Question : What is the basic difference in the aggregates at market price and factor cost?

Option 1: Depreciation

Option 2: Indirect taxes

Option 3: Net indirect taxes

Option 4: Direct taxes

Question : In the estimation of national income, which of the following items will be subtracted from Net national product (NNP) at market price?

Option 1: Depreciation

Option 2: Net product taxes and net production taxes

Option 3: Net indirect taxes

Option 4: Depreciation and net product taxes

Question : __________________ is the price for which product is actually sold in the market. 

Option 1: Factor cost

Option 2: Market price

Option 3: Net factor income paid to abroad

Option 4: Net factor income from abroad.

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.

Question : NNP at FC= GNP at MP - Depreciation - ___________________.

Option 1: Net factor income from abroad

Option 2: Net indirect taxes

Option 3: Indirect taxes

Option 4: Subsidies