SSC Economics Sample Paper NCERT Sample Paper-1

  • question_answer
    What will be the real expression for the measurement of National income?

    A)  NNP at market prices \[-\] Indirect taxes + Subsidies

    B)  NNP at factor cost \[-\] Indirect taxes \[-\] Subsidies

    C)  NNP at market prices \[-\] direct taxes + Subsidies

    D)  NNP at factor cost \[-\] direct taxes \[-\] Subsidies

    Correct Answer: A

    Solution :

    [a] National Income is calculated by subtracting net indirect taxes from NNP at market prices. The obtained value is known as NNP at factor cost or national income. NNP at factor cost or National income = NNP at market price \[-\] (Indirect Taxes ? Subsidy) = \[NN{{P}_{MP}}-\] Indirect Tax + Subsidy.

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