On the basis of the data given below, estimate the value of National Income (NNPFC) 
On the basis of the data given below, estimate the value of National Income (NNPFC)
Show Hint
Solution and Explanation
To estimate the National Income (NNP at factor cost), we can use the following formula:
Formula:
National Income (NNP) = Private final consumption expenditure + Government final consumption expenditure + Net exports + Net indirect taxes + Net factor income from abroad + Gross domestic fixed capital formation - Consumption of fixed capital
1. Given Values:
- Private final consumption expenditure: ₹2,000 crore
- Government final consumption expenditure: ₹1,500 crore
- Gross domestic fixed capital formation: ₹1,000 crore
- Addition to stock: ₹400 crore (this is included in the Gross domestic fixed capital formation)
- Consumption of fixed capital: ₹50 crore
- Net factor income from abroad: ₹100 crore
- Net indirect taxes: ₹200 crore
- Net Exports: ₹700 crore
2. Calculating the National Income (NNP):
Substituting the values in the formula:
National Income (NNP) = ₹2,000 + ₹1,500 + ₹700 + ₹200 + ₹100 + ₹1,000 - ₹50
National Income (NNP) = ₹5,450 crore
Final Answer:
The National Income (NNP at factor cost) is ₹5,450 crore.
Top Questions on National Income Accounting
- "In a two-sector economy, National Income is always equal to Domestic income " Defend or refute the given statement with valid reasons.
- CBSE CLASS XII - 2025
- Economics
- National Income Accounting
- Define Nominal Gross Domestic Product. How is it different from Real Gross Domestic Product?
- CBSE CLASS XII - 2025
- Economics
- National Income Accounting
- Value Addition = __ Value of Intermediate Consumption. (Choose the correct option(s) to complete the stated formula.)
- CBSE CLASS XII - 2025
- Economics
- National Income Accounting
- Define Real Gross Domestic Product. How is it different from Nominal Gross Domestic Product?
- CBSE CLASS XII - 2025
- Economics
- National Income Accounting
- Differentiate between Real flow and Money flow.
- CBSE CLASS XII - 2025
- Economics
- National Income Accounting
Questions Asked in CBSE CLASS XII exam
- A coil of 60 turns and area \( 1.5 \times 10^{-3} \, \text{m}^2 \) carrying a current of 2 A lies in a vertical plane. It experiences a torque of 0.12 Nm when placed in a uniform horizontal magnetic field. The torque acting on the coil changes to 0.05 Nm after the coil is rotated about its diameter by 90°. Find the magnitude of the magnetic field.
- CBSE CLASS XII - 2025
- Magnetism and matter
- If \( x = e^{\frac{x}{y}} \), then prove that \( \frac{dy}{dx} = \frac{x - y}{x \log x} \).
- CBSE CLASS XII - 2025
- Differentiation
- Nandita and Prabha were partners in a firm. Nandita withdrew Rs 3,00,000 during the year for personal use. The partnership deed provides for charging interest on drawings @ 10\% p.a. Interest on Nandita's drawings for the year ended 31st March, 2024 will be :
- CBSE CLASS XII - 2025
- Partnership Accounts
Answer the following questions:
- [(i)] Describe the population growth curve applicable in a population of any species in nature that has unlimited resources at its disposal.
- [(ii)] Explain the equation of this growth curve.
- [(iii)] Name the growth curve and depict a graphical plot for this type of population growth.
- [(i)] Explain the conclusion drawn by Alexander von Humboldt during his extensive explorations in the wilderness of South American jungles.
- [(ii)] Give the equation of the Species-Area relationship.
- [(iii)] Draw a graphical representation of the relation between species richness and area for a wide variety of taxa such as birds, bats, etc.
- CBSE CLASS XII - 2025
- Organisms and Populations
Student to attempt either option (A) or (B):
(A) Give an account of the generalised structure of an antibody molecule produced by B-lymphocytes in response to the pathogen.
OR
(B) Other than public awareness and counselling, enlist four measures taken up by NACO, WHO and other NGOs to prevent the spread of HIV infection in the society.- CBSE CLASS XII - 2025
- human health and disease