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Question
Find Net National Product at Market Price. (3)
| S.no. | Contents | (Rs. in Crores) |
| (i) | Personal Taxes | 200 |
| (ii) | Wages and Salaries | 1,200 |
| (iii) | Undistributed Profit | 50 |
| (iv) | Rent | 300 |
| (v) | Corporate Tax | 200 |
| (vi) | Personal Income | 2,000 |
| (vii) | Interest | 400 |
| (viii) | Net Indirect Tax | 300 |
| (ix) | Net Factor 'Income from Abroad | 20 |
| (x) | Profit | 500 |
| (xi) | Social Security Contribution by Employers | 250 |
Options
Rs. 2,970 crores
Rs. 2,870 crores
Rs. 2,070 crores.
Rs. 2,170 crores
MCQ
Solution
Rs. 2,970 crores
Explanation:
NNPmp = Wages and Salaries + Social Security is the formula for calculating the Net National Product at Market Price. Employer contributions + rent + interest + Profit + Net Foreign Factor Income + Net Taxation that is imposed indirectly.
= 1,200 + 250 + 300 + 400 + 500 + 20 t 300
= Rs. 2,970 crores.
We add a net factor to achieve a national product. income from overseas and nationalisation. We apply net indirect taxes to the goods at market prices.
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Aggregates Related to National Income - Net National Product (NNP)
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