Macro

National Income

Medium

Choose the correct sequence to arrive at $NNP_{FC}$ using value added method.

(A) $GDP_{MP}$ - Depreciation

(B) $NDP_{MP}$ - Net Indirect Taxes

(C) Value of output - Intermediate cost

(D) Domestic income + Net factor income from abroad

Choose the correct answer from the options given below :

(A), (B), (D), (C)

(C), (B), (A), (D)

(A), (B), (C), (D)

(C), (A), (B), (D)

✅ Correct Option: 4

Value added method steps: (C) Value of output - Intermediate cost = GVA which sums to $GDP_{MP}$ . (A) $GDP_{MP}$ - Depreciation = $NDP_{MP}$ . (B) $NDP_{MP}$ - Net Indirect Taxes = $NDP_{FC}$ (Domestic Income). (D) Domestic income + NFIA = $NNP_{FC}$ . Hence (C), (A), (B), (D).

2024: 16 May

Identify the correct statement in the context of Circular Flow of Income in an economy

2026: 15 May Shift 1

The Central Statistics Office (CSO) of the Government of India has been reporting the GDP at factor cost and at market prices. In its revision in January, 2015 the CSO replaced GDP at factor cost with __________

2025: 30 May Shift 2

Consider the following data:

Nominal GDP : 1900

Real GDP : 1300

What is the GDP deflator in the above conditions ?

2023: 28 May Shift 2

Match List - I with List - II.

List - I | List - II

(A) Income Method | (I) Calculated at current prices

(B) Expenditure Method | (II) Calculated at constant prices

(D) Nominal GDP | (IV) Aggregate of factor incomes

Choose the correct answer from the options given below :

2025: 13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Net National Product at Market Prices (NNP_MP)	(I) GNP_MP - Net Product Taxes - Net Production Taxes
(B) Gross National Product at Market Prices (GNP_MP)	(II) GDP at market prices
(C) Gross National Product at Factor Cost (GNP_FC)	(III) GNP_MP - Depreciation
(D) GVA at Market Prices	(IV) GDP_MP + NFIA

Choose the correct answer from the options given below:

2026: 12 May Shift 1

In the base year 2020, a country produced 1000 toys, price was Rs 100 per toy. In 2025 the same country produced 500 toys at price Rs 150 per toy. The value of nominal and real GDP in year 2025 considering 2020 as base year:

Solution

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