question_answer

  Calculate National Income from the following data.

S. No.	Contents	(Rs.) in lakhs
(i)	Sales	800
(ii)	Purchase of Raw Materials from Domestic Market	400
(iii)	Import of Raw Material	100
(iv)	Subsidies	30
(v)	Consumption of Fixed Capital	40
(vi)	Change in Stock	50
(vii)	Rent	70
(viii)	Net Factor Income from Abroad	10

Or Calculate Net Domestic Product at Factor Cost\[(ND{{P}_{FC}})\] by income method.

S. No.	Contents	(Rs.) in crores
(i)	Net Value Added at Market Price by Primary Sector	1,000
(ii)	Wages and Salaries	2,000
(iii)	Social Security Contribution by Employers	110
(iv)	Net Value Added at Market Price by the Secondary Sector	600
(v)	Corporation Tax	30
(vi)	Retained Earnings of Private Corporations	10
(vii)	Net Value Added at Market Price by the Tertiary Sector	1,400

Answer:

National Income = Rs. 350 lakh or \[ND{{P}_{FC}}\]= Rs. 2,150 crore