The 'Net National Product at factor cost' equals GNP at factor cost minus: MCQ with Answer and Explanation

Question

Share Report Error

The 'Net National Product at factor cost' equals GNP at factor cost minus:

A. subsidies

B. net factor income from abroad

C. indirect taxes

D. depreciation

Answer: Option D

Solution (By JKSSB Mock Tests)

NNP at factor cost = GNP at factor cost - depreciation.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Labour productivity is measured as:

A. capital divided by labour

B. output per unit of labour input

C. total population divided by labour force

D. wages divided by profit

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Labour productivity is output per unit of labour input.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Income Tax Assessment' in India is done by:

A. RBI

B. SEBI

C. Income Tax Department

D. NITI Aayog

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Income Tax assessment is done by the Income Tax Department.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Food Security Act' provides legal entitlement to subsidized food grains to:

A. all citizens

B. only urban poor

C. covered households under priority and Antyodaya categories

D. only farmers

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
NFSA provides subsidized food grains to priority households and Antyodaya Anna Yojana households.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs