CUET Economics 2025 30 May Shift 2 PYQs

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?

1. Rs 3615 crore
2. Rs 3820 crore
3. Rs 3855 crore
4. Rs 3340 crore

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:

Which of the following will be included in the domestic territory of India?

1. Russian embassy located in India
2. Indian embassy located in Japan
3. A cargo ship operated by a French parked in Vishakhapatnam
4. An army base operated by the USA in India.