Question : Factor cost + ________________________ = Market price.
Option 1: Indirect taxes
Option 2: Net Indirect taxes
Option 3: Domestic income
Option 4: National income
Answer (1)
10th Jan, 2024
Correct Answer: Net Indirect taxes
Solution :
The difference between indirect tax and subsidy is known as net indirect tax. Indirect taxes are added to factor cost and subsidies are deducted to arrive at market prices (MP).
Net indirect taxes distinguish indirect tax from subsidies.
Net indirect taxes distinguish indirect tax from subsidies.
Hence, option B is correct.
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