Macro

National Income

Medium

Identify normal residents of India from amongst the following.

Seasonal workers coming to India from Bangladesh.

Medical patients going from India to the U.S.A. for treatment.

A Japanese woman working in the office of W.H.O. located in India for less than one year.

Australian ambassador posted in New Delhi.

✅ Correct Option: 2

Normal residents of India are persons whose centre of economic interest lies in India. Seasonal workers from Bangladesh and a Japanese WHO employee staying less than a year are not normal residents. Ambassadors are always residents of their home country. Medical patients going abroad for treatment remain normal residents of India.

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Choose the correct operation which will be adopted to arrive at GDP $_{MP}$ from NNP $_{MP}$ .

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Nominal Interest Rate =

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Which one of the following index measures the basket of commodities purchased by the consumer?

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An addition to the stock of physical capital and additional changes in the inventory of a producer is known as?

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If NNPMP=Rs. 5,330, indirect tax=Rs. 1,770 and consumption of fixed capital = Rs. 1,550 then GNPFC will be x. The value of x is.

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Arrange the following statements in the context of the calculation of Gross National Product at Market price.

(A) Add Net factor income from abroad.

(B) Calculate values of output.

(D) Deduct intermediate consumption.

Choose the correct answer from the options given below:

Identify normal residents of India from amongst the following.

Solution

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