CUET Economics 2025 26 May Shift 2 PYQs

Which of the following correctly defines Gross National Product at Market Prices (GNPMP)?

1. 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.
2. 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.
3. 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.
4. GNPMP is the market value of all final goods and services produced within a domestic territory of a country measured in a month.

The domestic services performed by women at home are categorized as:

1. Non-monetary exchanges
2. Externalities
3. Personal services
4. Social services

Arrange the following in order as per Income method of measuring national Income.

(A) Classifying the production units into primary, secondary and tertiary sector on the basis of their occupational activities

(B) Adding the net factor income from abroad.

(C) Determination of domestic income.

(D) Finding the factor payments made by each production unit and classifying it into compensation of employees, operating surplus and mixed income.

Choose the correct answer from the options given below: