Solved UPSC CDS/OTA Question
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Q · National IncomeMedium · 45s
Consider the following statements regarding National Income: 1. Net National Product at Factor Cost is also known as National Income. 2. National Income includes transfer payments like old-age pensions. Which of the above is/are correct?
TopicNational Income
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Q 1 / 66Next question →
Step-by-Step Solution
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NNP at factor cost is National Income. Transfer payments are not included because they do not arise from productive activity.
Final Answer: Option A - 1 only