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State any two precautions to be adopted while estimating National Income by Expenditure Method. Distinguish between 'Final goods' and 'Intermediate goods'.
Estimate the missing values (?), if the value of Gross Domestic Product at factor cost (GDP_FC) by Expenditure Method and Income Method is Rs. 920 crore :
State any two precautions to be adopted while estimating National Income by Value Added Method. State any two precautions to be adopted while estimating National Income by Income Method.
When does Net Factor Income from Abroad (NFIA) shows Negative Value ? State the meaning of retained earning.
Distinguish between Consumption goods and Capital goods. Giving valid reasons, classify the following into stock and flow variables : (i) Population of India as on 31st March, 2021 (ii) Domestic Income of Indian Economy during the fiscal year 2020 – 21
Distinguish between Factor Income and Transfer Income. Distinguish between Domestic Income and National Income.
(I) From the following data, calculate the value of operating surplus : (II) Distinguish between 'Fixed Investment' and 'Inventory Investment'. (I) From the following data, calculate the value of compensation of employees (COE) : (II) Distinguish between stock and flow variables.
Distinguish between Factor Cost and Market Price. Distinguish between Factor Income and Transfer Income.
(I) From the following data, calculate the value of operating surplus : (II) Distinguish between 'Fixed Investment' and 'Inventory Investment'. (I) From the following data, calculate the value of compensation of employees (COE) : (II) Distinguish between Real Gross Domestic Product (GDP) and Nominal Gross Domestic Product (GDP).
Distinguish between Consumption goods and Capital goods. Distinguish between net export and net factor income from abroad.
(I) From the following, calculate the value of net domestic product at factor cost : (II) Distinguish between final goods and inter mediate goods. (I) From the following data, calculate the value of compensation of employees (COE) : (II) Distinguish between 'Fixed Investment' and 'Inventory Investment'.
The difference between National Income at market price and National Income at factor cost is ________. (Choose the correct alternative to fill up the blank)
Identify which of the following represents only the real flow :
(a) "National Income is always greater than Domestic Income." Do you agree with the given statement ? Support your answer with a valid reason. (b) "In the estimation of Gross Domestic Product (GDP) using expenditure method, focus lies only on expenditure by the residents of the country." Do you agree with the given statement ? Give valid reasons for your answer.
Read the following statements carefully : Statement 1 : Gross Domestic Product (GDP) is the sum total of the gross market value of all the final goods and services added by all the sectors in the economy during a fiscal year. Statement 2 : Gross Value Added at Market Price (GVA_MP) is equal to the excess of value of output over intermediate consumption. In the light of the given statements, choose the correct alternative from the following :
On the basis of the figure given below, identify the type of flow indicated by B and D : (Choose the correct alternative) Alternatives :
On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at factor cost (NDP_FC) :
On the basis of the figure given below, identify the type of flow indicated by B and D : (Choose the correct alternative) (Circular flow diagram between Firms and Households: outer loop labelled 'Spending' with arrow A and arrow B; inner loop labelled 'Goods and Services'; lower inner loop labelled 'Factor Payments' with arrow C and lower outer loop labelled 'Factor Services' with arrow D.) Alternatives :
On the basis of the data given below for an imaginary economy, estimate the Net Domestic Product at Factor Cost (NDP_FC) :
On the basis of the figure given below, identify the type of flow indicated by B and D : (Choose the correct alternative) (Circular flow diagram between 'Firms' and 'Households'; outer loop labelled 'Spending' with arrow A and inner loop 'Goods and Services' with arrow B; lower loops labelled 'Factor Payments' with arrow C and 'Factor Services' with arrow D.) Alternatives :
On the basis of the data given below for an imaginary economy, estimate the value of Gross National Product at Market price (GNP_MP) :
Read the following statements carefully : Statement 1 : Stock variables are measured at a point of time. Statement 2 : Flow variables and stock variables are same. In light of the given statements, choose the correct alternative from the following :
Identify, flow variable from the following : (Choose the correct alternative)
Discuss briefly the three components of 'operating surplus'. Defend or refute the following statement, with valid argument : "Depreciation is fall in the value of an asset due to unexpected obsolescence".
Suppose, the Gross Domestic Product (GDP) at market price of a country in a particular year was Rs. 1,100 crore. Net Factor Income from abroad was Rs. 100 crore. The value of Net Indirect Taxes was Rs. 150 crore and the National Income was Rs. 850 crore. Calculate the value of depreciation for the economy.
