Which of the following is a correct statement?

Question

Which of the following is a correct statement?

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Question (English)

Which of the following is a correct statement?

  1. National Income is NNP at FC. ✓ Correct
  2. National Income is GDP at MP.
  3. National Income is GNP at FC.
  4. National Income is NDP at MP.
Explanation:

The correct statement is: National Income is NNP at FC.

  • National Income is defined as the Net National Product at Factor Cost ($NNP_{FC}$).
  • It represents the total income earned by the normal residents of a country, including wages, rent, interest, and profit, within a specific period (usually a year).
  • Formula: $$NNP_{FC} = GNP_{MP} - \text{Depreciation} - \text{Net Indirect Taxes}$$
  • Other terms like GDP at MP (Market Price) include taxes and depreciation, which do not represent the pure income accruing to factors of production.

प्रश्न (हिंदी)

निम्नलिखित में से कौन सा कथन सही है?

  1. राष्ट्रीय आय FC पर NNP है।
  2. राष्ट्रीय आय MP पर GDP है।
  3. राष्ट्रीय आय FC पर GNP है।
  4. राष्ट्रीय आय MP पर NDP है।
स्पष्टीकरण:

सही कथन है: राष्ट्रीय आय FC पर NNP है

  • राष्ट्रीय आय (National Income) को तकनीकी रूप से साधन लागत पर शुद्ध राष्ट्रीय उत्पाद ($NNP_{FC}$) के रूप में परिभाषित किया जाता है।
  • FC का अर्थ है 'Factor Cost' (साधन लागत) और NNP का अर्थ है 'Net National Product'।
  • यह एक वर्ष के दौरान देश के सामान्य निवासियों द्वारा अर्जित कुल आय (वेतन, लगान, ब्याज और लाभ) को दर्शाता है।
  • सूत्र: $$NNP_{FC} = GNP_{MP} - \text{मूल्यह्रास (Depreciation)} - \text{शुद्ध अप्रत्यक्ष कर (Net Indirect Taxes)}$$

📚 About this Topic — General Awareness

This multiple choice question is from General Awareness, General Awareness (2024), General Awareness (2024)-10, SSC CGL Tier-1 (PYQs). It has 4 options with a detailed explanation of the correct answer and is available in both English and Hindi (द्विभाषी). Practice more MCQs from General Awareness to strengthen your preparation.

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