SSC MTS EXAM

Detailed explanation-1: -Intermediate goods are products that are used in the production process to make other goods, which are ultimately sold to consumers. The intermediate goods are sold industry-to-industry for resale or to produce other products.

Detailed explanation-2: -All goods which are used (i) as raw material for further production of other goods, or (ii) for resale in the same year are known as intermediate goods. Such goods are purchased by one firm from the other for use as raw material or for resale.

Detailed explanation-3: -What is an Intermediate Good? An intermediate good refers to partially finished goods that are then used as an input ton the production of other goods that become final goods. Intermediate goods are an integral part of the production process, and as such, they are also known as producer goods.

Detailed explanation-4: -The value of intermediate consumption will be rupees 1200 because purchase of raw material only cause intermediate cost and thus it is referred as intermediate consumption. Exports and imports will not be accounted as intermediate consumption.