National Income · UPSC CDS/OTA · Question 20 of 30

National Income – Question 20

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

Topic
National Income
Subject
General Studies
Difficulty
Medium
Solve Time
45–60 sec

Solved UPSC CDS/OTA Question

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Q · National IncomeMedium · 45s

Which one is included in the factor cost but not in the market price?

TopicNational Income
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained — no skipped algebra.

Factor cost = Market price − Net Indirect Taxes (which is Indirect Taxes − Subsidies).

Final Answer: Option B — Subsidies
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National Income Question 20 – UPSC CDS/OTA