What is the domestic income if national income is Rs.10,000 crore and net factor income from abroad is Rs.2,000 crore?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4. i.e. Rs.8,000 crore .
- Net Domestic Product at Factor Cost (NDPFC) refers to net money value of all the final goods and services produced within the domestic territory of a country during a period of one year.
- NDPFC = GDPMP – Depreciation – Net Indirect Tax(NIT)