Question
 Which of the following statements is/are correct?
1. GDP can both underestimate as well as overestimate the actual welfare of the economy. 2. The standard of living is all elements that affect people’s happiness, whether these elements are bought and sold in the market or not. 3. GNP can be the main item for the welfare of the economy Select the correct answer using the code given below:Solution
If we take GDP as a measure of the welfare of the economy we shall be overestimating or understating the actual welfare. GDP does not capture leisure, health, a cleaner environment, the possibilities created by new technology, or an increase in variety.
The minister promised that buying agricultural produce below their MSP would soon making a criminal offence.
Much of the power of the Church were based on its ability to enforce the use of Latin as the language of worship
In the sentences below a phrase is highlighted. Consider the option that can correctly replace the phrase to make the sentences grammatically and conte...
Direction: In the sentence given below, a part is highlighted and suggestions for its correction are given below the sentence. Choose the correct opti...
The children enrolled in low fee charging private schools are seen to perform better in mathematics, despite of better –qualified and more experie...
In the following question, a part of the sentence is underlined. Below the sentence are three alternatives to the underlined part. Select the alternativ...
The modes for verification of accounts are to be presume by the Government, which leads to the question of who will be disregarded and who will be allo...
Potential damages of any breach of privacy of user data from Europe could cost Indian IT firms as many as 4 per cent for their revenue .
...Select the alternative that will improve the bold part of the sentence in case there is no improvement select “No improvement”.
Some peopl...
Directions:Â In each question, a part of the sentence is made bold. Below are given alternatives to the bold part at (A), (B), (C) and (D) which may i...