(a) "Machine purchased by a firm is always a capital good." Do you agree with the given statement ? Give valid reasons for your answer. (b) Define the following : (i) Net Exports (ii) Externalities (iii) Problem of Double Counting
Suppose the Gross Domestic Product (GDP) at market price of a country in a particular year was Rs. 1,200 crore. Net Factor Income from Abroad was Rs. 120 crore. The value of Net Indirect Taxes was Rs. 130 crore and the National Income was Rs. 950 crore. Calculate the value of depreciation for the economy.
State the meanings of : (a) Economic territory (b) Mixed income of self-employed (c) Compensation of employees
Suppose the Gross Domestic Product (GDP) at market price of a country in a particular year was Rs. 1,500 crore. Net Factor Income from Abroad was Rs. 100 crore. The value of Net Indirect Taxes was Rs. 180 crore and the National Income was Rs. 1,050 crore. Calculate the value of depreciation for the economy.
State the meaning of : (a) Problem of Double Counting (b) Operating Surplus (c) Compensation of Employees
From the statements given in Column I and Column II, choose the correct pair. Alternatives :
Complete the table : Alternatives :
(I) How should the following be treated in estimating National Income of a Country ? Give valid reasons. (i) Profits earned by Foreign Banks in India. (ii) Expenditure on upgradation of fixed asset by a firm. (II) Suppose in a financial year, the Gross Domestic Product (GDP) at market price of a country was Rs. 1,100 crore. Net factor income from Abroad was Rs. 100 crore, the net indirect taxes was Rs. 150 crore and National income was Rs. 850 crore. Calculate the value of depreciation, on the basis of above information. (I) "While estimating Gross Domestic Product (GDP) by expenditure method, entire focus is on expenditures incurred by the residents of the country." Do you agree with the given statement ? Give valid reason in support of your answer. (II) Calculate the value of Domestic Income from the following data :
(I) Suppose in a financial year, the Gross Domestic Product (GDP) at market price of a country was Rs. 1,100 crore. Net factor income from Abroad was Rs. 100 crore, the net indirect taxes was Rs. 150 crore and National income was Rs. 850 crore. Calculate the value of depreciation, on the basis of above information. (II) "While estimating Gross Domestic Product (GDP) by expenditure method, entire focus is on expenditures incurred by the residents of the country." Do you agree with the given statement ? Give valid reason in support of your answer. (I) How should the following be treated in estimating National Income of a Country ? Give valid reasons. (i) Profits earned by Foreign Banks in India. (ii) Expenditure on upgradation of fixed asset by a firm. (II) Calculate the value of Domestic Income from the following data :
Identify the correct equation from the following :
Read the following statements carefully : Statement 1 : Economic territory and political frontier of a nation are one and the same thing. Statement 2 : American Embassy in India is a part of the economic territory of India. In the light of the given statements, choose the correct alternative from the following :
On the basis of the data given below, estimate the value of Gross National Product at Factor Cost (GNP_FC) :
Identify which of the following statements is incorrect with reference to an economy.
On the basis of the given data, estimate the value of National Income : State any three precautions to be taken while estimating national income by Value Added method.
Identify, which of the following is not considered as 'Normal Resident' of India ?
Calculate Net Value Added at Factor Cost (NVA_FC) from the following data : From the following data, estimate the value of Net Indirect Taxes :
From the items given in Column-I and Column-II, choose the correct pair.
"Saksham owns a manufacturing facility where microchips are utilized in the production of electronic devices, including computers and smartphones." From the above text, identify whether the given statement refers to an intermediate goods or final goods. Give valid reason in support of your answer. Calculate the value of Net Value Added at Factor Cost (NVA_FC) :
(i) Explain any two precautions to be adopted while estimating National income by Income method. (ii) "Higher Gross Domestic Product (GDP) always means higher per capita availability of goods in the economy." Defend or refute the given statement as the index of welfare of the people of that country. (i) Distinguish between factor income and transfer income with suitable examples. (ii) Explain the components of 'Profit' as per Income Method of estimating National Income (NNP_FC).
"All consumption goods are durable in nature." Defend or refute the given statement with the help of a suitable example.
