CUET Economics 2025 15 May Shift 1 PYQs

Arrange the following steps of calculation of National income in sequence.

(A) Deduction of intermediate cost

(B) Estimation of value of output

(C) Add net factor income from abroad

(D) Deduction of depreciation and NIT

Choose the correct answer from the options given below:

Match List-I with List-II

List-I	List-II
(A). Gross Domestic Product at Market Prices (GDPMP)	(I). C + I + G + (X - M)
(B). Gross Domestic Product at Factor Cost (GDPFC)	(II). GDPMP - Depreciation
(C). Net Domestic Product at Market Prices (NDPMP)	(III). GDPMP - Net Product Taxes
(D). Net Domestic Product at Factor Cost (NDPFC)	(IV). NDPMP - Net Product Taxes - Net Production Taxes

Choose the correct answer from the options given below:

Match List-I with List-II

List-I	List-II
(A) Real GDP	(I) Commodities traded in bulk.
(B) Nominal GDP	(II) GDP evaluated at constant prices.
(C) Consumer Price Index	(III) Commodities bought by representative consumers.
(D) Wholesale Price Index	(IV) GDP evaluated at current market prices.

Choose the correct answer from the options given below:

1. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
2. (A) - (II), (B) - (IV), (C) - (III), (D) - (I)
3. (A) - (I), (B) - (IV), (C) - (III), (D) - (II)
4. (A) - (IV), (B) - (I), (C) - (III), (D) - (II)