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Industrial licensing was used to promote regional equality. Discuss

Posted by Niyati Garg 4 months ago

CBSE > Class 12 > Economics

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Explain the limitation of GDP as wellfare

Posted by Naman Jain 4 months ago

CBSE > Class 12 > Economics

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Saloni Kumari 3 months, 3 weeks ago

Numericals gdp

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What is receipt?

Posted by Geeta Gautam 4 months ago

CBSE > Class 12 > Economics

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What is deficit ?

Posted by Sakshi Singh 4 months, 1 week ago

CBSE > Class 12 > Economics

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Sreepati Charan 4 months, 1 week ago

Deficit is opposite of surplus,it means shortfall the money you spent is not equal to the returns or less.

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Posted by Megha Gaur 4 months, 1 week ago

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Posted by Jaya Anand 4 months, 2 weeks ago

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Is inclusive growth Achievable for a developing country like India when exposed to the process of privatisation and globalization

Posted by Niangmuankim Vaiphei 4 months, 3 weeks ago

CBSE > Class 12 > Economics

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Economic Reforms Since 1991 notes

Posted by Dipika Sharma 4 months, 4 weeks ago

CBSE > Class 12 > Economics

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Two types of marke diagram and explanation

Posted by Rijum Karlo 5 months ago

CBSE > Class 12 > Economics

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Economics project on function of RBI

Posted by Mehar Ansari 5 months ago

CBSE > Class 12 > Economics

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Trends in credit availability

Posted by Shruti Singh 5 months ago

CBSE > Class 12 > Economics

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why should the aggregate final expenditure of an economy be equal to the aggregate factor payment

Posted by Nandita Sharma 5 months ago

CBSE > Class 12 > Economics

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Akshat Gupta 5 months ago

Due to circular flow of income

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Calculate operation surplus from the following data rent 10 profit 200 domestic income 800

Posted by Ishika Singh 5 months, 1 week ago

CBSE > Class 12 > Economics

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Arjun Kumar 5 months ago

690

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Posted by Radhika Tayal 5 months, 1 week ago

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Calculate NDP at FC by expenditure method and GDP at MP by income method. Particulars (in crores) (i) Gross fixed capital formation 130 (ii) Private final consumption expenditure 510 (iii) Mixed income of the self employed 280 (iv) Net factor income from ROW (–) 5 (v) Exports 50 (vi) Imports 60 (vii) Compensation of employees 240 (viii) Government final consumption expenditure 70 (ix) Consumption of Fixed Capital 40 (x) Indirect tax 90 (xi) Subsidies 10 (xii) Rent, Interest and profit 90 (xiii) Change in stock 30 (xiv) Interest on national debt 10

Posted by Shagun Kashyap 5 months, 2 weeks ago

CBSE > Class 12 > Economics

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Shreya Wafgaonkar 5 months ago

Certainly! Here's the text without any formatting:

To calculate the Net Domestic Product at Factor Cost (NDP at FC) using the expenditure method, we need to sum up all the expenditures on final goods and services produced within the domestic territory.

NDP at FC = Gross Fixed Capital Formation (GFCF) + Private Final Consumption Expenditure (PFCE) + Government Final Consumption Expenditure (GFCE) + Net Exports (Exports - Imports) + Change in Stock

Given:

(i) Gross Fixed Capital Formation (GFCF) = ₹130 crores

(ii) Private Final Consumption Expenditure (PFCE) = ₹510 crores

(iii) Government Final Consumption Expenditure (GFCE) = ₹70 crores

(v) Exports = ₹50 crores

(vi) Imports = ₹60 crores

(xiii) Change in Stock = ₹30 crores

NDP at FC = 130 + 510 + 70 + (50 - 60) + 30

NDP at FC = 130 + 510 + 70 - 10 + 30

NDP at FC = ₹730 crores

To calculate the Gross Domestic Product at Market Prices (GDP at MP) using the income method, we sum up all the incomes earned by factors of production in the production process.

GDP at MP = Compensation of Employees + Mixed Income of the Self Employed + Rent, Interest, and Profit + Indirect Taxes - Subsidies + Net Factor Income from Rest of the World (NFIA)

Given:

(vii) Compensation of Employees = ₹240 crores

(iii) Mixed Income of the Self Employed = ₹280 crores

(xii) Rent, Interest, and Profit = ₹90 crores

(x) Indirect Tax = ₹90 crores

(xi) Subsidies = ₹10 crores

(iv) Net Factor Income from Rest of the World (NFIA) = -₹5 crores

GDP at MP = 240 + 280 + 90 + 90 - 10 - 5

GDP at MP = ₹695 crores

So, the NDP at FC is ₹730 crores and the GDP at MP is ₹695 crores.

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Define government budget? Why it's important.

