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National Income — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsNational Income1 Mark
MCQ
Assertion (A) – Value added approach is the difference between the value of final output and inputs at each stage of production.
Reasoning (R) – To avoid double counting value added approach is used.
  • ✓
    (i) Both (A) and (R) are true and (R) is the correct explanation of (A).
  • B
    (ii) Both (A) and (R) are true but (R) is not the correct explanation of (A).
  • C
    (iii) (A) is true but (R) is false.
  • D
    (iv) (A) and (R) both are false.
✓

Answer

Correct option: A.
(i) Both (A) and (R) are true and (R) is the correct explanation of (A).
(i) Both (A) and (R) are true and (R) is the correct explanation of (A).

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