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Basic Concepts & the Circular Flow · Question 47 of 72

Question 47

MediumOriginal question

A shop's stock of goods was worth ₹4 lakh on 1 April and ₹5.5 lakh on 31 March. Its inventory investment for the year was

Options for question 47

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Inventory investment = closing stock − opening stock = 5.5 − 4 = ₹1.5 lakh.

Concept
Change in inventories
Typical time
70 s
Your time
—
The rule this testsInvestment and depreciation
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Ten questions from Basic Concepts & the Circular Flow, at your own pace.

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Ten questions from Basic Concepts & the Circular Flow, at your own pace.

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