WBCS.LIVE practice question

Agriculture income in India is calculated by -

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Output method
  2. Input method
  3. Expenditure method
  4. Commodity flow method

Correct answer and explanation

Correct answer: Output method

Explanation: āœ… Correct Answer: A) Output method šŸ“š Explanation: In India, agricultural income and its contribution to the national gross domestic product are computed primarily using the 'Output method' (or Product method). This involves measuring the total volume of all crops harvested and valuing them at current market prices. It provides an accurate picture of the total physical wealth produced by the primary sector. This is one of the three standard methods used by economists to calculate national output.