To arrive at the value of Gross Value Added at Factor Cost (GVA_FC), __________ must be __________ to/from Gross Value Added at Market Price (GVA_MP). (Choose the correct option to fill in the blanks)
To arrive at the value of Gross Value Added at Factor Cost (GVA_FC), ___________ must be __________ to/from Gross Value Added at Market Price (GVA_MP). (Choose the correct option to fill in the blanks)
To arrive at the value of Net Value Added at Market Price (NVA_MP), ________ must be ________ to/from Gross Value Added at Market Price (GVA_MP). (Choose the correct option to fill in the blanks)
Identify, which of the following items will not be included in estimating National Income of India. (Choose the correct option)
Calculate Domestic Income (NDP_FC) from the data given below : Define Net Factor Income from Abroad (NFIA) and discuss its components.
(i) "Domestic income is always less than national income." Do you agree with the given statement ? Support your answer with valid arguments. (ii) Distinguish between positive externalities and negative externalities with suitable examples. (i) "In a two-sector economy, consumption expenditure by households is always equal to aggregate expenditure on goods and services produced by the firms." Do you agree with the given statement ? Support your answer with valid explanation. (ii) "Problem of Double Counting leads to overestimation of output in an economy." Justify the given statement with the help of suitable example.
Read the following statements carefully : Statement 1 : Final goods are those goods which normally lose their identity in the production process. Statement 2 : Final goods may get transformed during the consumption process by a consumer. (Choose the correct option)
Two friends, Devanshi and Harshit, were discussing whether prize money from lottery winnings, should be included in India's National income. Harshit was of the view that it should be included, while Devanshi did not agree with him. As their Economics teacher, guide them with correct treatment of the same with valid argument. Meera and Shahid are two classmates, who were comparing India's economic growth over the years. Meera referred to the increase in Gross Domestic Product (GDP) at current prices prevailing in market, while Sahid insisted on considering GDP after adjusting for inflation. Their debate on which of the two measures gives a true picture of people's well-being, remained inconclusive. Considering the above mentioned situation, elaborate with valid reason, which of the two variables is considered a better indicator of welfare and why ?
Ms. Reeta D'Costa, retired from the post of Income Tax Commissioner in the year 2023. Apart from her pension, she also receives the following from various sources : - Rental income from a flat she owns. - Interest income from her fixed deposits. - Money sent by her children settled abroad. Identify and classify, her monthly incomes into 'factor income' and 'transfer income', with valid reasons. For a hypothetical economy, assuming there are only two firm (X and Y) with equal values of Gross Value Added (GVA). On the basis of the following data, estimate the values of Domestic Sales by firm X :
Income generated from Aircrafts of Air India operating between Canada and England would be added to the domestic income (NDP_FC) of ________. (Choose the correct option to fill in the blank)
Read the following Flow chart carefully and choose the correct option :
Read the following text carefully : "A country's total National Income (NI) at the end of the year is Rs. 80,000 crore. During the same year, the Gross Domestic Product (GDP) increased by Rs. 10,000 crore. The depreciation on capital goods was Rs. 2,000 crore and National savings at the end of year is Rs. 15,000 crore. Additionally, country invested Rs. 8,000 crore in new capital goods industries." In the light of above text, categorise the items as `stock' or `flow' variables with valid arguments. The value of Nominal Gross National Product (GNP) of an economy was Rs. 2,500 crore in a particular year. The value of Gross National Product (GNP) of that country during the same year, estimated at the prices of base year was Rs. 3,000 crore. (i) Estimate the value of Gross National Product (GNP) deflator (in percentage). (ii) "The price level has risen between the base year and the year under consideration." Defend or refute the statement with suitable argument.
Read the following Flow chart carefully and choose the correct option : Flow chart : `Goods' branches into `Final Goods' and `Intermediate Goods'. `Final Goods' further branches into `Consumption Goods' and `________' (blank box to be identified).
Identify the variable(s) which may add to the future productive capacity of an economy : I. Raw material II. Fixed investment III. Inventories with producers (Choose the correct option)
State the meaning and any two components of Gross Domestic Capital formation. "It is not the nature of a good, rather the economic nature of its use, which determines whether it is a final good or not." Justify the given statement with valid arguments.
Calculate the values of Operating Surplus and Gross Domestic Product at Market Price (GDP_MP) from the following data : (i) Distinguish between Real Gross Domestic Product and Nominal Gross Domestic Product using a numerical example. (ii) Define the concept of 'Externalities'.
