Macro

National Income

Medium

From the following data calculate net domestic product at factor cost.

S.No. Item Rs. crore
(i) Depreciation 20
(ii) Gross National Products at factor cost 1000
(iii) Net factor income from abroad 30
(iv) Net indirect taxes 10

S.No.	Item	Rs. crore
(i)	Depreciation	20
(ii)	Gross National Products at factor cost	1000
(iii)	Net factor income from abroad	30
(iv)	Net indirect taxes	10

Rs. 1050 crores

Rs. 900 crores

Rs. 1020 crores

Rs. 950 crores

✅ Correct Option: 4

$NDP_{fc}$ = $GNP_{fc}$ - Depreciation - Net factor income from abroad.

$NDP_{fc}$ = 1000 - 20 - 30 = 950 crores.

We subtract depreciation to get net from gross, and subtract NFIA to convert national to domestic. Net indirect taxes are not needed since we already have the value at factor cost.

2026: 23 May Shift 1

Match the LIST-I with LIST-II

LIST-I		LIST-II
A. Final goods	I.	Variables defined over a period of time
B. Flow	II.	Tools, machinery used in the production of goods and services
C. Stock	III.	Goods are available for consumption
D. Capital goods	IV.	Variables defined at a point of time

Choose the correct answer from the options given below:

2025: 16 May Shift 1

If for a hypothetical economy, the Net National Product at Factor cost is Rs 3580 crore, Net Indirect Taxes are Rs 35 crore and Net Current Transfers from the Rest of the World are Rs 240 crore, then what will be the value of National Disposable Income?

2022: 30 Aug Shift 2

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

(A) $GDP_{MP}$ - Depreciation

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

(D) Domestic income + Net factor income from abroad

Choose the correct answer from the options given below :

2026: 23 May Shift 1

Which of the following activity is a limitation to GDP as an indicator of welfare?

2026: 19 May Shift 2

Select the stock variable from the following.

2025: 16 May Shift 1

Identify the assumptions of the two - sector economy's circular flow of income.

(A) There is no trade with other countries.

(B) Households do not spend all their income.

(D) Households do not save.

Choose the correct answer from the options given below:

From the following data calculate net domestic product at factor cost. S.No.ItemRs. crore(i)Depreciation20(ii)Gross National Products at factor cost1000(iii)Net factor income from abroad30(iv)Net indirect taxes10

Solution

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CUET Economics Past Year Questions (Topic-Wise)

From the following data calculate net domestic product at factor cost.

S.No. Item Rs. crore
(i) Depreciation 20
(ii) Gross National Products at factor cost 1000
(iii) Net factor income from abroad 30
(iv) Net indirect taxes 10