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?
Answer & explanation
Correct answer: option 3
The correct answer is option 3: ₹13000
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