Question : Which among the following is the correct way to express the change of inventories of a firm during a year?

Option 1: Change of inventories of a firm during a year (value added - intermediate goods used by the firm + sale of the firm during a year)

Option 2: Change of inventories of a firm during a year (value added + intermediate goods used by the firm + sale of the firm during a year)

Option 3: Change of inventories of a firm during a year (value added - intermediate goods used by the firm - sale of the firm during a year)

Option 4: Change of inventories of a firm during a year (value added + intermediate goods used by the firm - sale of the firm during a year)

Question : The products that directly satisfy human demands are referred to as:

Option 1: Producer goods

Option 2: Intermediate goods

Option 3: Capital goods 

Option 4: Consumer goods

Question : What is meant by "Capital Gains"? 

Option 1: Part of the profits added to the capital

Option 2: Appreciation in the money value of assets

Option 3: Additions to the capital invested in a business

Option 4: None of these

Question : Statement 1: Gross Domestic Product (GDP) is a measure of the total output of final goods and services produced within a country's borders.

Statement 2: GDP excludes the value of intermediate goods and services used in production.

Option 1: Statement 1 is true, and Statement 2 is false.

Option 2: Statement 1 is false, and Statement 2 is true.

Option 3: Both Statement 1 and Statement 2 are true.

Option 4: Both Statement 1 and Statement 2 are false.

Question : The value added at different stages of production in an economy is as follows (in INR):

Stage 1: INR 400,000

Stage 2: INR 300,000

Stage 3: INR 200,000

If the total value of intermediate consumption is INR 250,000, what is the value of final goods produced in the economy?

Option 1: INR 650,000

Option 2: INR 750,000

Option 3: INR 850,000

Option 4: INR 950,000