Economy, asked by bengiaashi, 8 months ago

why is the income earned by working in a branch of foreign bank in india part of the domestic factor income of india?

Answers

Answered by Anonymous

Explanation:

(i) Profit earned by a foreign bank is included in domestic product of India because the banks branches are located in the Indian domestic territory. (ii) Scholarships is a trasnfer payment because no service is provided in return. So, it is not included in domestic income.

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