Solved UPSC CDS/OTA Question
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Q · National IncomeModerate · 45s
GDP at market prices equals:
TopicNational Income
Question Typemultiple choice
DifficultyModerate
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
Market price = factor cost + net indirect taxes (indirect taxes − subsidies). B mixes measures; C incorrect direction; D may be true but does not define the relation to factor cost.
Final Answer: Option A - GDP at factor cost + Indirect taxes − Subsidies