● 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.
Among the mentioned oilseed crops, which one demonstrates the process of "gonophore formation" where the ovary transforms into a peg-like structure to f...
In C₄ plants, the first stable product of photosynthesis is:
ITK stands for:
Number of segments present in insect head is
Which of the following is not a seeding machinery?
Which of the following is major greenhouse gas associated with livestock agriculture
____ is a milk process that makes milk more easily digested by those with a sensitive digestive system.
Which institution took over the role of the Planning Commission in 2014?
Chief carbohydrate in milk is called
In C4 plants, the primary carboxylation takes place by using ___ enzyme
