Match List-I with List-II

List-1	List-II
(A) Gross Domestic Product at Market Price	(I) NDPMP - Net Product Taxes - Net Production Taxes
(B) Net Domestic Product at Factor Cost	(II) GVA at basic prices - Net Production Taxes
(C) GVA(Gross Value Added) at factor cost	(III) C +I+G+(X- M)
(D) Gross National Product at Factor Cost	(IV) GNPMp - Net Product Taxes - Net Production Taxes

Choose the correct answer from the options given below:

The correct answer is (A) - (III), (B) - (I), (C) - (II), (D) - (IV).

Let us break down the matching step-by-step to understand the relationships between the macroeconomic aggregates in List-I and List-II:

1. (A) Gross Domestic Product at Market Price (GDP_MP) matches with (III) C + I + G + (X - M)
GDP at Market Price calculated using the expenditure method is the sum total of final consumption expenditure by households (C), investment or gross capital formation (I), government final consumption expenditure (G), and net exports (X - M, where X represents exports and M represents imports).
Therefore, (A) matches with (III).

2. (B) Net Domestic Product at Factor Cost (NDP_FC) matches with (I) NDP_MP - Net Product Taxes - Net Production Taxes
To convert an aggregate from market price (MP) to factor cost (FC), we subtract net indirect taxes. In modern national accounting, net indirect taxes are divided into net product taxes and net production taxes. Thus:
$${\text{NDP}}_{\text{FC}}={\text{NDP}}_{\text{MP}}-\text{Net Product Taxes}-\text{Net Production Taxes}$$
Therefore, (B) matches with (I).

3. (C) GVA (Gross Value Added) at factor cost matches with (II) GVA at basic prices - Net Production Taxes
GVA at basic prices includes production taxes less production subsidies. To obtain GVA at factor cost, we must deduct these net production taxes from GVA at basic prices:
$$\text{GVA at factor cost}=\text{GVA at basic prices}-\text{Net Production Taxes}$$
Therefore, (C) matches with (II).

4. (D) Gross National Product at Factor Cost (GNP_FC) matches with (IV) GNP_MP - Net Product Taxes - Net Production Taxes
Similar to domestic product, to convert Gross National Product from market price (GNP_MP) to factor cost (GNP_FC), we subtract both net product taxes and net production taxes:
$${\text{GNP}}_{\text{FC}}={\text{GNP}}_{\text{MP}}-\text{Net Product Taxes}-\text{Net Production Taxes}$$
Therefore, (D) matches with (IV).