If the National income of a country is ₹4000 million, the consumption of fixed capital is ₹200 million, Gross national product at market price is ₹5000 million and subsidies are ₹100 million, what will be the amount of Indirect taxes?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → ₹900 million
$GNP (mp)=NNPfc+Depreciation+Indirect Taxes−Subsidies
5000=4000+200+Indirect Taxes−100
Indirect Taxes = 900