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.
Reforms aimed at improving institutional structures like tenancy laws and land ownership patterns to boost agricultural productivity are broadly known as:
Which one of the following is NOT a function of a retailer?
Glyoxylate cycle occurs in
A type of grafting in which shallow, downward and inward cut ensuring V-shape incision in lower portion of rootstock and matching cut on the scion is ma...
Where do grasshoppers lay eggs?
The grafting technique called ‘stone grafting’ is primarily used in which fruit crop?
According to the law of demand, what is the relationship between price and quantity demanded
Which one of the following is not a measure to reduce the risk?
The inflorescence of fennel is which of the following?
Agriculture education day is celebrated on the birth anniversary of
