CUET Economics PYQs

Given below are the steps for calculation of National Income by value added method. Place them in the correct sequence.

(A) Estimate Gross Domestic Product at market price

(B) Calculate Net Domestic Product at factor cost

(C) Estimation of value of output produced by each firm in all sectors of the economy during the year

(D) Calculate Net National Product at factor cost

Choose the correct answer from the options given below :

Calculate Gross Domestic Product at market price (GDP$_{MP}$).

1. Rs. 3500 crores
2. Rs. 3137 crores
3. Rs. 3140 crores
4. Rs. 3000 crores

Which of the following is a part of Domestic product of India ?

(A) Gifts given by employer to his employees

(B) Profits earned by branches of country's bank in other countries

(C) Profits earned by foreign companies in India

(D) Purchase of goods by foreign tourists

Choose the correct answer from the options given below :