Question
Which of the following statements correctly
differentiates between GDP at factor cost and GDP at market prices? ÂSolution
Explanation: GDP at factor cost represents the income earned by factors of production within domestic territory, while GDP at market prices captures value at consumer level. The bridge is Net Indirect Taxes (Indirect Taxes – Subsidies) . This adjustment converts producers’ cost-based output into market-valued output, as used in international comparisons.
Consider the statements about Chandaka-Dampara Wildlife Sanctuary:
1. Forest Department of state has planned a ‘nocturnal trail’ for people i...
Union Minister Nitin Gadkari has launched the Rs 5600 crore National Highway project in which state?
Which of the statements given is/are correct about Pygmy hog:
1. It the smallest species of wild pig in the world
2. It is considered ...
The new GST appellate structure includes how many State Benches under the GSTAT framework?
Which airport was awarded the title "World's Best Airport" at the Skytrax World Airport Awards 2024?Â
Who is the author of the book India & the G20: Legacy & Prospects for Multilateralism amidst a Polycrisis?
With reference to agricultural soils, consider the following statements:
1. A high content of organic matter in soil drastically reduces its wate...
What is the amount of loan support provided by the World Bank under the MERITE scheme?
In the annual Global Innovation Index (GII) 2023 by the World Intellectual Property Organisation (WIPO), what is India's rank, and what score did it ach...
G-20 MACS Meeting held in which of the following city?
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