CUET Economics - Which of the following correctly defines Gross National Product at Market Prices (GNPMP)? | PYQs + Solutions

CUET Economics 2025 16 May Shift 1

Macro

Easy

GNPMP is the value of all the final goods and services that are produced within the economic territory of India and is measured at the market prices, in a year.

GNPMP is the value of all the final goods and services that are produced by the normal residents of India and is measured at the market prices, in a year.

GNPMP is the value of the income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

GNPMP is the market value of all final goods and services produced within a domestic territory of a country measured in a month.

✅ Correct Option: 2

Related questions:

28 May Shift 2

A firm produces Rs 1000 worth of goods per year. Rs 200 is the value of intermediate goods used by it during the year and Rs 100 is the value of capital consumption. What is the net value of total production?

28 May Shift 1

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:

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

16 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Expenditure method	(I) Invetory investment
(B) Income method	(II) GDP in the phase of disposition
(C) Value added method	(III) GDP in the phase of distribution
(D) Value of output - sales	(IV) GDP in the phase of production

Choose the correct answer from the options given below:

CUET Economics 2025 16 May Shift 1 PYQs

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