Analyse the information given below , and answer the questions
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From the above information, calculate $NNP_{MP}$ is : |
₹724 crores ₹800 crores ₹750 crores ₹862 crores |
₹800 crores |
The correct answer is option (2) : ₹800 crores Step 1: Calculate $NDP_{FC}$ : NDPFC is the sum of all incomes earned within the domestic economy (Rent, Profits, Interest, Mixed Income, Wages and salaries, Employers' contribution to social security schemes). $NDP_{FC}$ =Rent+Profits+Interest+Mixed Income+Wages and salaries+ Employers' contribution to social security schemes $NDP_{FC}$ = 100+225+40+150+200+50=765 crores Step 2: Calculate $NNP_{FC}$ to adjust for Net Factor Income from Abroad (NFIA) $NNP_{FC}$ = $NDP_{FC}$ + NFIA = 765-3 = 762 Crores Step 3: Convert $NNP_{FC}$ to $NNP_{MP}$: $NNP_{MP}$ is calculated by adding Net Indirect Taxes to $NNP_{FC}$ . Net Indirect Taxes = Indirect Taxes - Subsidies. $NNP_{MP}$ = $NNP_{FC}$ + Net Indirect Taxes = 762 + 38 = 800 Cr |