Question : Calculate gross value added at factor cost.
| Particulars | Rs. in crore |
| Sales | 500 |
| Openinng stock | 20 |
| Closing stock | 50 |
| Purchase of intermediate products | 100 |
| Purchase of machinery | 20 |
| Subsidy | 45 |
Option 1: 600
Option 2: 645
Option 3: 535
Option 4: 385
Answer (1)
23rd Jan, 2024
Correct Answer: 385
Solution :
GVA at FC= Sales + (Closing-opening stock) - purchase of intermediate products + subsidies
= 500+(50-20)-100+45
= Rs. 385 crore
Hence, Option D is correct.
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