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National Income · UPSC CDS/OTA · Question 36 of 66

National Income: GDP at market prices equals

Step-by-step solution. National Income for UPSC CDS/OTA.

Topic
National Income
Subject
General Studies
Difficulty
Moderate
Solve Time
45-60 sec

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
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GDP at market prices equals - National Income (General Studies) Solved Question