Consider the following relations:

  1. National Income=GNP-Depreciation+Subsidies-Indirect Taxes
  2. NNP=GNP+NFIA-Depreciation

Which of the above relations is/are correct?

Answer: [A] 1 Only

Net National Product =GNP-Depreciation

This question is a part of GKToday's Integrated IAS General Studies Module