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● 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.
Kathak is found in three distinct forms, called ‘gharanas’, named after the cities where the Kathak dance tradition evolved. Name those three cities...
A new ensign was created on the 91st anniversary of which organization?
Which of the following Noble gas is used as anesthetic agent?
Which of the following options accurately describes the primary focus areas of UNESCO and WHO, respectively?
Padma Shri Minati Mishra was an Indian classical dancer and actress, known for her expertise in which of the following Indian classical dance forms?
How many types of the amendment are mentioned by the Indian Constitution as per Article 368?
Net Indirect Taxes are included in _________.
Which of the following is a human factor responsible for soil erosion?
1. Deforestation
2. Run off water
3. Overgrazing
...______ is the branch of Biology which is concerned with the study of structure of organism and their parts.
Which of the following is not present in Pteridophytes?