Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

Which of the following is also known as "National Income"?

Options:

NNPMP 

GDPFC

GDPMP

NNPFC

Correct Answer:

NNPFC

Explanation:

NNP at factor cost is the sum of income earned by all factors in the production in the form of wages, profits, rent and interest, etc., belonging to a country during a year. It is also known as "National Income".