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XLRI GK - 1

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Multiple Choice

Directions: Select the correct alternative from the given choices.

The term National Income represents

  1. Gross National Product at market prices minus depreciation
  2. Gross National Product at market prices minus net factor income from abroad
  3. Gross National Product at market prices minus depreciation and indirect taxes plus subsidies.
  4. Gross National Product at market prices minus depreciation plus net factor income from abroad.
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