To get GVA at basic prices, one among the following will be added to GVA_FC. Choose the correct option from below : Option 1: NFIA Option 2: Net Production Taxes Option 3: Depreciation Option 4: Subsidies

The answer is 'Net Production Taxes'. View full solution:

CUET Economics - To get GVA at basic prices, one among the following will be added to GVA_FC. Choose the correct option from below : | PYQs + Solutions

CUET Economics 2023 30 May Shift 1

Macro

Medium

NFIA

Net Production Taxes

Depreciation

Subsidies

✅ Correct Option: 2

Related questions:

27 May Shift 2

Which statements are true in terms of basic national income aggregates:

(A) GNP at factor cost measures the value of output received by the factors of production belonging to a country in a year.

(B) GDP is the market value of all intermediate goods and final goods and services produced within a domestic territory of a country measured in a year.

(C) NDP at factor cost is the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

(D) GDP at factor cost is gross domestic product at market prices, less net product taxes.

Choose the correct answer from the options given below:

28 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Not pass through any more stages of production or transformations	(I) Capital goods
(B) Consumed when purchased by their ultimate consumers	(II) Intermediate goods
(C) Gradually undergo wear and tear	(III) Final goods
(D) Used by other producers as material inputs	(IV) Consumption goods

Choose the correct answer from the options given below:

CUET Economics 2022 Slot 3

If a Country's real GDP is $\overline{\mathbf{\tau}}$ 400 crores and its nominal GDP is $\overline{\mathbf{\tau}}$ 1000 crores, its GDP deflator is : (Choose the correct alternative).

CUET Economics 2023 30 May Shift 1 PYQs

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