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On the basis of the… (Class 12 Economics SQP 2024-25, Q11A)

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EconomicsCBSE Class 12 · Sample paper, session 2024-25 · 3 marks · Short answer

CBSE Class 12 Economics sample paper 2024-25: question 11(A)

From the official CBSE sample question paper for 2024-25, section A, question 11(A), for 3 marks. Try it first; the hints and our step-by-step solution are below.

Q11(A) · 3 marks · Short answerCompetency-basedNational Income Accounting

On the basis of the given data, estimate the value of Domestic Income (NDP):

S. No.ItemsAmount (₹ in crore)
i.Household Consumption Expenditure800
ii.Gross Business Fixed Capital Formation150
iii.Gross Residential Construction Investment120
iv.Government Final Consumption Expenditure170
v.Excess of Imports over Exports20
vi.Inventory Investment140
vii.Gross Public Investment500
viii.Net Indirect Taxes70
ix.Net Factor Income From Abroad(-) 50
x.Consumption of Fixed Capital40

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2024-25.

Hints

Open one hint at a time and try again before the next.

Hint 1

GDCF = business fixed + residential + public investment + inventories.

Hint 2

Excess of imports over exports is negative net exports.

Hint 3

Domestic income does not include NFIA.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Domestic income (NDPfc) = Household consumption + Government final consumption + Gross business fixed capital formation + Gross residential construction + Gross public investment + Inventory investment − Excess of imports over exports − Consumption of fixed capital − Net indirect taxes = (i) + (iv) + (ii) + (iii) + (vii) + (vi) − (v) − (x) − (viii)

    1½ marks

  2. = 800 + 170 + 150 + 120 + 500 + 140 − 20 − 40 − 70

    1 mark

  3. = ₹ 1,750 crore. (NFIA is not used: domestic income excludes it.)

    ½ mark

Answer: Domestic income (NDPfc) = ₹ 1,750 crore.

Where the marks are

  • Correct formula (1½)
  • Substitution (1)
  • Answer (½)

Revise the chapter

Practise this chapterBoard-style questions from National Income Accounting, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2024-25: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.