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SSC CHSL 2024 PYQ — Question 50

SSC CHSL - 02 July 2024 - Shift 3 • General Awareness • Q50

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In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

Cities are the great havens for knowledge, culture, and social life. Vibrant cultures are found in cities because it takes a 1.________ population to support museums, concert halls, sports teams, and night-life districts. Cities also offer rich social opportunities. People in rural areas enjoy only limited social opportunities because 2.________ the small local population. City dwellers can choose their friends and mates from among a large number of people of 3.________ interests and inclinations. We are not likely to abandon the city as a 4.________ institution, but we need to make sure that our transport arrangements do not 5.________ the 'city's' other functions.

 

Which of the following is the correct formula for calculating NNP? 

Show answer & explanation

Correct answer: A

Explanation

The correct answer is option 1 i.e. NNP=GNP−Depreciation.
GNP (Gross National Product) is the total economic output produced by the residents of a country, including income earned by residents from overseas investments, minus income earned within the domestic economy by foreign residents.

  • Depreciation reflects the decline in the value of capital assets as time passes.
  • So, NNP gives a clearer picture of the economic health by accounting for the reduction in the value of capital assets.