Match List-I with List-II
| List-I | List-II | ||
| (A) | GDPMP - NIT | (I) | NNPMP |
| (B) | GNPMP - NFIA | (II) | GDPMP |
| (C) | NDPMP + NFIA | (III) | NNPFC |
| (D) | NDPFC + NFIA | (IV) | GDPFC |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A)-(IV), (B)-(II), (C)-(I), (D)-(III)
Two steps decide every pair. Taking out net indirect taxes (NIT) moves a measure from market price (MP) to factor cost (FC). Adding net factor income from abroad (NFIA) moves it from domestic to national, and taking NFIA out does the reverse.
| List-I | List-II | Reason |
|---|---|---|
| (A) GDPMP - NIT | (IV) GDPFC | Taking out NIT changes market price to factor cost. The measure stays gross and domestic. |
| (B) GNPMP - NFIA | (II) GDPMP | Taking out NFIA changes national to domestic. Since GNPMP = GDPMP + NFIA, this leaves GDPMP. |
| (C) NDPMP + NFIA | (I) NNPMP | Adding NFIA changes domestic to national. The measure stays net and at market price. |
| (D) NDPFC + NFIA | (III) NNPFC | Adding NFIA again changes domestic to national. The measure stays net and at factor cost. |
NCERT (2026-27): Introductory Macroeconomics — Chapter 2: National Income Accounting, Table 2.4: Basic National Income Aggregates
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