To get gross domestic product at a factor cost (GDP_FC), which among the following should be deducted from GDP at market price (GDP_MP). Option 1: Net indirect taxes. Option 2: Current transfers from government Option 3: Net factor income from abroad Option 4: Depreciation

The answer is 'Net indirect taxes.'. View full solution:

CUET Economics - To get gross domestic product at a factor cost (GDP_FC), which among the following should be deducted from GDP at market price (GDP_MP). | PYQs + Solutions

CUET Economics 2026 12th May Shift 1

Macro

Easy

Net indirect taxes.

Current transfers from government

Net factor income from abroad

Depreciation

✅ Correct Option: 1

Related questions:

13h May Shift 2

Match List-I with List-II

List-I	List-II
(A) C + I +G + X –M	(I) Gross National Product at Market Prices.
(B) GDP_MP – Net indirect tax	(II) Net National Product at Market Prices.
(C) GDP_MP + NFIA	(III) Gross Domestic Product at Market Prices.
(D) GNP_MP - Depreciation	(IV) Gross Domestic Product at Factor Cost.

Choose the correct answer from the options given below:

21st May Shift 1

Why the services performed by women at home are not included in GDP?

23rd May Shift 1

National Disposable Income is equal to ___________.