If net indirect taxes fall from ₹220 crore to negative ₹60 crore, what is the total change?
Answer and explanation
Correct answer: Decrease of ₹280 crore
The governing concept is change in value, calculated as new value minus old value. Here, change = (−₹60 crore) − ₹220 crore = −₹280 crore. The negative sign indicates a decrease, so net indirect taxes have fallen by ₹280 crore. Option A ignores the movement through zero, while option B treats the final negative value incorrectly. Therefore, option C is correct.
Frequently asked questions
What is the correct answer to this question?
Decrease of ₹280 crore
Why is this the correct answer?
The governing concept is change in value, calculated as new value minus old value. Here, change = (−₹60 crore) − ₹220 crore = −₹280 crore. The negative sign indicates a decrease, so net indirect taxes have fallen by ₹280 crore. Option A ignores the movement through zero, while option B treats the final negative value incorrectly. Therefore, option C is correct.
Which subject and chapter does this question cover?
This is a Class 12 Economics question. Chapter: National Income and Related Aggregates. Topic: Aggregates related to national income - Market price and factor cost.
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