Match List-I with List-II

List-I	List-II
(A) GVA at Market Prices	(I) GVA at basic prices - Net Production Taxes
(B) GVA at basic prices	(II) NNPMP - Net Product Taxes - Net Production Taxes
(C) GVA at factor cost	(III) GDP at market prices
(D) National Income (NI)	(IV) GVAMP - Net Product Taxes

Choose the correct answer from the options given below:

Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II) -> Let's understand the relationships in national income accounting:

(A) GVA at Market Prices = GDP at market prices (III) - For a domestic economy, Gross Value Added at market prices equals GDP at market prices.

(B) GVA at basic prices = GVAMP - Net Product Taxes (IV) - To get GVA at basic prices, we subtract net product taxes from GVA at market prices.

(C) GVA at factor cost = GVA at basic prices - Net Production Taxes (I) - Factor cost is obtained by removing net production taxes from basic prices.

(D) National Income = NNPMP - Net Product Taxes - Net Production Taxes (II) - National Income represents income earned by factors of production, so we remove all indirect taxes from NNPMP.

The hierarchy is: Market Prices → Basic Prices (remove product taxes) → Factor Cost (remove production taxes). -> correct