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- Decide whether the question is static GK, current affairs, polity, history, geography, or science.
- Recall the exact fact or nearest anchor fact.
- Eliminate options that conflict with that fact.
Correct Answer: C
Correct Answer: C
Method / Topic: Economy
The correct option matches the accepted factual reference for this topic.
Short Explanation
Detailed Explanation
Correct Answer: C
Method / Topic: Economy
<table cellspacing="0" style="border-collapse:collapse; width:85px">
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<td style="border-bottom:none; border-left:none; border-right:none; border-top:none; height:20px; vertical-align:top; white-space:normal; width:85px">Factor cost means the cost paid to factors of production such as land, labour, capital and enterprise. So GDP at factor cost focuses on the income generated by these factors, not on market price after taxes and subsidies. In simple words, it asks what the producers/factors earned from production.</td>
</tr>
</tbody>
</table>
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Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Shortcut used, common trap, and the fastest solving route
- Decide whether the question is static GK, current affairs, polity, history, geography, or science.
- Recall the exact fact or nearest anchor fact.
- Eliminate options that conflict with that fact.
What does GDP at factor cost mainly measure?
Explanation
Correct Answer: C
Method / Topic: Economy
The correct option matches the accepted factual reference for this topic.
Short Explanation
Detailed Explanation
Correct Answer: C
Method / Topic: Economy
<table cellspacing="0" style="border-collapse:collapse; width:85px">
<tbody>
<tr>
<td style="border-bottom:none; border-left:none; border-right:none; border-top:none; height:20px; vertical-align:top; white-space:normal; width:85px">Factor cost means the cost paid to factors of production such as land, labour, capital and enterprise. So GDP at factor cost focuses on the income generated by these factors, not on market price after taxes and subsidies. In simple words, it asks what the producers/factors earned from production.</td>
</tr>
</tbody>
</table>
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