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National product at factor cost is equal to

A) Domestic product + Net factor income from abroad
B) National product at market prices - Indirect taxes + Subsidies
C) Gross domestic product - Depreciation
D) National product at market prices + Indirect taxes + Subsidies

Correct Answer:


B) National product at market prices - Indirect taxes + Subsidies

Part of solved Nature of Indian Economy questions and answers : General Knowledge >> Economy >> Nature of Indian Economy

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Similar Questions

1). Which one of the following pairs of age is used as the minimum and maximum values of age to determine the life expectancy at the birth by UNDP?

A). 15 and 75 years

B). 20 and 80 years

C). 15 and 90 years

D). 25 and 85 years

2). Consider the following statements.
1. Agricultural sector is continued to be the primary employment providing sector of India.
2. Service sector is the principal source of employment in urban areas in India.
Which of the statements given above is/are correct?

A). Only 1

B). Only 2

C). Both 1 and 2

D). Neither 1 nor 2

3). When two goods are completely interchangeable, they are

A). Perfect substitutes

B). Perfect complements

C). Giffen goods

D). Veblen goods

4). Consider the following
1. Hotels and restaurants
2. Motor transport undertakings
3. Newspaper establishments
4. Private medical institutions
The employees of which of the above can have the 'Social Security coverage under Employees' State Insurance Scheme?

A). 1, 2, 3 and 4

B). 1, 2 and 3

C). 2 and 3

D). 3 and 4

5). Which of the following statements is/are false?
1. Wage Boards are tripartite in nature with representatives from workers to employers.
2. Except for the Wage Boards for Journalists and Non Journalists, all the other wage boards are statutory in nature.
3. Second National Commission on Labour has recommended against the utility of wage boards.
Select the correct answer using the codes given below

A). Only 1

B). Only 2

C). 1 and 2

D). 1, 2 and 3

6). Which one of the following indicators is not used in the determination of Gender Development Index (GDI) in the Human Development Report (HDR)?

A). Life expectancy of female

B). Female adult literacy and gross enrollment

C). Female political empowerment

D). Female per capita income

7). With reference to the Finance Commission of India, which of the following statements is correct?

A). It encourages the inflow of foreign capital for infrastructure development.

B). It facilitates the proper distribution or finance among the public sector undertakings.

C). It ensures transparency in financial administration.

D). None of the above

8). When development in an economy takes place, the share of tertiary sector in National Income

A). first falls and then rises

B). first rises and then falls

C). keeps increasing

D). remains constant

9). Consider the following features
1. Pre-dominance of agriculture
2. Pre-dominance of industry
3. Low per capita income
4. Massive unemployment
Which of the features given above are the characteristics of Indian Economy?

A). 1, 2, 3 and 4

B). 1, 2 and 3

C). 1, 2 and 4

D). 1, 3 and 4

10). In 1980s, Indian economy was in the process of the Hindu rate of growth. Which one of the following is associated with the Hindu rate of growth?

A). Population growth rate

B). Growth rate of Naxalism

C). Growth rate of foodgrain production

D). Growth rate of Gross Domestic Product