Consider the following data relating to the financial year 2021-2022 and answer the following questions based on this data.

What is the value of net indirect taxes?

₹1,000

The correct answer is option 2: ₹1,000

GNP_FC = GNP_MP  - Net Indirect Taxes or

GNP_MP = GNP_FC +Net Indirect Taxes or

Net Indirect Taxes= GNP_MP - GNP_FC

Net Indirect Taxes =₹1,06,000 - ₹1,05,000

                           = ₹ 1,000