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Question
Profits earned by a branch of a foreign bank in India are ______ in the domestic product of India.
Options
Included
Deducted
No effect
None of the above
MCQ
Fill in the Blanks
Solution
Profits earned by a branch of a foreign bank in India are included in the domestic product of India.
Explanation:
Because earnings are earned in India's domestic territory, profits earned by a foreign bank branch in India will be 'included' in India's domestic revenue.
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Gross and Net Domestic Product (GDP and NDP)
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