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.
A combination of horticultural crops, field crops and tree species is called:
The compound having highest boiling point among the following is-
Cyclones in the Bay of Bengal usually occur during the period.
Which technique uses double stranded RNA (dsRNA) as a trigger that targets homologous mRNAs for degradation or inhibiting its transcription translation?
During which period, the growth rate is maximum and reaches the top because at this stage the cell division and physiological processes are quite fast?
Which of the following is true about the Kisan Credit Card (KCC) scheme in relation to the fisheries sector?
Cattle semen is frozen and stored for long periods in liquid nitrogen at temperature:
Match the following:
Herbicide                             Mode of action
I.     Paraquat     ...
Most suitable crops for dry land are
Which among the following is medium to high irrigation sensitive crop?
