Indian Economy
If utensils worth Rs 1000 are produced with copper worth Rs 500, wages paid are Rs 100, other material purchased is worth Rs 100 and depreciation of machinery is zero, then what is the value added in process?

Rs 300
Rs 50
Rs 100
Rs 1000

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to lend more easily for industrial development
to govern entry of new private sector banks to make the banking sector more competitive
to reduce the freedom given to banks to rationalize their existing branch network
to setup more foreign exchange banks

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Indian Economy
Gross domestic capital formation is defined as

flow of expenditure devoted to increased or maintaining of the capital stock
production exceeding demand
expenditure incurred on physical assets only
net addition to stock after depreciation

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