Based on following paragraph answer the question :

Calculate the value of National Income :

₹21,800/-

The correct answer is option (4) : ₹21,800/-

National income is computed by summing up the rent of a land, salaries of employees and wages, interest on capital, surplus profits of entrepreneurs (including unallocated corporate profits), and earnings of self-employed people.

NDP_FC = Compensation of Employees + Profit + Rent & Royalty + Interest + Mixed income. The last step of calculating National Income through the Income Method is the estimation of Net Factor Income from Abroad(NFIA). NFIA is added to domestic income (NDP_FC) to get the National Income(NNP_FC)

NNP_FC = Wages and salaries in cash + Wages and salaries in kind + Mixed Income of self employed + Rent + Employer's contribution to social security schemes + Corporate savings + Dividend + Corporate Profit Tax + NFIA

NNP_FC = 5,000 + 2,000 + 3,500 + 4,000 + 3,000 + 1,500 + 1,000 + 2,000 -200

          = Rs 21, 800

Note 1: Employees Contribution to provident fund is not included in National Income. Social security contribution by employer is only included in the income method of national income.

Note 2: Corporate profits = Corporate savings + Dividend + Corporate Profit Tax. In this question we are not given corporate profits separately. Thus, we have to add corporate tax paid by the company to arrive at the profit of the company for calculating NI.