New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The capital that is consumed by an economy or

    a firm in the production process is known as
    A Depreciation Correct Answer Incorrect Answer
    B Dead-weight loss Correct Answer Incorrect Answer
    C Capital loss Correct Answer Incorrect Answer
    D Production cost Correct Answer Incorrect Answer

    Solution

    Depreciation is the gradual decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question

    Practice Next

    Relevant for Exams: