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    • Question : Complete the following. GNPFC = GNPMP - ? Option 1: NFIA Option 2: NIT Option 3: Subsidies Option 4: Indirect taxes
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    Question : Complete the following.

    GNPFC = GNPMP - ?

    Option 1: NFIA

    Option 2: NIT

    Option 3: Subsidies

    Option 4: Indirect taxes

    Team Careers360 16th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 23rd Jan, 2024

    Correct Answer: NIT


    Solution :

    GNP FC = GNP MP - NIT
    The difference between factor cost and market price is net indirect taxes.
    Hence, Option B is correct.
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