Continue with your mobile number
● Statement 1 incorrect: Net Domestic Product (NDP) is the GDP calculated after adjusting the weight of the value of ‘depreciation’. This is, basically, the net form of the GDP, i.e., GDP minus the total value of the ‘wear and tear’ (depreciation) that happened in the assets while the goods and services were being produced. o Thus, NDP = GDP - Depreciation. Statement 2 incorrect: The NDP of an economy has to be always lower than its GDP for the same year, since there is no way to cut the depreciation to zero. But mankind has achieved too much in this area through developments, such as ‘ballbearing’, ‘lubricants’, etc., all innovated to minimise the levels of depreciation. ● Statement 3 correct: NDP has following usage: For domestic use: to understand the historical situation of the loss due to depreciation to the economy. To understand and analyse the sectoral situation of depreciation in industry and trade in comparative periods. To show the achievements of the economy in the area of research and development, which have tried cutting the levels of depreciation in a historical time period. NDP is not used for the comparative economies since the rate of depreciation is different for different countries. In India NDP is announced by the Ministry of Commerce and Industry.
In which year did Narendra Modi propose the celebration of the International Day of Yoga at the United Nations General Assembly?
Arrange the formation of the following Indian states in chronological order:
- I. Haryana
- II. Telangana
- III. Jharkhand
- IV. Goa
What is the flat and fertile land on the banks of mountain rivers called in Local language in Uttarakhand?
The 86th Amendment Act 2002 primarily deals with the Fundamental Right to what?
In the local language of Uttarakhand, which of the following is also referred to as Ragi?
Which instrument is prominently played by the musician Sivamani?
Pandit Birju Maharaj is renowned for his mastery in which classical dance form?
Who is the writer of the novel “The Guide”?
The Future Value of an Annuity is equal to the future value of the sum of individual cash flows.
Which organization developed the 'Akashteer Air Defence System'?