✓ Board-verified
Economics · 2026 · 1 mark
CBSE 2026 · Region 1 · Set 1 · Q7
Read the following statements carefully :Statement $\displaystyle 1$ : Final goods are those goods which normally lose their identity in the production process.Statement $\displaystyle 2$ : Final goods may get transformed during the consumption process by a consumer.(Choose the correct option)
Official answer
From CBSE’s own marking scheme for this paper.
(B)
Statement $\displaystyle 1$ is false and statement $\displaystyle 2$ is true.
Marking-scheme solution
(B)
Statement $\displaystyle 1$ is false and statement $\displaystyle 2$ is true.
More from National Income Accounting
- For a hypothetical economy, assuming there are only two firms (X and Y) with equal values of Gross Value…2026
- Meera and Shahid are two classmates, who were comparing India's economic growth over the years. Meera…2026
- In an economy, exclusion of may lead to under estimation of the value of Gross Domestic Product (GDP).…2026
- In a two sector economy, the flow of factor payments moves from to. (Choose the correct option to fill in the…2026
CBSE Class 12 Economics past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.