Which of the following is not an example of intermediate goods?

Question

Question

This question was previously asked in

SSC CPO 2022 Tier-I Official Paper (Held On 10 Nov 2022 Shift 3) [Answer Key]

Answer 1

The correct answer is 4) Medicine.

Key Points

Intermediate Goods:
- Intermediate goods are products used as inputs in the production of other goods. They are not final goods and are typically transformed or assembled into final products.
Hard Drive: This is an intermediate good.
- A hard drive is used in the production of computers and other electronic devices. It is not sold as a final product but as a component of a final product.
Steel: This is an intermediate good.
- Steel is used in the production of various products like cars, machinery, and buildings. It is a raw material that gets transformed into finished goods.
Paint: This is an intermediate good.
- Paint is used in manufacturing and construction processes to finish and protect surfaces. It is not a final product by itself but is used in the production of finished goods.
Medicine: This is not an intermediate good.
- Medicine is a final good that is consumed directly by individuals for health purposes. It is not used as an input in the production of other goods.

Additional Information

Examples of Intermediate Goods:
- Other examples of intermediate goods include flour used in baking, wood used in furniture making, and glass used in window manufacturing.