NNP at market prices minus net indirect taxes is called:
APersonal Income
BDisposable Income
CNational Income
DGross National Product
Answer & Solution
Correct answer: C. National Income
1. Indirect taxes go to the government.
2. The result is NNP at factor cost, or National Income.
3. Subsidies are added back.
_Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._
Keep practising Indian Economy
Browse all Indian Economy questions for UPSC CSE, or explore more Economics topics.