Economy and It's Element:

1. Gross Domestic Product (G.D.P.) :- GDP is the sum of values of all final goods and services produced in a year without making any deduction for the ‘wear and tear’ of the land, building and machinery used in production. India stands at 12 rank in the world so far as GDP is concerned.
2. Net Domestic Product (N.D.P.):- When the depreciation is deducted from GDP, we get NDP.
3. Gross National Product (G.N.P.):- When we add the net earnings from abroad the GDP we call it G.N.P.
4. Net National Product (N.N.P.) :- When we add the net earning from abroad to the NDP we call it the NNP. This is also known as National Income.
5. Per Capita Income:- National Income / Total Population.
6. Inflation:- Incessant increase in the prices is called inflation.
7. Poverty Line:- The people who get minimum of 2200 calories per day are above poverty line. In India, the per capita food intake is 2100 calories Punjab is the richest state while Bihar is the poorest
8. Fiscal Policy of India:- Our economy has a federal structure. This means that the authority of the state is exercised through the Union Government at the center as welt as the various state governments in accordance with the distribution of powers between them as determined by the constitution. The powers of taxation like the other powers, have, therefore, to be exercised by the center and the states. For example, the centre above is empowered to tax incomes the state governments are similarly empowered to impose taxes on the sale of commodities.
9. Monetary Policy:- All monetary controls in the Indian economy rest with the Reserve Bank of India. As the central bank of the country, it is at the head of the banking system. It guides and controls the commercial banks as the custodian of the state’s monetary policy. It acts as an agent of the government and also adds to or reduces the currency supply.
10. Direct Taxes:- This type of tax is paid by the same person from whom this is collected. For example, Wealth Tax, Gift Tax, Expenditure Tax and Income Tax.
11. Indirect Taxes:- These taxes are collected not directly from the payee but are collected on the basis of particular transactions. For example, Stamp Duty, Excise Duty, Sales Tax and Custom Duty.

Want to know more

Please fill in the details below:



admit-card,10,Allegation,1,Alphabetical Series,3,Anagrams,1,Analogies,3,Answer Key,4,answer-key,1,Average,1,Blood Relation,2,CDP,33,Child Development,39,Child Development Pedagogy,33,Child Pedagogy,39,Cistern,1,Clock Calendar,4,Cloze Test,7,Coding Decoding,3,Compound Interest,1,CTET,20,CTET Coaching,1,ctet coaching centre delhi,1,ctet coaching in delhi,1,ctet examination pattern,1,ctet previous paper,1,ctet previous year solved paper,1,CTET Question Papers,1,CTET QUIZ,32,ctet study material for maths and science,1,ctet study material in english,1,CTET-2017,1,Cut Off,5,Data Interpretation,1,Development Process,1,Dice Test,1,Direction Sense Test,2,Distance,1,Download kvs Syllabus,1,DSSSB,58,DSSSB Coaching,6,DSSSB Exam,2,DSSSB Teachers,5,DSSSB Teachers Selection,1,Education,1,Educational Psychology,5,Eligibility,1,English,24,English Grammar,3,English Pedagogy,10,English-Pedagogy,19,Environment,1,EVS Pedagogy,12,EVS-Pedagogy,6,EXAM,1,Exams,3,Featured,8,Forgetting,1,General Science-Biology,1,Geometry,1,Grammar,2,Guest Teachers,1,Hall Ticket,1,Heights & Distance,1,Heredity,1,Hindi,3,Idioms,3,Imp-Tips,4,Intelligence,1,job alerts,1,Jumbled Sentences,2,KVS,11,kvs exam pattern for pgt english,1,kvs online recruitment 2018,1,kvs syllabus primary teacher,1,kvs teacher recruitment 2018,1,kvs tgt pgt recruitment 2018,1,Latest Articles,150,Latest-Articles,1,Learning,1,Maths Pedagogy,10,Memory,1,Mensuration,1,Mixture,1,Mock test,33,MOCK TEST-DSSSB QUIZ,1,Motivation,1,NCF,104,Notification,21,Notifications,1,Number Puzzle,2,Number Series,3,Number System,1,Other Pedagogy,5,Partnership,1,Percentage,1,Permutation Combination,1,Personality,1,PGT,2,Pipes,1,Probability,1,Profit Loss,1,Progression,1,PRT,4,Psychology,2,Quant,17,Quant Notes,4,Quantitative Aptitude,17,Question Paper,1,Quiz,116,Ratio Proportion,1,Reasoning,30,Religious-Social,1,Results,8,Revision of the Day,15,Science Pedagogy,10,Seating Arrangement,3,Simple Interest,1,Speed,1,Spelling,3,SST Pedagogy,10,SST- Geography,12,SST-Civics and Economics,12,SST-History,27,Study Notes,79,Syllabus,18,Syllogism,2,Teachers Vacancies,2,TGT,1,Time,1,Vacancy,1,Venn Diagram,3,Verbal Ability,24,Vocabulary,3,Work,1,
DSSSB, CTET & KVS Exam Preparation | Clear CTET: Economy and It's Element
Economy and It's Element
DSSSB, CTET & KVS Exam Preparation | Clear CTET
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy