National Income means:

Practice MCQ for SSC, UPSC, RRB Exams

A. Gross National Product at Factor Cost A.

B. Gross National Product at Market Price B.

C. Net National Product at Factor Cost C.

D. Net National Product at Market Price D.

Correct Answer: C সঠিক উত্তর: C

Explanation ব্যাখ্যা

Net National Product (NNP) at factor cost is the total value of final goods and services produced in an economy, including net income from abroad. It's calculated at the cost of using resources in production, and it excludes the effects of indirect taxes and subsidies. This provides a clear picture of an economy's resources' actual earnings.
Calculation:
NNP at factor cost is the sum of value added at factor cost, net domestic product at factor cost, and net factor income from abroad.

Practice MCQ for SSC, UPSC, RRB Exams

Correct Answer: C সঠিক উত্তর: C

Explanation ব্যাখ্যা

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