Macro

National Income

Medium

Match List-I with List-II

List-I List-II
(A) GNP $_{MP}$ - Depreciation (I) NNP $_{MP}$
(B) GDP $_{MP}$ + NFIA (II) GNP $_{MP}$
(C) NNP $_{MP}$ - Net Product Taxes - Net Production Taxes (III) GDP $_{MP}$
(D) GVA $_{MP}$ (IV) NNP $_{FC}$

Choose the correct answer from the options given below:

List-I	List-II
(A) GNP $_{MP}$ - Depreciation	(I) NNP $_{MP}$
(B) GDP $_{MP}$ + NFIA	(II) GNP $_{MP}$
(C) NNP $_{MP}$ - Net Product Taxes - Net Production Taxes	(III) GDP $_{MP}$
(D) GVA $_{MP}$	(IV) NNP $_{FC}$

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

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

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

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

✅ Correct Option: 3

This flowchart explains the transformation in National Income:

The aswer is: (A) - (I), (B) - (II), (C) - (IV), (D) - (III)

Note: Gross Value Added at Market Prices is equivalent to Gross Domestic Product at Market Prices.

GVA is simply another way to express GDP, representing the total value added by all sectors of the economy.

2023: 11 June Shift 3

Which of the following is a part of Domestic product of India ?

(A) Gifts given by employer to his employees

(B) Profits earned by branches of country's bank in other countries

(D) Purchase of goods by foreign tourists

Choose the correct answer from the options given below :

2023: 11 June Shift 3

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

2025: 13 May Shift 2

Addition to the stock of physical capital and changes in the inventory of a producer is known as .......

2022: 16 July Shift 2

Which of the following is a factor income?

2022: 10 Aug Shift 2

Which of the following statements are incorrect ?

(A) Circular flow of income does not take place in a closed economy.

(B) Real flow consists of flow of factor services from households to firms.

(D) Money flow consists of flow of factor payments from households to firms.

Choose the correct answer from the options given below :

2025: 28 May Shift 1

Consider the following statement related to investment:

(A) The common notion is that investment is using money to buy physical or financial assets.

(B) From an economist's view, investment is capital formation.

(D) The common and economic view regarding investment does not make any difference. It is the same.

Choose the correct answer from the options given below:

Solution