(i) "If in a locality a new park is developed by the Municipal Corporation, it will have some external effects." State one example of each type of externality with valid explanation. (ii) Explain the components of `Net Factor Income from abroad'. Calculate Net Domestic Product at Market Price (NDP_MP) and Gross National Product at Market Price (GNP_MP) from the following data :
Calculate National Income (NNP_FC) and Gross Domestic Product at Factor Cost (GDP_FC) from the following data : (i) "Increase in per capita availability of goods and services necessarily means rise in welfare of the people of that country." Do you agree with the given statement ? Give valid reason in support of your answer. (ii) Define capital goods.
To arrive at the value of National Income (NNP_FC), ___________ must be added to ___________ at factor cost. (Choose the correct option to fill in the blanks)
Read the following passage carefully : The domestic product measures the value of all goods and services arising out of economic activity within a country over a specific period, while National Income is the sum total of income earned by all factors of production as a result of the economic activities during a period of time. National Income includes only those incomes which are derived directly from the current production of goods and services, which are called Factor Incomes. When National Income is measured at current prices over a number of years, the changes in National Income would include the effect of the changes in production along with the changes in prices. This estimate compared over the period would not be an accurate measure of the overall real increase in production of the country or the economic welfare of the people of the economy. Therefore, it would be necessary to eliminate the effect of prices, in other words, to recompute the whole series at given prices of one particular base year. National Income, thus computed, is termed as National Income at constant prices. On the basis of the above passage and common understanding, answer the following questions : (i) Differentiate between Domestic Product and National Product. (ii) 'National Income measured at constant prices is a better measure of the overall real increase in production of the country.' Justify the given statement with valid arguments.
Read the following passage carefully : The domestic product measures the value of all goods and services arising out of economic activity within a country over a specific period, while National Income is the sum total of income earned by all factors of production as a result of the economic activities during a period of time. National Income includes only those incomes which are derived directly from the current production of goods and services, which are called Factor Incomes. When National Income is measured at current prices over a number of years, the changes in National Income would include the effect of the changes in production along with the changes in prices. This estimate compared over the period would not be an accurate measure of the overall real increase in production of the country or the economic welfare of the people of the economy. Therefore, it would be necessary to eliminate the effect of prices, in other words, to recompute the whole series at given prices of one particular base year. National Income, thus computed, is termed as National Income at constant prices. On the basis of the above passage and common understanding, answer the following questions : (i) Differentiate between Domestic Income and National Income. (ii) "National Income at constant prices is a better indicator of economic welfare as compared to National Income at current prices." Justify the given statement with valid arguments in support of your answer.
Read the following passage carefully : The domestic product measures the value of all goods and services arising out of economic activity within a country over a specific period, while National Income is the sum total of income earned by all factors of production as a result of the economic activities during a period of time. National Income includes only those incomes which are derived directly from the current production of goods and services, which are called Factor Incomes. When National Income is measured at current prices over a number of years, the changes in National Income would include the effect of the changes in production along with the changes in prices. This estimate compared over the period would not be an accurate measure of the overall real increase in production of the country or the economic welfare of the people of the economy. Therefore, it would be necessary to eliminate the effect of prices, in other words, to recompute the whole series at given prices of one particular base year. National Income, thus computed, is termed as National Income at constant prices. On the basis of the above passage and common understanding, answer the following questions : (a) "All capital goods are producer goods, but all producer goods are not capital goods." Justify the given statement with valid arguments. (b) Distinguish between Domestic Income and National Income.
A company named Tech Info Ltd. manufactures printers. The company purchases machinery from Germany to manufacture printers. These printers are sold in the domestic and foreign markets to households and dealers. The machinery purchased and printers manufactured, both can be classified as final goods. Do you agree with the given statement ? Give valid arguments in support of your answer. (i) Define Gross Investments. (ii) Identify any two components of Gross Investments indicated in the given image. GROSS INVESTMENTS (Image: three panels showing a construction crane over a structure, residential houses, and a warehouse stocked with goods.) (iii) Briefly explain any one component of Gross Investments. Explain any two components of Gross Investments.
A company named Tech Info Ltd. manufactures printers. The company purchases machinery from Germany to manufacture printers. These printers are sold in the domestic and foreign markets to households and dealers. The machinery purchased and printers manufactured, both can be classified as final goods. Do you agree with the given statement ? Give valid arguments in support of your answer. (i) Define Gross Investments. (ii) Identify any two components of Gross Investments indicated in the given image. GROSS INVESTMENTS (Panel A: construction site with a crane; Panel B: residential houses; Panel C: warehouse with stacked inventory.) (iii) Briefly explain any one component of Gross Investments.
