Question : At the market price of an economy, the gross national product is Rs.50,000 crores. The capital stock of the economy is valued at Rs. 100,000 crore, which depreciates at the rate of 10% per annum. Indirect taxes amount to 5000 crores and subsidies amount to 500 crores, estimated national income of the economy.

Option 1: Rs.94500 crore

Option 2: Rs.95000 crore

Option 3: Rs. 101000 crore

Option 4: None of the above.

Question : The net domestic product at the market price of an economy is INR 3500 crores. The capital stock is worth INR 3000 crores and it depreciates at the rate of 10% per annum. Indirect taxes amount to INR 50 crores, subsidies amount to INR 10 crores, factor income from the rest of the world is INR 300 crores, and to the rest of the world is INR 500 crores. Find out the gross national product at factor cost.

Option 1: 3670

Option 2: 3760

Option 3: 3570

Option 4: 3530

Question : Which of the following formulas is correct for Gross Value Added(GVA)?

Option 1: (GVA) = Gross National Product – Subsidies + Taxes

Option 2: GVA= Gross Domestic Product – Subsidies + Taxes

Option 3: GVA = Gross National Product + Subsidies – Taxes

Option 4: GVA = Gross Domestic Product + Subsidies – Taxes

Question : GNP_MP  of an imaginary economy is INR 120000 crore and its capital stock worth INR 300000 crore. If capital stock depreciation is @ 20% per annum, indirect taxes amount to INR 30000 crore, and subsidies are 15000 crores. What is the national income?

Option 1: 56000

Option 2: 45000

Option 3: 52000

Option 4: 57000

Question : Calculate the GDP at Factor Cost given in the following data. GDP at market price = 600 crores Consumption of fixed capital = 100 crores Indirect taxes = 200 crores Subsidies = 50 crores.

Option 1: 350 crores

Option 2: 850 crores

Option 3: 950 crores

Option 4: 450 crores

Question : If market price is less then factor cost, it means that:

Option 1: Indirect taxes > Subsidies.

Option 2: Indirect taxes = Subsidies.

Option 3: Indirect taxes < Subsidies.

Option 4: None of the above.