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6. From the following information, calculate GDP at Market Price:
GDP at Factor Cost = INR 200 Crore
Indirect Tax = INR 50 Crore
Subsidies = INR 20 Crore
(a) INR 500 Crore
200+50-
=230
(b) INR 230 Crore
(c) INR 330 Crore
(d) INR 130 Crore
7. Pradhan Mantri Kaushal Kendra is the initiative of which of the following ministries of the Governm
of India?
(a) Ministry of Human Resource Development.
(b) Ministry of Agriculture
✓ (e) Ministry of Skill Development and Entrepreneurship
(d) Ministry of Corporate Affairs
8. The e-Form 'AGILE' is related to:



Answer :

GinnyAnswer

Final answer:

To calculate GDP at Market Price, add indirect taxes, subtract subsidies, and include depreciation in the calculation.


Explanation:

To calculate GDP at Market Price, you need to add indirect taxes and subtract subsidies from GDP at Factor Cost. Additionally, you need to add depreciation to get from net domestic product to gross domestic product. The formula to calculate GDP at Market Price is GDP at Factor Cost + Indirect Taxes - Subsidies + Depreciation.

Using the given values:

GDP at Market Price = INR 200 Crore + INR 50 Crore - INR 20 Crore = INR 230 Crore

Therefore, the correct answer is (b) INR 230 Crore.


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