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National Income Aggregates & GDP · Question 36 of 69

Question 36

HardOriginal question

GVA at basic prices is ₹520 crore, product taxes are ₹60 crore and product subsidies are ₹20 crore. GVA at market prices is

Options for question 36

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. GVA at market prices = GVA at basic prices + product taxes − product subsidies.

  2. = 520 + 60 − 20 = ₹560 crore.

Concept
From basic to market prices
Typical time
100 s
Your time
—
The rule this testsMarket price, factor cost and basic prices
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Ten questions from National Income Aggregates & GDP, at your own pace.

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Ten questions from National Income Aggregates & GDP, at your own pace.

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