Question : Which of the following is not included in inventory investment when calculating national income?

Option 1: Change in sales during the year

Option 2: Change in stock of raw material

Option 3: Change in stock of semi-finished goods

Option 4: Change in stock of finished goods

Question : The total value of goods and services produced in a country during a given period is

Option 1: disposable income

Option 2: national income

Option 3: per capita income

Option 4: net national income

Question : Which one of the following is not a method of measurement of national income?

Option 1: Value-added method

Option 2: Income method

Option 3: Investment method 

Option 4: Expenditure method

Question : An unexpected rise in sales of a product leads to ______.

Option 1: planned decumulation of inventory

Option 2: unplanned decumulation of inventory

Option 3: unplanned accumulation of inventory

Option 4: planned accumulation of inventory

Question : The demand curve will shift forward when ______.

Option 1: price of complementary goods fall

Option 2: price of substitute goods decreases

Option 3: income of consumer fall

Option 4: price of complement goods increases

Question : Out of the two bar graphs provided below, one shows the amounts ( INR in Lakhs) invested by a company in purchasing raw materials over the years and the other shows the values ( INR in Lakhs) of finished goods sold by the company over the years.

What was the difference between the average amount invested in raw materials from 1997 to 2000 and the average value of sales of finished goods during the same period from 1997 to 2000?

Option 1: 77.5 lakhs

Option 2: 70.5 lakhs

Option 3: 76.5 lakhs

Option 4: 87.5 lakhs