WBCS.LIVE practice question

In the estimation of national income, which of the following items will be subtracted from NNP at market price?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Depreciation
  2. Net product taxes and net production taxes
  3. Net indirect taxes
  4. Depreciation and net product taxes

Correct answer and explanation

Correct answer: Net indirect taxes