₹ in crores
(i) Private final consumption expenditure 8,000
(ii) Government final consumption expenditure 1,000
(iii) Exports 70
(iv) imports 120
(v) Consumption of fixed capital 60
(vi) Gross domestic fixed capital formation 500
(vii) Change in stock 100
(viii) Factor income to abroad 40
(ix) Factor income from abroad 90
(x) Indirect taxes 700
(xi) Subsidies 50
(xii) Net current transfers to abroad (-) 30

Q 33. Calculate National Income:

Particulars ₹ in crores
(i) Compensation of employees 2,000
(ii) Rent 400
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By DeeCee – Divine Classes

(iii) Profit 900

(iv) Dividend 100
(v) Interest 500
(vi) Mixed income of self-employed 7,000
(vii) Net factor income to abroad 50
(viii) Net exports 60
(ix) Net indirect taxes 300
(x) Depreciation 150
(xi) Net current transfers to abroad 30

Q 34. Calculate Net Domestic Product at Factor Cost:

Particulars ₹ in crores
(i) Dividends 50
(ii) Social security contributions by employers 40
(iii) Corporate profit tax 30
(iv) Consumption of fixed capital 60
(v) Net factor income to abroad 20
(vi) Retained earnings of private corporate sector 20
(vii) Interest 150
(viii) Net current transfers to rest of the world (-) 10
(ix) Rent 100
(x) Net indirect tax 70
(xi) Compensation of employees 600

Q 35. Compute Domestic Income:

Particulars ₹ in crores
(i) Rent 155
(ii) Government final consumption expenditure 2,500
(iii) Subsidies 120
(iv) Gross domestic fixed capital formation 1,190
(v) Net factor income to abroad 125
(vi) Net decrease in inventories 100
(vii) Net Exports (-)420
(viii) Net Indirect Taxes 470
(ix) Private Final Consumption Expenditure 2,200
(x) Current replacement cost 145

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By DeeCee – Divine Classes

Q 36. Calculate: (a) Operating Surplus, and (b) Domestic Income:

Particulars ₹ in crores
(i) Compensation of employees 2,000
(ii) Rent and interest 800
(iii) Indirect taxes 120
(iv) Corporation tax 460
(v) Consumption of fixed capital 100
(vi) Subsidies 20
(vii) Dividend 940
(vii) Undistributed profits 300
(ix) Net factor income to abroad 150
(x) Mixed income 200

Q 37. Find National Income from following using expenditure method:

Particulars ₹ in crores
(i) Current transfers from rest of the world 50
(ii) Net Indirect Taxes 100
(iii) Net Exports (-)25
(iv) Rent 90
(v) Private Final Consumption Expenditure 900
(vi) Net Domestic Capital Formation 200
(vii) Compensation of Employees 500
(viii) Net Factor Income from Abroad (-)10
(ix) Government Final Consumption Expenditure 400
(x) Profit 220
(xi) Mixed Income of Self Employed 400
(xii) Interest 230

Q 38. Calculate: (a) Gross domestic product at market price, and (b) National
Income
method:
Particulars ₹ in crores
(i) Government final consumption expenditure 4,000
(ii) Private final consumption expenditure 3,500
(iii) Gross domestic capital formation 1,100
(iv) Net exports 500
(v) Net factor income from abroad 100
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(vi) Net indirect taxes 300

(vii) Subsidies 40
(vi) Change in stock 80
(ix) Consumption of fixed capital 120

Q 39. Given the following data, find the missing value of Government Final
Consumption Expenditure' and 'Mixed Income of Self Employed'.
Particulars ₹ in crores
(i) National Income 71,000
(ii) Gross Domestic Capital Formation 10,000
(iii) Government Final Consumption Expenditure ?
(iv) Mixed Income of Self-Employed ?
(v) Net Factor Income from Abroad 1,000
(vi) Net Indirect Taxes 2,000
(vii) Profits 1,200
(viii) Wages and Salaries 15,000
(ix) Net Exports 5,000
(x) Private Final Consumption Expenditure 40,000
(xi) Consumption of Fixed Capital 3,000
(xii) Operating Surplus 30,000

Q 40. Calculate compensation of employees from the following data:

Particulars ₹ in crores
Profit after tax 20
Interest 45
Gross domestic product at market price 200
Goods and services tax 10
Consumption of fixed capital 50
Rent 25
Corporate tax 5

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By DeeCee – Divine Classes

Answer Key
Ans 1. Net Value Added at Market Price= ₹ 40 crores
Solution 2:
Gross Value Added at Factor Cost = ₹ 230 thousands
Solution 3:
Gross Value Added at Factor Cost = ₹ 105 crores
Solution 4:
Net Value Added at Factor Cost = ₹ 280 Lakhs
Solution 5:
Value of Output = ₹ 200 lakhs
Solution 6:
Intermediate consumption = ₹ 90 lakhs
Solution 7:
Net Value Added at Factor Cost = ₹ 15 lakhs
*Depreciation Cost of Producer Goods /Life Span = 10/10=1
Solution 8:
Gross Value Added at Factor Cost = ₹ 13,000
Solution 9:
Net Value Added at Factor Cost = = ₹ 670 Crores
Solution 10:
(a) Value of Output = ₹ 1,470 Crores
(b) Intermediate Consumption
= 540 Crores
(c) Net value added at factor cost = 900
Ans 11. Net Value Added at Factor Cost = ₹ 9,450
Ans 12. Net Value Added at Market Price = ₹ 6,500

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By DeeCee – Divine Classes

Ans 13. Net Value added at Market Price = 14 lakh

Ans 14. ₹ 5,000 lakh
Ans 15. Sales = ₹ 455 lakhs
Ans 16. Net National Product at Market Price = ₹ 2,210 cites
Ans 17. Gross National Product at Market Price = ₹ 1,535 crore
Ans 18. National Income = ₹ 685 Arab
Ans 19. NDPfc = ₹ 360 Arab
Ans 20. NNPMP = ₹ 730 Arab
Ans 21. National Income = ₹990 crores
Ans 22. National Income = ₹ 650 crore
Ans23. Net Domestic Product at Market Price = ₹ 550
Ans 24. Net National Product at Market Price = ₹ 1,070
Ans 25. Net Value Added al Factor Cost – 155 crore
Ans 26. National Income = ₹ 840 Crore
Ans 27. Net National Product at Factor Cost = 2,590 Crore
Ans 28. Gross Value Added at Factor Cost = ₹ 1,150 Crore
Ans 29. Gross National Product at Market Price = 11,300 Crore
Ans 30. Net Domestic Product at Market Price = 16,000 Crore
Ans 31. Gross National Product at Factor Cost = ₹ 11,100 Crore
Ans 32. Net Domestic Product at Factor Cost = ₹ 8,840 Crore
ANS 33. National income = ₹ 10,750 Crore
Ans 34. Net domestic product at factor cots = Rs 950 crore
Ans 35. Domestic Income = ₹ 4755
Ans 36. (a) Operating Surplus = =2,500 crores
(b) Domestic Income = = 4,700 crores
Ans 37. National Income by Expenditure Method = ₹ 1,365 crores

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By DeeCee – Divine Classes

Ans 38. (a) Gross Domestic Product at Market Price = ₹ 9,100 crores
(b) National Income = = 8,780 crores
Ans 39. Mixed Income of Self Employed = ₹ 25,000 crores
Government final consumption expenditure = 20,000
Ans 40. Compensation of employees = Rs 45 crores

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