BPSC CCE Prelims
National Income Concepts Previous Year Questions (PYQs)
Practice solved questions for National Income Concepts with detailed step-by-step solutions, key insights, and trend analysis for BPSC CCE PRELIMS.
Solved Previous Year Questions
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NNP at factor cost is equal to
Detailed Explanation:
NNP at Factor Cost is calculated by removing depreciation and net indirect taxes from GNP at Market Price.
NNPFC = GNPMP - Depreciation - Net Indirect Taxes, which represents the actual income earned by factors of production (land, labour, capital, entrepreneurship) and is called National Income.
✅ Option 4 – Correct: NNP at Factor Cost = National Income by definition in national income accounting.
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