A company named Tech Info Ltd. manufactures printers. The company purchases machinery from Germany to manufacture printers. These printers are sold in the domestic and foreign markets to households and dealers. The machinery purchased and printers manufactured, both can be classified as final goods. Do you agree with the given statement ? Give valid arguments in support of your answer. (i) Define Gross Investments. (ii) Identify any two components of Gross Investments indicated in the given image. GROSS INVESTMENTS (iii) Briefly explain any one component of Gross Investments.
Estimate the missing values (?), if the value of Gross Domestic Product at factor cost (GDP_FC) by Expenditure Method and Income Method is Rs. 920 crore : S. No. | Items | Amount (in Rs. crore) (i) | Consumption of Fixed Capital | 170 (ii) | Change in Stock | 140 (iii) | Mixed Income of Self-employed | 180 (iv) | Operating Surplus | ? (v) | Gross Domestic Fixed Capital Formation | 140 (vi) | Government Final Consumption Expenditure | ? (vii) | Net Exports | (-) 50 (viii) | Net Indirect Taxes | 60 (ix) | Private Final Consumption Expenditure | 470 (x) | Compensation of Employees | 375 (xi) | Employers' Contribution to Social Security Schemes | 150
Estimate the missing values (?), if the value of Gross Domestic Product at factor cost (GDP_fc) by Expenditure Method and Income Method is Rs. 920 crore : S. No. | Items | Amount (in Rs. crore) (i) | Government Final Consumption Expenditure | ? (ii) | Operating Surplus | ? (iii) | Gross Domestic Fixed Capital Formation | 250 (iv) | Mixed Income of Self-employed | 210 (v) | Change in Stock | 120 (vi) | Consumption of Fixed Capital | 140 (vii) | Compensation of Employees | 420 (viii) | Private Final Consumption Expenditure | 540 (ix) | Net Exports | (–) 60 (x) | Net Indirect Taxes | 80 (xi) | Employers' Contribution to Social Security Schemes | 130
On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at factor cost (NDP_FC) : S. No. | Items | Amount (Rs. in crore) (i) | Household Consumption Expenditure | 2,000 (ii) | Government Final Consumption Expenditure | 1,500 (iii) | Gross Domestic Fixed Capital Formation | 1,000 (iv) | Net additions to stock | 300 (v) | Exports | 700 (vi) | Net Indirect Taxes | 350 (vii) | Imports | 200 (viii) | Consumption of Fixed Capital | 250
On the basis of the data given below for an imaginary economy, estimate the Net Domestic Product at Factor Cost (NDP_FC) : S. No. | Items | Amount (Rs. in crore) (i) | Household Consumption Expenditure | 3,000 (ii) | Government Final Consumption Expenditure | 1,000 (iii) | Net Domestic Fixed Capital Formation | 1,000 (iv) | Change in Stock | 200 (v) | Exports | 500 (vi) | Indirect Taxes | 350 (vii) | Imports | 300 (viii) | Subsidies | 50
On the basis of the data given below for an imaginary economy, estimate the value of Gross National Product at Market price (GNP_MP) : S. No. | Items | Amount (Rs. in crore) (i) | Household Consumption Expenditure | 2,000 (ii) | Government Final Consumption Expenditure | 1,000 (iii) | Gross Fixed Capital Formation | 1,100 (iv) | Net additions to Stock | 200 (v) | Exports | 600 (vi) | Net factor income from abroad | 150 (vii) | Imports | 400
From the statements given in Column I and Column II, choose the correct pair. Alternatives : | Column – I | | Column – II A. | Vegetables grown in the Personal garden | (i) | Non marketing activity B. | A car used as a taxi | (ii) | Consumer good C. | An air-conditioner used by household | (iii) | Capital good D. | Scholarship given to students by government | (iv) | Factor income
Complete the table : Alternatives : Producer | Value of output | Intermediate Consumption | Value Added Farmer | 2000 | – | 2000 Baker | ..... (i) ..... | 2000 | 2000 Retail Seller | 4,400 | ..... (iii) ..... | 400 Total | ..... (ii) ..... | 6,000 | ..... (iv) .....
