Identify which of the following is not considered as ‘Normal Resident’ of India?
Show Hint
- An Indian citizen working in U.S.A. embassy located at New Delhi.
- An Indian official working in the Indian embassy in China.
- An Indian diplomat visiting Canada for a summit.
- An Indian working in an American Company located in New York for a period of more than 1 year.
The Correct Option is D
Solution and Explanation
- Normal Resident:
A normal resident of India is defined as someone who resides in India for at least 182 days during the last financial year.
- Option (D): An Indian citizen working abroad for more than 1 year is not considered a normal resident of India, as they are considered a non-resident for tax and other economic purposes.
Conclusion: Option (D) is the correct answer as it represents someone working abroad for an extended period, thus not a "normal resident" of India.
Top Questions on The elasticity of demand and its measurement
- When Elasticity of Demand is 1 at every point on the Demand Curve, this curve is known as:
- CUET (UG) - 2024
- Economics
- The elasticity of demand and its measurement
- For a profit maximising monopolist, the ratio of the profit margin to price (also known as the Lerner Index or the relative mark-up) has a relationship with the price-elasticity of demand at the profit maximising price. Then, which of the following statements is CORRECT?
- IIT JAM EN - 2024
- Macroeconomics
- The elasticity of demand and its measurement
- Explain the changes that were observed in India's occupational structure during the British rule.
- GATE XH-C1 - 2024
- Economics
- The elasticity of demand and its measurement
- "Direct and active participation of state was considered essential in the industrial development process in the period 1950-1990." Justify the given statement with valid explanation.
- GATE XH-C1 - 2024
- Economics
- The elasticity of demand and its measurement
"Development of Railways during British rule encouraged colonial exploitation of the Indian resources."
Justify the given statement with valid arguments.- GATE XH-C1 - 2024
- Economics
- The elasticity of demand and its measurement
Questions Asked in GATE XH-C1 exam
Here are two analogous groups, Group-I and Group-II, that list words in their decreasing order of intensity. Identify the missing word in Group-II.
Abuse \( \rightarrow \) Insult \( \rightarrow \) Ridicule
__________ \( \rightarrow \) Praise \( \rightarrow \) Appreciate
- A car started from city P at 9:40 AM. The time taken for the car to reach city Q is 4 hours and 50 minutes. The time of arrival of the car at city Q is:
- Consider a three-firms oligopoly market with a linear demand function given by \( P = 25 - Q \), where \( P \) is the unit price and \( Q \) is the total quantity supplied. The total quantity \( Q = q_1 + q_2 + q_3 \), where \( q_i \) is the output from the \( i^{th} \) firm with \( i = 1,2,3 \). The total cost (TC) curve of firm \( i \) is given by \( TC_i = \alpha_i + 5q_i \), where \( \alpha_i \)'s are positive real numbers. Assuming a Cournot solution exists, the value of \( Q \) is:
- GATE XH-C1 - 2025
- Demand analysis
- Consider a square field ABCD. The diagonal AC is 50 meter. The cost of laying grass in the field is Rs. 5 per square-meter. The total cost for laying grass in the field ABCD is Rs. ________ (rounded off to two decimal places).
In the following figure, four overlapping shapes (rectangle, triangle, circle, and hexagon) are given. The sum of the numbers which belong to only two overlapping shapes is ________
