Match List I with List II LIST I Terms LIST II Meaning A. GNP I. The market value of goods and services produced by residents in the country plus income earned in country by foreigners, minus income received by residents of a country from abroad B. GDP II. Sum of all kinds of incomes received by the individuals from all sources of income C. NNP III. The sum of market value of all the final goods and services produced in a country during a specific period of time, generally one year D. Personal Income IV. GNP - Depreciation Choose the most appropriate answer from the options given below:

Question

Match List I with List II LIST I Terms   LIST II Meaning A. GNP I. The market value of goods and services produced by residents in the country  plus income earned in country by foreigners, minus income received by  residents of a country from abroad B. GDP II. Sum of all kinds of incomes received by the individuals from  all sources of income C. NNP III. The sum of market value of all the final goods and services produced  in a country during a specific period of time, generally one year D. Personal Income IV. GNP - Depreciation Choose the most appropriate answer from the options given below:

cdquestions Admin · Accepted Answer

A-III, B-I, C-IV, D-II

S. No.	Particulars	Amount (in ₹ crore)
(i)	Operating Surplus	3,740
(ii)	Increase in unsold stock	600
(iii)	Sales	10,625
(iv)	Purchase of raw materials	2,625
(v)	Consumption of fixed capital	500
(vi)	Subsidies	400
(vii)	Indirect taxes	1,200

Year	Nominal GDP (in ₹ crores)	Real GDP (Adjusted to base year prices, in ₹ crores)
2020 – 21	\( 3{,}000 \)	\( 5{,}000 \)
2022 – 23	\( 4{,}000 \)	\( 6{,}000 \)

The Correct Option is D

Solution and Explanation

Top Questions on National Income Accounting

Questions Asked in CUET PG exam

	LIST I Terms		LIST II Meaning
A.	GNP	I.	The market value of goods and services produced by residents in the country plus income earned in country by foreigners, minus income received by residents of a country from abroad
B.	GDP	II.	Sum of all kinds of incomes received by the individuals from all sources of income
C.	NNP	III.	The sum of market value of all the final goods and services produced in a country during a specific period of time, generally one year
D.	Personal Income	IV.	GNP - Depreciation