The 'national income' can be expressed as NNP at factor cost, which equals NNP at market prices minus: MCQ with Answer and Explanation

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The 'national income' can be expressed as NNP at factor cost, which equals NNP at market prices minus:

A. indirect taxes plus subsidies

B. subsidies

C. depreciation

D. direct taxes

Answer: Option A

Solution (By JKSSB Mock Tests)

NNP at factor cost = NNP at market prices - indirect taxes + subsidies.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'World Economic Outlook' is published by:

A. IMF

B. World Bank

C. OECD

D. UNCTAD

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Correct Answer: Option A

Explanation:
The World Economic Outlook is published by the IMF.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Hydrogen Mission' aims to promote:

A. biofuel only

B. coal energy

C. green hydrogen production and use

D. nuclear energy

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Correct Answer: Option C

Explanation:
The National Hydrogen Mission promotes green hydrogen.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Smart Grid Mission' aims to:

A. build roads

B. modernize the power grid

C. provide housing

D. promote tourism

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Correct Answer: Option B

Explanation:
The National Smart Grid Mission aims to modernize the electricity grid.

This question belongs to: Economy GK Economy Set 1

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