Hi Vijay,
I am not sure if I understood your problem correctly.
But here is what i feel.
Create two Retricted Column based on field Status.and from the button next to Restricted column, choose the value from the search button 'Active' and 'Inactive'. Do not type the values.
Now create a Calculated Column based on the Restricted column,
I hope this helps.
Let me know for any queries.
BR
Adlin