alleryIf GDP at market prices = ₹500, depreciation = ₹50, net indirect taxes = ₹40, NFIA = ₹10, then NNP at factor cost (National Income) =
A₹500
B₹460
C₹420
D₹360
Answer & Solution
Correct answer: C. ₹420
GNP_MP = GDP_MP + NFIA = 510. NNP_MP = GNP_MP − Depreciation = 460. NNP_FC = NNP_MP − Net Indirect Taxes = 460 − 40 = 420.
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