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What is GDP and GNP and Methods to calculate it

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What is GDP and GNP and Methods to Calculate it In this article we will know what is GDP and how it is calculated. In the next parts of this article we will discuss about how NNP, NDP, GNP, GDP, NNPFC, NNPMP are different from each other. We will also discuss what the GDP at constant price and GDP at current price are. By the way, all the notes related to Economics are being added on this page, which you cannot afford to miss. By the way, you can find all the notes of Economics on this page. Gross Domestic Product  All those things which are produced inside the country or within the country economic value. Here, Domestic means within the country and all things means both goods and services. Gross National Product (GNP) All those things which are produced inside the country PLUS income which have come from outside, their economic value. Suppose, a person named 'A' brought the money abroad to America, to our country India = counted in GNP. On the other hand, '...
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Things to do while you self-quarantine

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T hings to do while you self-quarantine As the number of suspected and confirmed coronavirus patients in the world continues to climb, one of the most common responses from state and county public health officials is to suggest people who may have been exposed to the disease self-quarantine. Don't leave your house unless you need to go to a doctor, stay home. If there are other people in your home, you should attempt to stay in one room as much as possible and use a separate bathroom. As concerts are postponed, sporting events are canceled, schools are closed and tourist hot spots are shut down, experts recommend that even those who show no sign of illness stay home during this time of global pandemic.  Now the question is how we can spend our precious time? SLEEP AS MUCH AS YOU CAN. WATCH MOVIES ON NETFLIX CLEAN YOUR HOUSE LEARN A NEW SKILL FOCUS ON YOUR BODY READ A BOOK SPEND TIME WITH YOUR FAMILY REARRANGE YOUR WARDROBE LEARN A LANGUAGE CALL...
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Prompt Corrective Action (PCA) Framework

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Prompt Corrective Action (PCA) Framework PCA stands for Prompt Corrective Action . After the financial results of the banks in 2017-18, the government formed a committee to restructure the assets of these banks. Apart from this, 11 out of 21 public sector banks are under the purview of PCA due to rising losses and sinking debt. Prompt Corrective Action is a US federal law mandating progressive penalties against banks that exhibit progressively deteriorating capital ratios. After coming under the purview of this framework- These banks cannot extend branch. RBI can prevent them from making dividend payment. Many conditions can be imposed by RBI even if these banks give loans. The Reserve Bank of India can take action to consolidate, reorganize and close these banks. RBI may impose restrictions on management compensation and directors fees of these banks. Bank of Baroda Total loss of 3102.34 crores in the quarter from January to March (2018). The bank's NPA...
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