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Consider the following statements:1. If the national income is being derived at ‘Factor Cost, the indirect taxes do not need to be deducted from it.2. In this case, the government does not have to add their income accruing from indirect taxes to the national income.Which of these statements is/ are correct?a)1 Onlyb)Both 1 and 2c)2 Onlyd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:1. If the national income is being derived at ‘Factor Cost, the indirect taxes do not need to be deducted from it.2. In this case, the government does not have to add their income accruing from indirect taxes to the national income.Which of these statements is/ are correct?a)1 Onlyb)Both 1 and 2c)2 Onlyd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. If the national income is being derived at ‘Factor Cost, the indirect taxes do not need to be deducted from it.2. In this case, the government does not have to add their income accruing from indirect taxes to the national income.Which of these statements is/ are correct?a)1 Onlyb)Both 1 and 2c)2 Onlyd)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Consider the following statements:1. If the national income is being derived at ‘Factor Cost, the indirect taxes do not need to be deducted from it.2. In this case, the government does not have to add their income accruing from indirect taxes to the national income.Which of these statements is/ are correct?a)1 Onlyb)Both 1 and 2c)2 Onlyd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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