National Income at factor cost is equal to

Check All Courses

Question

National Income at factor cost is equal to

Options:

A . Net National Product – Direct taxes + Subsidies

B . Net National Product – Indirect taxes + Subsidies

C . Gross National Product – Depreciation charges

D . Net National Product + Net income from abroad

Answer: Option B
Answer: (b)
Factor cost or national income by type of income is a measure of national income or output based on the cost of factors of production, instead of market prices.
This allows the effect of any subsidy or indirect tax to be removed from the final measure.

Was this answer helpful ?

Next Question

Submit Comment/FeedBack

More Questions on This Topic :

Question 1. Consider the following in regard to the reason for the persistence of inflation according to the Economic Survey 2012-13....in input prices. Which of the statements given above are correct?

Question 2. Which of the following will not contribute to a higher current account deficit? Increase in price of crude oil Rise ....of services Choose the correct answer using the codes given below:

Question 3. The Reserve Bank of India was nationalised in the year ....

Question 4. What is MUDRA? ....

Question 5. “Jeevan Aastha” –– a scheme relating to investment and saving, was launched during 2008– 0....to investment and saving, was launched during 2008– 09, by

Question 6. What does term ‘Green shoots’ represent in an Economy? ....

Question 7. Which Indian private sector company has the largest sales turnover? ....

Question 8. The Employment Guarntee Scheme, which is now an important component of the NCMP, was first introduced in which State ? ....of the NCMP, was first introduced in which State ?

Question 9. Consider the following statements : Higher growth in GDP and population can occur together. Per capita income always dec....population growth. Which of the statements given above is/are correct?

Question 10. One of the reasons for India’s occupational structure remaining more or less the same over the years has been that....

Latest Videos

Chapter 1 - GLOBAL STEEL SCENARIO & INDI Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Latest Test Papers

Chapter 3.1 : Overview of Finance & Acco Chapter 3 : Finance & Accounts SAIL E0 - GFM 2024

Chapter 2.1 : Overview Chapter 2 : Materials Management SAIL E0 - GFM 2024

Chapter 1.1 : Personnel Functions- An ov Chapter 1 : Personnel Management SAIL E0 - GFM 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024