Macro

National Income

Medium

Comprehension:

Read the passage carefully and answer the questions based on the passage:

S.No.	Items	Estimates (in crores)
1	Compensation for employees	2000
2	Rent	20
3	Interest	30
4	Royalty	40
5	Profit	50
6	Mixed income for self-employed	1000
7	Net factor income from abroad	-3
8	Indirect taxes	500
9	Subsidies	400
10	Depreciation	260

Calculate Operating surplus.

Rs. 140

Rs. 50

Rs. 540

Rs. 137

✅ Correct Option: 1

The correct option is:

Rs. 140

Under the Income Method of national accounting, Operating Surplus is the sum of factor incomes earned from property and entrepreneurship.

$\text{Operating Surplus} = \text{Rent} + \text{Interest} + \text{Royalty} + \text{Profit}$

Substituting the values from the table:

$\text{Operating Surplus} = 20 + 30 + 40 + 50 = \mathbf{140 \text{ crores}}$

Question 46

Calculate Gross Domestic Product at market price (GDP $_{MP}$ ).

Question 48

Calculate Net Domestic Product at factor cost (NDP $_{FC}$ ).

Question 49

Calculate Net National Product at factor cost (NNP $_{FC}$ ).

Question 50

Caculate Net National Product at Market Price (NNP $_{MP}$ ).

Solution