Arrange the following steps in sequence for estimating GNPMP in a particular year through the income method.

(A) Adding consumption of fixed capital and Net Indirect Taxes.

(B) Classify the economy into primary, secondary and tertiary sectors.

(C) Estimation of Factor income within domestic territory.

(D) Adding Net factor income from abroad.

Option 1 -> Incorrect sequence as classification of sectors should come first before any estimation.

Option 2 -> Incorrect sequence as it starts with adding items before estimating base income.

Option 3 -> Correct sequence: First classify sectors, then estimate domestic factor income, then add depreciation and indirect taxes, finally add NFIA.

Option 4 -> Incorrect sequence as NFIA should be added last, not depreciation and indirect taxes.

Hence, Option 3: (B), (C), (A), (D) -> The correct sequence for estimating GNPMP through income method is: (B) First classify the economy into primary, secondary and tertiary sectors for systematic data collection; (C) Then estimate Factor Income within domestic territory (NDPFC - Net Domestic Product at Factor Cost); (A) Add Consumption of Fixed Capital (depreciation) and Net Indirect Taxes to convert NDPFC to GDPMP (Gross Domestic Product at Market Price); (D) Finally add Net Factor Income from Abroad (NFIA) to convert GDPMP to GNPMP (Gross National Product at Market Price). Formula: GNPMP = NDPFC + Depreciation + Net Indirect Taxes + NFIA -> correct