Important question and answers for ba economics

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Define Liabilities, Subsidies and Open Economy.

Course: ba economics.

Liabilities. Liability is an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefit... More

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Answer in national income accounting

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What are the conceptual problems in the estimation of national income in India?

Course: ba economics.

The conceptual problems in the measurement of national income are: Non-availability of statistical material: Some persons like electricians, plumbers, etc.., do some job in their spare time and ... More

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Answer in national income accounting

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What is the problem of double counting? Does it arise in income method as well?

Course: ba economics.

Double counting in accounting is an error whereby a transaction is counted more than once. For example, the costs of intermediate goods used by a business to produce a finished good are included in the computation of a nation's gross domestic product... More

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Answer in national income accounting

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Explain the Significance of Consolidated Accounts.

Course: ba economics.

In consolidated accounts, the sector accounts are put together. For instance, there are five different accounts for each sector, taking the nation as a whole. These sector accounts are consolidated into Production, Consumption Expenditure and the Cap... More

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Answer in national income accounting

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Differentiate between primary, secondary and tertiary sectors of the economy.

Course: ba economics.

Occupation wise an economy is broadly divided into primary, secondary and tertiary sectors. Primary sector includes production units producing goods by exploiting natural resources. Some examples are farming, mining, fishing, animal husbandry, etc. M... More

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Answer in agricultural development in india

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What is Buffer Stock and Minimum Support Price?

Course: ba economics.

Buffer Stock. A buffer stock scheme is an attempt to use commodity storage for the purposes of stabilizing prices in an entire economy or, more commonly, an individual (commodity) market. Specifically, commodities are bough... More

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Answer in agricultural development in india

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What is the Procurement of Food grains?

Course: ba economics.

The Govt. policy of procurement of Food grains has the broad objectives of ensuring MSP (minimum support price) to the farmers and also ensuring availability of food grains to the weaker sections at affordable prices. It also ensures effective market... More

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Answer in agricultural development in india

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What is Public Distribution System (PDS)?

Course: ba economics.

Public Distribution System (PDS) is an Indian food security system. Established by the Government of India under Ministry of Consumer Affairs, Food, and Public Distribution and managed jointly with state governments in India, it dist... More

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Answer in agricultural development in india

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Explain Food Security versus Food Insecurity.

Course: ba economics.

Food Security versus Food insecurity. Availability of food in the required quantity and quality is food security at the national level as well as available on a lasting and sustained basis. People must be able to lead a hea... More

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Answer in agricultural development in india

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What is Food Self Sufficiency and Food Net Production?

Course: ba economics.

Food Self Sufficiency. When the production of food in a country is sufficient for its people, i.e., the country does not need to import to fulfill its requirements for food, it can grow its own requirement, the condition is... More

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Answer in national income accounting

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Mention the some important concepts of 1993 SNA (System of National Accounts).

Course: ba economics.

Some concepts mentioned in 1993 SNA (System of National Accounts) are: Central Banks. According to SNA1993, the output of central banks is calculated on similar grounds as that of any other financ... More

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Answer in national income accounting

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What were the Aspects which already exist in 1993 SNA (System of National Accounts)?

Course: ba economics.

Some of the aspects which already exist in 1993 SNA (System of National Accounts) are: FISIM (financial intermediations services indirectly measured): Banks main source of income is the difference... More

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Answer in national income accounting

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What were the suggestions about Updating Mechanism in 1993 SNA (System of National Accounts)?

Course: ba economics.

Suggestions about Updating Mechanism in 1993 System of National Accounts (SNA): It has been said that SNA 1993 is just a stage of evolution of national accounting. Continuous up-gradation and updating of SNA is necessary to... More

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Answer in agricultural development in india

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What is Retail Supply Chain/Cold Chain?

Course: ba economics.

Retail Supply Chain/Cold Chain: The most important problem associated with the Indian food industry is the inefficient supply chain as a result of which about 20 per cent of the food produce worth Rs. 10,000 crore is wasted. Only thr... More

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Answer in agricultural development in india

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What is Food Supply Chain?

Course: ba economics.

A food supply chain or food system refers to the processes that describe how food from a farm ends up on our tables. The processes include production, processing, distribution, consumption and disposal. The food we eat reaches us via food supply chai... More

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Courses list

List of Q & A for ba economics.

Define Liabilities, Subsidies and Open Economy.

What are the conceptual problems in the estimation of national income in India?

What is the problem of double counting? Does it arise in income method as well?

Explain the Significance of Consolidated Accounts.

Differentiate between primary, secondary and tertiary sectors of the economy.

What is Buffer Stock and Minimum Support Price?

What is the Procurement of Food grains?

What is Public Distribution System (PDS)?

Explain Food Security versus Food Insecurity.

What is Food Self Sufficiency and Food Net Production?

Mention the some important concepts of 1993 SNA (System of National Accounts).

What were the Aspects which already exist in 1993 SNA (System of National Accounts)?

What were the suggestions about Updating Mechanism in 1993 SNA (System of National Accounts)?

What is Retail Supply Chain/Cold Chain?

What is Food Supply Chain?

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