Posted by Pratima Limbu 5 months, 2 weeks ago

CBSE > Class 12 > Economics

2 answers

Mr Thunder 5 months, 2 weeks ago

In brief A government budget is a financial plan that outlines the government's revenues and expenditures for a specific period, usually a fiscal year. It serves as a blueprint for allocating financial resources to various sectors and activities of the government, including public services, infrastructure development, social welfare programs, defense, and debt repayment. The government budget typically consists of two main components: 1. Revenue: This includes all sources of income for the government, such as taxes, tariffs, fees, fines, grants, and borrowing. 2. Expenditure: This includes all government spending on goods, services, investments, and transfer payments, such as salaries, subsidies, infrastructure projects, healthcare, education, and defense. Importance of Government Budget: 1. Resource Allocation: The budget allows the government to allocate financial resources efficiently and effectively to meet the needs and priorities of the country. It helps in determining which sectors and programs receive funding and how much. 2. Economic Stability: The budget plays a crucial role in maintaining economic stability by regulating aggregate demand, controlling inflation, and managing fiscal deficits. Government spending and taxation policies influence overall economic activity and growth. 3. Policy Prioritization: The budget reflects the government's policy priorities and objectives, such

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Mr Thunder 5 months, 2 weeks ago

A government budget is a financial plan outlining a government's income and spending for a specific period. It's important because it allocates resources, stabilizes the economy, sets policy priorities, ensures fiscal discipline, enhances public accountability, and enables planning and forecasting.

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Which of the following products are intermediate products and final products? Give suitable reasons 1. Wheat and rice purchased by households 2. Purchase of ticket for train journey by an individual 3. Purchase of a car by an employer for office use by his employees

Posted by Palak Chaudhary 5 months, 3 weeks ago

CBSE > Class 12 > Economics

3 answers

Arjun Kumar 5 months ago

1.) Wheat purchased by household is an intermediate product. As the household will use it for further production. 2.) Train ticket purchased by an individual is final good. As the individual will use it to travel from one place to another.

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Mr Thunder 5 months, 2 weeks ago

1. Wheat and rice purchased by households: - Intermediate products: They undergo further processing before becoming final food products. 2. Purchase of ticket for train journey by an individual: - Final product: Represents the consumption of train transportation service. 3. Purchase of a car by an employer for office use by his employees: - Intermediate product: Bought for further use within the organization, serving as transportation for employees.

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Rajat Thakur 5 months, 3 weeks ago

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What is central bank? Explain its function

Posted by Bishal Ghosh 5 months, 3 weeks ago

CBSE > Class 12 > Economics

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Arjun Kumar 5 months ago

Central Bank refers is the apex bank of the country. In India RBI (Reserve Bank of India) is the apex bank. RBI establishment act was pass in year 1934. RBI was on 1 April 1935. Functions of central Bank:- Issue of currency:- Central Bank issue currency notes on behalf of central bank, except 1 rupee note and coin, 1 rupee note is printed by Ministry of Finance on which the signature of finance secretary. While on all other notes RBI governor signature. Banker's to the Government: Central Bank (RBI) act as Banker to government it advices state/ central government regarding financial matters. Banker's Bank :- Central act as banker's Bank by matching every credit with every debit. As all banks have their Account in RBI. Controller of Money Supply: Central Bank act as the controller of Money Supply by using its various quantitative methods such as CRR, SLR Open Market operation.

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Discuss briefly the rationale behind choosing 'Modernization' as a planning objective for the Indian economy

Posted by Som Agrawal 5 months, 3 weeks ago

CBSE > Class 12 > Economics

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Prepare one assignment regarding *'Indian Banking System'*Assignment pages = 5-10,Topic = Our Indian Banking SystemContents = Everything about the role of commercial banks. class 12

Posted by Prince Pal 5 months, 4 weeks ago

CBSE > Class 12 > Economics

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What are net demand deposit and gross demand deposit

Posted by Muskan Choudhary 5 months, 4 weeks ago

CBSE > Class 12 > Economics

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Ujjwal Pandey Pandey 5 months, 4 weeks ago

gross demand deposit includes inter bank claim ( transactions between the banks) ,whereas net demand deposit does not include it

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Compare the map of British India with that of independence India. Find out the area that become part of Pakistan and state how these Areas where important to India from economic point of view.

Posted by Rupali Verma 5 months, 4 weeks ago

CBSE > Class 12 > Economics

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Discuss briefly the rationale behind choosing modernisation as a planning objective for the indian economy .

Posted by Minakshi Jain 6 months ago

CBSE > Class 12 > Economics

1 answers

Minakshi Jain 6 months ago

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What is Indian economy

Posted by Rohit Sisodiya 5 months, 3 weeks ago

CBSE > Class 12 > Economics

1 answers

Lokesh Kumar 6 months ago

Indian economy in which study about gdp

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Notes of chapter Indian economy on the eve of independence

Posted by Parneet Kaur 6 months, 1 week ago

CBSE > Class 12 > Economics

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What is the nature and significance of macroeconomics?

Posted by Abhinav Guleria 6 months, 2 weeks ago

CBSE > Class 12 > Economics

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On the basis of the following data , calculate depreciation 1.GST - 220 .2. net national products at factor cost - 3,800 3. Net factor income from abroad - (-10) 4. Subsidies -20 5. Gross domestic product at market price - 4,200

Posted by Bharti Sahgal 6 months, 2 weeks ago

CBSE > Class 12 > Economics

2 answers

Aksa Khan 5 months, 3 weeks ago

Depreciation is 190

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Khushi Kumari 5 months, 2 weeks ago

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Posted by Pranjali Hazari 6 months, 2 weeks ago

CBSE > Class 12 > Economics

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Premjeet Chakma 6 months, 2 weeks ago

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Fact about GST

Posted by Rashmi Vardhan 6 months, 3 weeks ago

CBSE > Class 12 > Economics

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Posted by Anupama Debnath 6 months, 4 weeks ago

CBSE > Class 12 > Economics