Solved UPSC CDS/OTA Question
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Q · National IncomeModerate · 45s
Value Added at basic prices excludes which item?
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.
Basic prices exclude product taxes but include production taxes; intermediate consumption is subtracted to get value added.
Final Answer: Option C - Product taxes (like GST)