यह महिला खिलाड़ी कौन है? A-सायना नेहवाल B-मीराबाई चानू C-एम०सी० मैरीकॉम D-पी०वी०सिंधू

यह महिला खिलाड़ी कौन है? A-सायना नेहवाल B-मीराबाई चानू C-एम०सी० मैरीकॉम D-पी०वी०सिंधू

What is Disposable Income ???

This refers to the income from all sources that accrue to households and private non-profit institutions after deducting direct taxes and other transfers. In essence, disposable income constitutes that amount which an individual can use for the purchase of goods and services and also for savings. In a frugal economy it is regarded as: Y=C+S.

What is Personal Income ???

Personal income is the total national income of a particular country or total GNP less payment of indirect taxes, less undistributed profits, less profits of public parastatals plus transfer payments (i.e. by government and business organizations), such as social security allowance, unemployment benefits, etc. Personal income refers to the income accruing to individuals, which can be used for paying taxes, consumption and savings. It constitutes the rewards earned by individuals due to their contribution to the productive sector of the economy.

Gross National Product (GNP) ???

The gross national product (GNP) refers to the value of all goods and services produced during a specific period of time, usually one year, plus the difference between foreign receipts and payments. The GNP is, therefore, identical to the concept of gross national income (GNI); hence, GNP =GNI. Thus, while the GNP is estimated on the basis of product flows, the GNI is estimated on the basis of money income flows, i.e. wages, profits, rent, interest, etc.

What is Net National Product (NNP) ???

This is regarded as national income proper. It refers to the sum of all incomes accruing to all factors of production that are supplied by the residents of a given country over a period of time, usually a year, after deducting depreciation. Depreciation herein refers to the value of wear and tear of capital and machinery replacement after the year of use. Therefore,
GNP – Depreciation = NNP. NNP = GNP – Depreciation.
Depreciation is, in essence, that part of total productive assets which are used to replace worn-out capital in the process of creating the GNP. Hence, in the process of producing goods and services (including capital goods), a part stock of capital is used up. Depreciation is therefore the term used to denote the worn-out or used up capital. An estimated value of depreciation is deducted from the GNP to arrive at the NNP. The NNP is then the measure of net output available for consumption by the society. The NNP is usually the same as the national income at factor cost. The NNP is the usually measured at market prices, while direct taxes and indirect taxes are deducted. Hence, NNP – indirect taxes = national income.

What is Gross Domestic Product (GDP) ???

It refers to the value of total output of goods actually produced in the whole economy over a period of time, usually one year. It is the gross because allowance has not been made for the consumption of fixed capital used up in the production. When the value of the production is measured at the market price, we have what is commonly referred to as gross domestic product cost; it is regarded as gross domestic product at factor cost. The difference between the two lies in the fact that GDP as factor cost excludes the excess of indirect taxes over subsides that may have been levied on the goods and services, while the other does not.

Function of RBI ?

The Reserve Bank of India is the central bank of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.To regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage." Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.Banker to banks: maintains banking accounts of all scheduled banks.