Question
Which of the following is the output of the country less
the intermediate consumption, which is the difference between gross output and net output?Solution
Gross value added is the output of the country less the intermediate consumption, which is the difference between gross output and net output. GVA= GDP + Subsidies on Products- Taxes. India’s economy grew 4.1% year-on-year in the January-March period of 2021-22 (Q4 FY22). NSO pared down the overall growth estimate for FY22 to 8.7% from the 8.8% projected in February. In FY22, all sectors except trade, hotels and communication services were above the pre-pandemic levels of FY20. Growth in private final consumption expenditure, or private spending, decelerated sequentially in Q4 to 1.8 per cent, proving to be the weakest link. Gross value added (GVA) at basic prices grew at 3.9% in the fourth quarter and 8.1% in FY22.
The newly launched National Agri-Food Biomanufacturing Institute in Mohali is a merger of which two institutes?
According to the recently released NSeDA report 2021, Which state is the leading state among North East and Hill states Category?
OICA, the international automotive organization, was founded in which year?
Recently who was appointed as the new CEO of NITI Ayog?
In what year was the Bombay Plan, advocating for economic planning in India, put forward?
Which bank has collaborated with fintech company OPEN to launch a digital current account for its customers?Â
In which year was the Indo-Tibetan Border Police (ITBP) founded?
Which new category has been introduced under the Pradhan Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
Who has been appointed as Punjab National Bank’s first-ever female brand ambassador?
Which Indian state is home to Keenan Stadium?
