Calculate the value of operating surplus from following:

Wages and Salaries Rs 2,000

Rent Rs 1,000

Interest Rs 500

Employers contribution in social security scheme Rs 200

Royalty Rs 300

Profits Rs 200

Identify the correct statements about the externalities as a limitation of GDP and welfare.

A. GDP as measured does not include external production of goods.

B. Inverse relationship between negative externality and welfare.

C. No relation between GDP and welfare.

D. Economic activities have both positive and negative externalities.

E. Producers are rewarded with profit for positive externalities

Choose the correct answer from the options given below :

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

1. Rs. 3000 crore
2. Rs. 3137 crore
3. Rs. 3140 crore
4. Rs. 3500 crore

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

1. Rs. 3500 crores
2. Rs. 3137 crores
3. Rs. 3140 crores
4. Rs. 3000 crores

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

Which of the following are the methods of calculating national income?

(A) Value added method

(B) Expenditure method

(C) Saving method

(D) Income method

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Match List-I with List-II

List-I	List-II
(A) GDP	(I) NDP$_{MP}$ + NFIA
(B) GDP$_{FC}$	(II) C+I+G+X-M
(C) NDP$_{MP}$	(III) GDP$_{MP}$ - Depreciation
(D) NNP$_{MP}$	(IV) GDP$_{MP}$ - NIT

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