Question
Which of the following statement is/are incorrect about
“Gross Domestic Product”? I. Gross Domestic Product (GDP) is that income or product which accrues to the economic agents who are residents of the country. II. The income earned by the Non-Resident Indians (NRIs) will be a part of India's Gross National Product (GNP).Solution
Explanation: Gross Domestic Product (GDP) measures the aggregate/total production of final goods and services taking place within the domestic territory of the country during a year. But it may be possible that the foreign nationals working within India have contributed in that GDP production. GNP is that income or product which accrues to the economic agents who are residents of the country. Thus, GNP is the value of all finished goods and services owned by a country's residents, whether or not those goods are produced in that country.
On which date was the Limited Liability Partnership Act enacted?
What must a mediated settlement agreement include under The Mediation Act, 2023?
The Chairman and Whole time Members of SEBI may hold office for a period not exceeding___________________
The duties of Designated Partner under the LLP Act are____________
Where several persons are engaged or concerned in the commission of a criminal act, they______________________
Under which provision of CPC an executing court has been given the power to determine questions?
Confession is defined under which section of Indian Evidence Act?
Who shall make a premature termination of prospecting licences or mining leases in respect of any mineral other than a minor mineral?
Section 82 of the Negotiable Instrument Act, 1881 deals with _________.
As per the Banking Regulation Act which of the following statements relating to the acquisition of qualification shares by managing directors of a banki...
Relevant for Exams:
