Will the following be included in the domestic product of India Give reasons for your answer CBSE Economics class 12 2017

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Will the following be included in the domestic product of India? Give reasons for your answer. - CBSE Economics class 12 2017

a) Profit earned by foreign companies in India
b) Salaries of Indians working in the Russian Embassy in India
c) Profit earned by a branch of state Bank of India in Japan
( - Appeared in CBSE economics class 12, 2017, All India, Set 1 paper)


By:Aparna-Dasgupta

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i. Profit earned by foreign companies is included in the estimation of domestic income as they are within the domestic territory of the country. 
ii. Salaries of Indian working in Russian embassy in India are not included in the estimation of domestic income because the Russian embassy is not part of the domestic territory of India. 
iii. Profit earned by a branch of State Bank of India is not included in the estimation of domestic income because it is located in Japan and is not part of the domestic territory of India

milan-ransingh

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