Statement 1: NDP at FC is also known as Domestic Income
Statement 1: NDP at FC is also known as Domestic Income.
Statement 2: NDP at FC is less than NNP at FC when net factor income from abroad is positive.
Alternatives:
(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A).
(c) Assertion (A) is True but Reason (R) is False.
(d) Assertion (A) is False but Reason (R) is True.
Anurag Pathak Changed status to publish December 7, 2023
Ans – (a)
Statement 1 is true NDP at Fc (Net Domestic Product at Factor Cost) is also known as Domestic Income.
Statement 2 is true as NDP at FC is less than NNP at FC when net factor income from abroad is positive.
For Example
NDP at FC = ₹ 200 Crores
NFIA = ₹ 50 Crores
NNP at FC = NDP at FC + NFIA
NNP at FC = ₹ 200 + ₹ 50
NNP at FC ₹ 250 Crores
NNP at FC > NDP at FC
Anurag Pathak Changed status to publish December 7, 2023
