Topics
Introductory Microeconomics
Introduction to Microeconomics
- Microeconomics
- Central Problems of an Economy
- Concepts of Production Possibility Frontier
Introductory Macroeconomics
Consumer Behaviour and Demand
- Consumer's Equilibrium
- Cardinal Approach (Utility Analysis)
- Ordinal Utility Analysis/Indifference Curve Analysis
- Concept of Demand
- Market Demand
- Determinants of Demand
- Demand Schedule
- Demand Curve
- Movement Along the Demand Curve
- Introduction to Elasticity of Demand
- Income Elasticity of Demand
- Methods of Measuring Price Elasticity of Demand
Indian Economic Development
National Income and Related Aggregates - Basic Concepts and Measurement
- Macroeconomics
- Two Sector Model of Circular Flow of National Income
- Gross and Net Domestic Product at Market Price
- Gross National Product at Market Price
- Net National Product (NNP)
- Circular Flow of Income and Methods of Calculating National Income
- Methods of Measurement of National Income
- Income Method
- Expenditure Method
Determination of Income and Employment
- Concept of Aggregate Demand and Aggregate Supply
- Aggregate Demand and Its Components
- Consumption
- Aggregate Supply and Its Components
- Propensity to Save
- Important Terms of Employment and Unemployment
- The Concept of Full Employment
- Basic Concepts of Income and Employment
- Investment Multiplier and Its Mechanism
- Problems of Excess Demand and Deficient Demand
- Measures to Correct the Excess Demand and Deficient Demand
Money and Banking
- Concept of Money
- Functions of Money
- Evolution of Money
- Central Bank
- Function of Central Bank - Bank of Issue
- Central Bank Function - Goverment Bank
- Central Bank Function - Banker's Bank
- Central Bank as a Controller of Credit
- Commercial Banks
Government Budget and the Economy
Balance of Payments
Development Experience (1947-90) and Economic Reforms since 1991
Current Challenges Facing the Indian Economy
- Concept of Poverty in India
- Who Are the Poor?
- Identification of Poor People
- The Number of Poor in India
- Causes of Poverty
- Poverty Alleviation Programmes and Their Target Sectors
- National Bank for Agriculture and Rural Development (NABARD)
- National Bank for Agriculture and Rural Development (NABARD)
- Introduction to Employment - Growth, Informalisation and Other Issues
- Employment - Informalisation
- Employment - Workforce
- Relevance of Infrastructure
- The State of Infrastructure in India
- Energy
- Health
- Introduction to Environment and Sustainable Development
- Environment - Definition and Functions
Development Experience of India
- Net National Product (NNP) at Market Prices
- Merits of NNP at Market Prices
CISCE: Class 12
Definition: Net National Product
"Net National Product at market price is the market value of the net output of final goods and services produced by an economy during an accounting year and net factor income from abroad." – Peterson
CISCE: Class 12
Formula: Net National Product
NNP at Market Prices = GNP at Market Price – Capital Consumption Allowances
NNPMP = GNPMP – CCA
Related QuestionsVIEW ALL [15]
Calculate 'Net National Product at Factor Cost' and 'Gross National Disposable Income' from the following:
| (Rs in Arab) | ||
| 1 | Social security contributions by employees | 90 |
| 2 | Wages and salaries | 800 |
| 3 | Net current transfers to abroad | (-)30 |
| 4 | Rent and royalty | 300 |
| 5 | Net factor income to abroad | 50 |
| 6 | Social security contributions by employers | 100 |
| 7 | Profit | 500 |
| 8 | Interest | 400 |
| 9 | Consumption of fixed capital | 200 |
| 10 | Net indirect tax | 250 |
Calculate 'Net National Product at Market Price' and 'Gross National Disposable Income' from the following:
| (Rs in Arab) | ||
| 1 | Closing stocks | 10 |
| 2 | Consumption of fixed capital | 40 |
| 3 | Private final consumption expenditure | 600 |
| 4 | Exports | 50 |
| 5 | Opening Stock | 20 |
| 6 | Government final consumption expenditure | 100 |
| 7 | Imports | 60 |
| 8 | Net domestic fixed capital formation | 80 |
| 9 | Net current transfers to abroad | (-)10 |
| 10 | Net factor income to abroad | 30 |
Calculation (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost:
| (Rs in crores) | ||
| 1 | Rent and Interest | 6000 |
| 2 | Wages and Salaries | 1800 |
| 3 | Undistributed Profit | 400 |
| 4 | Net indirect taxes | 100 |
| 5 | Subsidies | 20 |
| 6 | Corporation tax | 120 |
| 7 | Net factor income to abroad | 70 |
| 8 | Dividends | 80 |
| 9 | Consumption of fixed capital | 50 |
| 10 | Social security contribution by employers | 200 |
| 11 | Mixed income | 1000 |
Calculate GNPMP and NNPFc from the following data by Expenditure Method.
| PARTICULARS | (₹ crores) | |
| (i) | Mixed income of self employed | 550 |
| (ii) | Private Final Consumption Expenditure | 1100 |
| (iii) | Net factor income from abroad | (-)120 |
| (iv) | Net indirect taxes | 250 |
| (v) | Consumption of fixed capital | 270 |
| (vi) | Net domestic capital formation | 480 |
| (vii) | Net exports | (-)130 |
| (viii) | Interest | 300 |
| (ix) | Government Final Consumption Expenditure | 650 |
Calculate the Net National Product at Market Price from the given details
| S.no. | Contents | (Rs. in Crores) |
| (i) | Mixed income of self-employed | 8,000 |
| (ii) | Depredation | 200 |
| (iii) | Profit | 1,000 |
| (iv) | Rent | 600 |
| (v) | Interest | 700 |
| (vi) | Compensation of employees | 3,000 |
| (vii) | Net indirect taxes | 500 |
| (viii) | Net factor income to abroad | 60 |
| (ix) | Net exports | (-) 50 |
| (x) | Net current transfers to abroad | 20 |
Calculate (1) net domestic product at factor cost and (2) gross national disposable income
| (Rs in crores) | ||
| 1 | Private final consumption expenditure | 8000 |
| 2 | Government final consumption expenditure | 1000 |
| 3 | Exports | 70 |
| 4 | Imports | 120 |
| 5 | Consumption of fixed capital | 60 |
| 6 | Gross domestic fixed capital formation | 500 |
| 7 | Change in stock | 100 |
| 8 | Factor income to abroad | 40 |
| 9 | Factor income from abroad | 90 |
| 10 | Indirect taxes | 700 |
| 11 | Subsidies | 50 |
| 12 | Net current transfers to abroad | (-) 30 |
| 13 |
Calculate GDPmp and NNPfc by Value Added method from the following data.
| PARTICULARS | (₹crores) | |
| (i) | Net value added at factor cost in the Primary sector | 6000 |
| (ii) | Net value added at factor cost in the Secondary sector | 4000 |
| (iii) | Net value added at factor cost in the Tertiary sector | 4500 |
| (iv) | Net Factor Income from Abroad | (-) 50 |
| (v) | Net Indirect taxes | 150 |
| (vi) | Intermediate consumption | 2500 |
| (vii) | Depreciation | 500 |
