Q19 of 38 Page 1

In the question given below, there are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the correct option:

Assertion (A): Not every good or service that is produced and sold needs to be counted to know the total production in each sector.


Reason (R): The value of final goods already includes the value of all the intermediate goods. Options:


For example, a farmer sells wheat to the flour mill at Rs8 per kg. The mill grinds the wheat and sells the flour to a biscuit manufacturing company for Rs 10 per kg. The biscuit company uses ingredients such as flour, sugar, and oil to make 5 packets of biscuits. These biscuits are sold at a price of Rs 100 (Rs 20 per biscuit) to the customers. Only the biscuit is considered as final goods because they reach the final consumers. Wheat is considered as an intermediate product. It is used in the production of final goods only. The value of final goods already includes the value of all the intermediate goods that were used in the production of final goods

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17

Find the Incorrect option

 18

Arrange the following in the correct sequence –

i-Transporting cloth to the workshops


ii- Sale in shops and showrooms


iii- Spinning the yarn


iv-The weaving of the fabric


 20

Rita has taken a loan of Rs. 7 lakhs from the bank to purchase a car. The annual interest rate on the loan is 14.5 percent and the loan is to be repaid in 3 years in monthly installments. The bank retained the papers of the new car as collateral, which will be returned to Rita only when she repays the entire loan with interest.

Analyze the loan information given above, considering one of the following correct options.


 21

Describe the incidence of Jallianwala Bagh Massacre.

OR


Describe the role of Alluri Sitaram Raju in Andhra Pradesh during the 1920s.