Macro

National Income

Hard

Match List-I with List-II

List-I List-II
(A) Net National Product at Market Prices (NNP_MP) (I) GNP_MP - Net Product Taxes - Net Production Taxes
(B) Gross National Product at Market Prices (GNP_MP) (II) GDP at market prices
(C) Gross National Product at Factor Cost (GNP_FC) (III) GNP_MP - Depreciation
(D) GVA at Market Prices (IV) GDP_MP + NFIA

Choose the correct answer from the options given below:

List-I	List-II
(A) Net National Product at Market Prices (NNP_MP)	(I) GNP_MP - Net Product Taxes - Net Production Taxes
(B) Gross National Product at Market Prices (GNP_MP)	(II) GDP at market prices
(C) Gross National Product at Factor Cost (GNP_FC)	(III) GNP_MP - Depreciation
(D) GVA at Market Prices	(IV) GDP_MP + NFIA

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

(A) - (I), (B) - (III), (C) - (II), (D) - (IV)

(A) - (I), (B) - (II), (C) - (IV), (D) - (III)

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

✅ Correct Option: 4

Option 1 -> (A)-(I), (B)-(II), (C)-(III), (D)-(IV) is incorrect matching.

Option 2 -> (A)-(I), (B)-(III), (C)-(II), (D)-(IV) is incorrect matching.

Option 3 -> (A)-(I), (B)-(II), (C)-(IV), (D)-(III) is incorrect matching.

Option 4 -> (A)-(III), (B)-(IV), (C)-(I), (D)-(II) is the correct matching.

Hence, Option 4: (A) - (III), (B) - (IV), (C) - (I), (D) - (II) -> Let's verify each match: (A) NNP_MP = GNP_MP - Depreciation, which is (III). (B) GNP_MP = GDP_MP + NFIA (Net Factor Income from Abroad), which is (IV). (C) GNP_FC = GNP_MP - Net Product Taxes - Net Production Taxes (this converts market prices to factor cost), which is (I). (D) GVA at Market Prices = GDP at market prices (they are essentially the same concept), which is (II). All matches are accurate according to national income accounting definitions. -> correct

2025: 30 May Shift 2

Which statement is not related to the inventory.

2026: 15 May Shift 1

Identify the steps in sequence to calculate the value of National Income by expenditure method:

A. Calculating NNP at factor cost ( $NNP_{fc} = NDP_{fc} + NFIA$ )

B. Calculating GDP at factor cost ( $GDP_{fc} = GDP_{mp} - NIT$ )

C. Calculating GDP at market price ( $GDP_{mp} = C + I + G + X - M$ )

D. Calculating NDP at factor cost ( $NDP_{fc} = GDP_{fc} - Depreciation$ )

Choose the correct answer from the options given below:

2023: 1 June Shift 1

Match List - I with List - II.

	List - I		List - II
(A)	Value of output	(I)	Sales + Change in stock
(B)	Operating surplus	(II)	Sales + Change in stock - Intermediate consumption
(C)	Profit	(III)	Rent + Interest + Royalty + Profit
(D)	Value added	(IV)	Corporation tax + Undistributed profit + Dividend

Choose the correct answer from the options given below :

2022: 16 July Shift 2

Which of the following is a factor income?

2025: 22 May Shift 1

What is change in price?

2025: 14 May Shift 1

Choose the correct statements from the following.

(A) Capital goods are those goods which are bought not for meeting immediate need of the consumer but for producing other goods.

(B) Households refer to the families or individuals who supply factors of production to the firms and which buy the goods and services from the firms

(C) Consumer Price Index is the index of prices of a given basket of commodity which are bought by the representative consumer

(D) Wholesale Price Index refers to the percentage change in the weighted average price level.

Solution

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