Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

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 subsidies?

Options:

₹12,000

₹15000

₹13000

₹14000

Correct Answer:

₹13000

Explanation:

Net Indirect Taxes= Indirect taxes – Subsidies
₹1,000 = ₹ 14,000 – Subsidies
Subsidies = ₹ 14,000 - ₹ 1,000
Subsidies = ₹ 13,000

**Note**

GNPMP = GNPFC + Net Indirect Taxes

1,06,000 = 1,05,000 + Net Indirect Taxes

Net Indirect Taxes = 1,000