Which of the following is a part of Domestic product of India?
(A) Gifts given by employer to his employees
(B) Profits earned by branches of country's bank in other countries
(C) Profits earned by foreign companies in India
(D) Purchase of goods by foreign tourists
Choose the correct answer from the options given below :
(
This question was previously asked in
Shift 11/06/2023 3:30 PM - 6:30 PM
A
(A) and (B) Only
B
(B) and (C) Only
C
(C) Only
D
(C) and (D) Only
Correct Answer
(C) and (D) Only
Detailed Explanation
The part of India's Domestic Product includes:
(C) Profits earned by foreign companies in India
(D) Purchase of goods by foreign tourists
- Profits earned by foreign companies operating within India contribute to the domestic product, and purchases of goods by foreign tourists while in India also contribute to the domestic product.
- Gifts given by employers to employees, as mentioned in option (A), do not typically contribute to the domestic product. Profits earned by branches of India's banks in other countries, as mentioned in option (B), are not part of India's domestic product but are part of the Gross
- National Product (GNP) or Gross Domestic Product (GDP) of the countries where those branches operate. Therefore, the correct answer is option (4) - (C) and (D) Only.
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