Net Domestic Product at market prices equals GDP at market prices minus: MCQ with Answer and Explanation

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Net Domestic Product at market prices equals GDP at market prices minus:

A. subsidies

B. indirect taxes

C. net factor income from abroad

D. depreciation

Answer: Option D

Solution (By JKSSB Mock Tests)

NDP is obtained by deducting depreciation from GDP.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'NACH' system is used for:

A. foreign exchange trading

B. cryptocurrency

C. stock trading

D. bulk payments such as subsidies and salary credits

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Correct Answer: Option D

Explanation:
NACH is used for bulk electronic payments.

This question belongs to: Economy GK Economy Set 1

Question #2

If nominal GDP is Rs 12,500 crore and real GDP is Rs 10,000 crore, the GDP deflator is:

A. 125

B. 100

C. 80

D. 150

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Correct Answer: Option A

Explanation:
GDP deflator = (12500/10000) × 100 = 125.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Monetary Fund' Extended Fund Facility provides:

A. short-term loans

B. medium-term support for structural balance of payments problems

C. grants to all countries

D. only technical assistance

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Correct Answer: Option B

Explanation:
The Extended Fund Facility provides medium-term support for countries with structural BoP problems.

This question belongs to: Economy GK Economy Set 1

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