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Sia ? 6 years, 7 months ago
A plan is typically any diagram or list of steps with details of timing and resources, used to achieve an objective to do something.
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Sia ? 6 years, 7 months ago
| Fixed Exchange Rate | Floating Exchange Rate |
| It refers to a system in which the exchange rate for a currency is fixed by the government & thus maintains a stable market. | It refers to a system in which the exchange rate is determined by forces of demand and supply and thus the market remains unstable. |
| Under this system, each country keeps the value of its currency fixed in terms of some external standard like Gold, Silver, etc. | Under this system, the value of the currency is determined by forces of demand and supply. |
| It is done through Devaluation and Revaluation. | It is done through Depreciation and Appreciation. |
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Yogita Ingle 6 years, 7 months ago
(i) Gross Domestic Product at Market Price : It is the money value of all the final goods and services produced within the domestic territory of a country during an accounting year.
GDPMP = Net domestic product at FC (NDPFC) + Depreciation + Net Indirect tax.
(ii) Gross Domestic Product at FC : It is the value of all final goods and services produced within domestic territory of a country which does not include net indirect tax.
GDPFC = GDPMP – Indirect tax + Subsidy
or GDPFC = GDPMP – NIT
(iii) Net Domestic Product at Market Price : It is the money value of all final goods and services produced within domestic territory of a country during an accounting year and does not include depreciation.
NDPMP = GDPMP – Depreciation
(iv) Net Domestic Product at FC : It is the value of all final goods and services which does not include depreciation charges and net indirect tax. Thus it is equal to the sum of all factor incomes (compensation of employees, rent, interest, profit and mixed income of self employed) generated in the domestic territory of the country.
NDPFC = GDPMP – Depreciation – Indirect tax + Subsidy
(v) Net National Product at FC (National Income) : It is the sum total of factor incomes (compensation of employees + rent + interest + profit) earned by normal residents of a country in an accounting year
or
NNPFC = NDPFC + Factor income earned by normal residents from abroad –
factor payments made to abroad.
(vi) Gross National Product at FC: It is the sum total of factor incomes earned by normal residents of a country along with depreciation, during an accounting year.
GNPFC = NNPFC + Depreciation OR
GNPFC = GDPFC + NFIA
(vii) Net National Product at MP : It is the sum total of factor incomes earned by the normal residents of a country during an accounting year including net indirect taxes.
NNPMP = NNPFC + Indirect tax – Subsidy
(viii) Gross National Product at MP : It is the sum total of factor incomes earned by normal residents of a country during an accounting year including depreciation and net indirect taxes.
GNPMP = NNPFC + Dep + NIT
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Gaurav Seth 6 years, 7 months ago
The calorie-based norm is not adequate to identify the poor because:
1. This mechanism groups all people together and does not differentiate between a very poor from other poor making it difficult to identify who are the most needy.
2. The norm only uses expenditure on food and some selected few items as basis of estimating poor.
3. This norm does not consider various important factors that are associated with poverty. These factors are health care, clean drinking water, proper sanitation and basic education.
4. It also fails to account for social factors that exaggerate and worsen poverty like ill health, lack of access to resources, lack of civil and political freedom, etc.
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Lovely Dhawan 6 years, 7 months ago
1Thank You