IOC

ONGC 

HPCL

VSNL

Producer goods are those goods which producer purchases for using them in the process of production. There are two types of producer goods :1) Capital goods and 2) Raw material . They both help in the process of production. Capital goods are those goods which are purchased by the producer and are of high value and can be use for several years . Both conditions are to be fulfilled if we want to say a particular good as a capital good. If a good is of high value but can't be used for several years then it would not be considered as capital good like raw material. And if a good can be used by producer for several years but it is of low value then it is also not a capital good like a screw . As it is now clear that all capital goods are producer goods because they are purchased by producers to be used in the process of production but all producer goods are not capital goods because all producer goods are not of high value as well as having a life span of several years.

indian economy

Due to various systems of land settlement

expenditure on consumer goods by households is called consumption expenditure

It is the aquitision of goods and services by the individuals or families

Medical council of India is a professional association of doctors

NVAfc=GVPmp-dep-NIT........ And GVAmp=sales+change in stock-intermediate cost..... So according to the given data.....1300=sales+(-50)-700-80-(-60)........ 1300=sales-770.....sales=1300+770 .....sales= 2070

@sakshi i have already given. Check it.

a. India is an agricultural country.
b. Nearly two-thirds of its population depends directly on agriculture for its livelihood.
c. Agriculture is the main stay of India's economy.
d. It accounts for 26% of the gross domestic product.
e. It ensures food security for the country and produces several raw materials for Industries.

Change in stocks= closing stock - opening stocks ..... Change in stocks =800-1000=(-200)___ Sales10,000............. Intermediate cost=200 GDPmp= sales+change in stock- intermediate cost....... GDPmp=10,000+(-200)-200=9,600.... GDPmp= 9,600?

But friends many tyes of profits::- 1" devident. 2" corprosation tax. 3" undistritbuted frofit. ???

Rent + royalty + interest + profit

A Customs declaration is a form that lists the details of goods that are being imported or exported when a citizen or visitor enters a customs territory (country's borders). ... Travellers have to declare everything they acquired abroad and possibly pay customs duty tax on goods. I think you are asking about this. If it is not the right answer then tell me i will ask my sir.

The economic reforms have enabled India to access and compete in the international markets. This facilitated the movement of goods and services across the international boundaries. Further, the increased inflows of foreign capital and investment to India have eliminated the shortage of foreign exchange to finance the imports of sophisticated and advanced technologies to India. Moreover, the boom in the outsourcing and the service sector led India’s economic growth and GDP to increase by many folds. But on the other side, agriculture that employed a significant proportion of population, failed to be benefited by these economic reforms. Also the reforms favoured the high income group population at the cost of their poor counterparts. This resulted in wide and still increasing economic and social inequalities among different section of population. Further, the economic reforms developed the areas that were well connected with the metropolitan cities leaving the remote and rural area undeveloped. Consequently, there were wide regional disparities. The boom in the service sector, especially in the form of quality education, superior health care facilities, IT, tourism, multiplex cinemas, etc. were out of the reach of the poor section of the population. The population engaged in the agricultural and allied sectors has still not been able to share the fruits of advanced technology and modern techniques. Further, the high income group has experienced increase in income, thereby, appreciating the quality of their consumption basket, leaving the low and middle income group to fight hard to earn their livelihood. Thus, it can be concluded that the economic reforms failed to provide social justice and enhance welfare of the general public of India.

National income by income method: compensation of employees + Rent +Interest+ profit( divident+corporate tax+undistributed profit) +mixed income+ net factor income from abroad............... 900+200+400+(100+50+250)+0+10.............. So NNPfc = 1910☺️

Zamindari rights were purchased through auction and given to the highest bidder. The Zamindar was recognized as the proprietor of his Zamindari thus he could sell, mortgage, transfer and inherit the land as long as he paid the revenue before the stipulated cutoff date also known as the sunset clause. If he failed his rights were forfeited and land was auctioned to the highest bidder.

The rate of land revenue was 10/11 in the permanent settlement area.

The sum total of imuted rent, interest , royality and COE isknown as mixed income . And the income which can not be seprated into other types is known as mixed income.

Central bank is an apex bank that controls and regulates the entire banking system of a country. The various functions performed by central bank are: 

1. Bank of issuing notes: Central bank has monopoly rights of issuing notes. This is called currency authority function of central banks. All notes issued by central bank are an unlimited legal tender in the country.

2. Banker to the Government: Central bank is a banker, agent and financial adviser to the government. It manages the account of the government, it buys and sells the securities of the government and it frames policies to regulate the money market.

3. Custodian of foreign currency: The central bank maintains a minimum reserve of international currency all the time in order to meet emergency requirements of foreign exchange and overcome adverse requirements of deficit in balance of payments.

4. Lender of last resort: The central bank also lends money to commercial banks. When the commercial banks are facing liquidity crunch or any type of insolvency, the central bank are the last resort to provide loans against treasury bills, government securities, and bills of exchange.

5. Maintains cash reserves of commercial banks: The central bank takes care of the cash reserves of commercial banks. Commercial banks are required to keep certain amount of public deposits as cash reserve, with the central bank.

6. Control of credit: The central bank has power to regulate the credit creation by commercial banks. The credit creation depends upon the amount of deposits, cash reserves, and rate of interest given by commercial banks. All these are directly or indirectly controlled by the central bank. Therefore, they have the power to control the amount of credit creation of commercial bank. 

Economic planning is a process of controlling and coordinating various activities of an economy in order to achieve pre determined objectives in a definite time period itself.

Economic Planning is an organised and coordinated efforts to achieve certain self defined objectives within a fixed time frame through optimum utilisation of community’s resources so as to promote general well-being.

what do you mean by economic planning ?

Demonetization is a process of stripping a currency unit of its status as a legal tender. In simple words, demonetized notes are no longer valid as legal currency.

Characteristics of demonetisation are:
(i) Change in currency It is the act of stripping or discontinuing a currency unit of its legal status by government.
(ii) Contingent Success or failure of demonetisation is dependent upon various factors.
(iii) Objective The objective of demonctisation can be curbing corruption, fake currency, illegal activity and making cashless economy.
(iv) Crunches Generally after demonetisation, people face cash crunches for a shorter period.