Complete the table : Alternatives : Producer | Value of output | Intermediate Consumption | Value Added Farmer | 2000 | – | 2000 Baker | .....(i)..... | 2000 | 2000 Retail Seller | 4,400 | .....(iii)..... | 400 Total | .....(ii)..... | 6,000 | .....(iv).....
On the basis of the data given below, estimate the value of Gross National Product at Factor Cost (GNP_FC) : S.No. | Items | Amount (in Rs. crore) (i) | Wages and Salaries | 2,000 (ii) | Rent and Interest | 700 (iii) | Corporate Tax | 500 (iv) | Undistributed Profit | 300 (v) | Consumption of Fixed Capital | 200 (vi) | Dividend | 150 (vii) | Net factor income from abroad | (–) 50
On the basis of the data given below, estimate the value of Gross National Product at Factor Cost (GNP_FC) : S.No. | Items | Amount (Rs. in crore) (i) | Wages and Salaries | 2,000 (ii) | Rent and Interest | 800 (iii) | Corporate Tax | 500 (iv) | Undistributed Profit | 300 (v) | Dividend | 200 (vi) | Depreciation | 150 (vii) | Net factor income from abroad | (–) 50
On the basis of the given data, estimate the value of National Income : State any three precautions to be taken while estimating national income by Value Added method. S. No. | Items | Amount (in Rs. crore) (i) | Government Final Consumption Expenditure | 110 (ii) | Private Final Consumption Expenditure | 200 (iii) | Gross Domestic Fixed Capital Formation | 30 (iv) | Net Exports | (–) 40 (v) | Increase in Stock | 20 (vi) | Consumption of Fixed Capital | 15 (vii) | Indirect Taxes | 60 (viii) | Subsidies | 15 (ix) | Net Factor Income from Abroad | (–) 40
Calculate Net Value Added at Factor Cost (NVA_FC) from the following data : From the following data, estimate the value of Net Indirect Taxes : S. No. | Particulars | Amount (in Rs. Lakh) (i) | Fixed capital goods (expected life span - 5 years) | 15 (ii) | Domestic Sales | 220 (iii) | Change in stock | (-) 10 (iv) | Exports | 10 (v) | Single use producer goods | 100 (vi) | Net indirect taxes | 20 S. No. | Particulars | Amount (Rs. in crore) (i) | Net National Product at Market Price (NNP_MP) | 1,400 (ii) | Net Factor Income from abroad | (-) 10 (iii) | Gross National Product at Factor Cost (GNP_FC) | 1,300 (iv) | Consumption of fixed capital | 80
From the items given in Column-I and Column-II, choose the correct pair. Column-I | Column-II (a) Income from Property | (i) Old age pension (b) Income from Entrepreneurship | (ii) Profit (c) Mixed Income | (iii) Rent free accommodation from an employer (d) Compensation of Employees | (iv) Interest from capital
Calculate Domestic Income (NDP_FC) from the data given below : Define Net Factor Income from Abroad (NFIA) and discuss its components. S. No. | Particulars | Amount (in Rs. lakh) (i) | Gross National Product at market price | 2,500 (ii) | Consumption of fixed capital | 200 (iii) | Goods and Services Tax | 20 (iv) | Subsidies | 50 (v) | Net Factor Income from Abroad | 50 (vi) | Changes in Stocks | 30 (vii) | Unexpected loss of a fixed asset | 500
On the basis of the following data, estimate the value of National Income (NNP_FC) : S.No. | Items | Amount (in Rs. crore) (i) | Private Final Consumption Expenditure | 1,000 (ii) | Government Final Consumption Expenditure | 1,000 (iii) | Net Domestic Fixed Capital Formation | 800 (iv) | Net Additions to Stock | 200 (v) | Net Exports | 500 (vi) | Net Indirect Taxes | 200 (vii) | Net Factor Income from Abroad | 100
On the basis of the following data, estimate the value of National Income (NNP_FC) : S.No. | Items | Amount (in Rs. crore) (i) | Private Final Consumption Expenditure | 2,000 (ii) | Gross Domestic Fixed Capital Formation | 1,000 (iii) | Government Final Consumption Expenditure | 1,500 (iv) | Net Additions to Stock | 300 (v) | Net Exports | 200 (vi) | Consumption of Fixed Capital | 100 (vii) | Net Indirect Taxes | 50 (viii) | Net Factor Income from Abroad | 30