Question

ment of National Income
le 11. 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​

Answer 1

Answer:

The correct Answer is Rs. 670 Crores

Explanation:

Net Value Added at Factor Cost

=Total Sales + Production for Self Consumption- Decrease in Stock - Purchase of raw materials - Electricity Charges- (GST-Subsidy)

= 1000+120-70-300-50-(70-40)

=Rs. 670 Crores