Multiple Choice Questions on lsquo Value added rsquo is equal to ndash ........ for General Studies (Level 1) Preparation

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Multiple Choice Questions

lsquo Value added rsquo is equal to ndash ........

Indian Economy (Easy) Budgeting and Fiscal policy
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    ‘Value-added’ is equal to–

    Investment profit

    Incorrect Answer

    Reconstruction profit

    Incorrect Answer

    Gross profit

    Incorrect Answer

    Output Price Minus the Input cost

    Correct Answer
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    Explanation:

    Value added is the difference between the price of product or service and the cost of producing it.
    It is calculated as
    VAT Payable = Output VAT – Input VAT

    By: Amit Kumar
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