Question
Regarding GDP, consider the following statements:
1. Salaries earned by foreign employees in Mumbai are included in India’s GDP. 2. Salaries earned by Indian employees in British High Commission to India are included in India’s GNP but not in GDP. 3. GDP is both a qualitative and a quantitative concept. Which of the above statement is/are correct?Solution
GDP is the monetary value of all final goods and services produced within the boundary of a nation during a year period, irrespective of the nationality of the employees. Salaries earned by Indian employees in British High Commission to India will be included in British GDP, as the foreign missions to India are not under the political control of Indian Government but under the control of respective nation. It is merely a ‘quantitative’ concept, which cannot provide a qualitative measure or growth of the nation. GDP does not include several factors that influence the standard of living such as Externalities.
The achievement has taken them a step ____________ towards their dream postings in the Indian Defence Service of Engineers.
The mode of _____ food into the body ______ in different organisms.
Select the most appropriate option to fill in the blanks.
The Statue of Unity is the world's _______ statue and an iconic landmark of new India.
A Toss-Up
The company is taking a more ___________ approach to management.
- The given question has one blank indicating that something has been omitted. Choose the word for the given options that could fit in the blank correctly. <...
In the question given below, there is a sentence of which some parts have been jumbled. Rearrange these parts, which are labeled as P, Q, R, and S, to...
Google is wooing some of the world’s hottest start-ups to sell its cloud computing technology. These include ventures that send satellites into th...
- In the following sentence, there is a blank space. Below each such sentence, there are four options with one word each. Fill up the blank with the word tha...
(a) All the family members ____________ minor injuries in the accident.
(b) A cup of coffee will not be helpful enough to __________ you until lu...