CA Foundation Exam > CA Foundation Questions > Which of the following is not correct?a)NNPMP...
Start Learning for Free
Which of the following is not correct?
- a)NNPMP = GNPMP - depreciation
- b)NNPMP = NNPFC+ net indirect taxes
- c)GDPMP+.NFIA
- d)NDPFC = GDPFC- depreciation
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NN...
Explanation:
The given options are related to national income accounting, which is used to measure the economic performance of a country. The correct relation among the national income accounting variables is:
GDPMP = GNPMP - NFI
where GDPMP is the gross domestic product at market prices, GNPMP is the gross national product at market prices, and NFI is the net factor income from abroad.
Let's analyze each option to find out the incorrect one:
a) NNPMP = GNPMP - depreciation
This equation is correct, where NNPMP is the net national product at market prices. It is the GNPMP minus depreciation. Depreciation is the decrease in the value of fixed assets due to wear and tear or obsolescence.
b) NNPMP = NNPFC + net indirect taxes
This equation is also correct, where NNPFC is the net national product at factor cost, and net indirect taxes are the indirect taxes minus subsidies. The factor cost is the cost incurred by the producer in producing a product or service.
c) GDPMP . NFI
This equation is incorrect because it does not represent any valid relation between the national income accounting variables. The dot (.) symbol is not a valid operator in national income accounting.
d) NDPFC = GDPFC - depreciation
This equation is correct, where NDPFC is the net domestic product at factor cost, and GDPFC is the gross domestic product at factor cost. The NDPFC is the GDPFC minus depreciation.
Therefore, option (c) is the incorrect one.
The given options are related to national income accounting, which is used to measure the economic performance of a country. The correct relation among the national income accounting variables is:
GDPMP = GNPMP - NFI
where GDPMP is the gross domestic product at market prices, GNPMP is the gross national product at market prices, and NFI is the net factor income from abroad.
Let's analyze each option to find out the incorrect one:
a) NNPMP = GNPMP - depreciation
This equation is correct, where NNPMP is the net national product at market prices. It is the GNPMP minus depreciation. Depreciation is the decrease in the value of fixed assets due to wear and tear or obsolescence.
b) NNPMP = NNPFC + net indirect taxes
This equation is also correct, where NNPFC is the net national product at factor cost, and net indirect taxes are the indirect taxes minus subsidies. The factor cost is the cost incurred by the producer in producing a product or service.
c) GDPMP . NFI
This equation is incorrect because it does not represent any valid relation between the national income accounting variables. The dot (.) symbol is not a valid operator in national income accounting.
d) NDPFC = GDPFC - depreciation
This equation is correct, where NDPFC is the net domestic product at factor cost, and GDPFC is the gross domestic product at factor cost. The NDPFC is the GDPFC minus depreciation.
Therefore, option (c) is the incorrect one.
Free Test
FREE
| Start Free Test |
Community Answer
Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NN...
C) is coorect option because...NFIA can never be in points alike in option(.NFIA)
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer?
Question Description
Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer?.
Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following is not correct?a)NNPMP= GNPMP- depreciationb)NNPMP= NNPFC+ net indirect taxesc)GDPMP+.NFIAd)NDPFC= GDPFC-depreciationCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup