Suppose the GDP at market price of a country in a particular year was ₹ 2,100 crores. Net Factor Income from abroad was ₹ 200 crores. The value of Indirect Taxes net of subsidies was ₹ 100 crores and national income was ₹ 1,900 crores. The aggregate value of depreciation in the economy will be :
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → ₹ 300 crores
Given:
GDPMP = ₹ 2,100 crores
Net factor income from abroad (NFIA) = ₹ 200 crores
Net indirect taxes (NIT) = ₹ 100 crores
National income (NNPFC) = ₹ 1,900 crores
National income is NNP at factor cost. Start from GDPMP, take each step, and leave depreciation (D) as the unknown:
Gross national product at market price, GNPMP = GDPMP + NFIA
GNPMP = 2,100 + 200 = ₹ 2,300 crores
GNPFC = GNPMP − NIT
GNPFC = 2,300 − 100 = ₹ 2,200 crores
NNPFC = GNPFC − D
1,900 = 2,200 − D
D = 2,200 − 1,900 = ₹ 300 crores
Note: A same/similar question was asked in CUET (UG) in the papers below.
| 2026 | 2025 | 2024 | 2023 | 2022 |
| – | – | – | 02-06 S3* 17-06 S3 | – |
* A similar question.
NCERT (2026-27): Introductory Macroeconomics — Chapter 2: National Income Accounting
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