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National Income Aggregates & GDP · Question 37 of 69

Question 37

HardOriginal question

For an economy: NDP at factor cost ₹2,000 crore, NFIA ₹50 crore, depreciation ₹150 crore, indirect taxes ₹300 crore, subsidies ₹50 crore. GNP at market price is

Options for question 37

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. Net indirect taxes = 300 − 50 = 250.

  2. GNP at MP = NDP at FC + NFIA + depreciation + net indirect taxes = 2,000 + 50 + 150 + 250 = ₹2,450 crore.

Worth noting

₹2,550 crore adds subsidies instead of subtracting them.

Concept
Building up to GNP
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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