Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

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?

Options:

₹3700 million

₹800 million

₹900 million

₹1000 million

Correct Answer:

₹900 million

Explanation:

The correct answer is Option (3) → â‚¹900 million

$GNP (mp)=NNPfc​+Depreciation+Indirect TaxesSubsidies

5000=4000+200+Indirect Taxes100

Indirect Taxes = 900