UPSC Exam > UPSC Questions > Consider the following statements:Statement-...
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Consider the following statements:
Statement-I:
External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.
External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.
Statement-II:
India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.
India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.
Which one of the following is correct in respect of the above statements?
- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- c)Statement-I is correct, but Statement-II is incorrect
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:Statement-I:External Grants in rece...
Analysis of Statement-I
- Statement-I suggests that India has become a net giver in external grants, indicating a shift in its role in international economic diplomacy.
- This statement is correct as India has indeed increased its contributions to global development initiatives and has been actively participating in various international forums.
Analysis of Statement-II
- Statement-II asserts that India's GNP is consistently lower than its GDP due to a negative balance in income from abroad.
- This statement is also correct; GNP (Gross National Product) measures the economic output of residents, including income earned abroad, while GDP (Gross Domestic Product) measures output within the country.
- A negative balance in income from abroad implies that India is paying more to foreign entities than it is earning from them, which leads to GNP being lower than GDP.
Relation Between Statements
- Although both statements are correct, Statement-II does not explain Statement-I.
- The first statement focuses on India’s role in international economic diplomacy and its contributions, while the second addresses the economic metrics of GNP and GDP, which are not directly related to India's diplomatic activities.
Conclusion
- Therefore, the correct answer is option 'C': Statement-I is correct, but Statement-II is incorrect in explaining Statement-I.
- Statement-I suggests that India has become a net giver in external grants, indicating a shift in its role in international economic diplomacy.
- This statement is correct as India has indeed increased its contributions to global development initiatives and has been actively participating in various international forums.
Analysis of Statement-II
- Statement-II asserts that India's GNP is consistently lower than its GDP due to a negative balance in income from abroad.
- This statement is also correct; GNP (Gross National Product) measures the economic output of residents, including income earned abroad, while GDP (Gross Domestic Product) measures output within the country.
- A negative balance in income from abroad implies that India is paying more to foreign entities than it is earning from them, which leads to GNP being lower than GDP.
Relation Between Statements
- Although both statements are correct, Statement-II does not explain Statement-I.
- The first statement focuses on India’s role in international economic diplomacy and its contributions, while the second addresses the economic metrics of GNP and GDP, which are not directly related to India's diplomatic activities.
Conclusion
- Therefore, the correct answer is option 'C': Statement-I is correct, but Statement-II is incorrect in explaining Statement-I.
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Community Answer
Consider the following statements:Statement-I:External Grants in rece...
Statement-I correctly highlights how India has been more of a giver than a receiver of external grants in recent times, aligning with its international economic diplomacy efforts. This is supported by the fact that India has been contributing more to other nations, indicating a shift in its role in the global economy.
However, Statement-II is incorrect. The statement about India's GNP consistently being lower than GDP due to the negative balance in Income from Abroad is inaccurate. The relationship between GNP and GDP is not solely based on the balance of Income from Abroad. GNP subtracts the Income from Abroad component from GDP to account for income earned by residents from investments outside the country and income earned by foreigners within the country. The difference between GDP and GNP lies in how they account for income from abroad, but it doesn't necessarily mean that GNP is consistently lower than GDP due to a negative balance in Income from Abroad.
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Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements:Statement-I:External Grants in recent times indicate that India has been a net giver rather than a receiver, showcasing its increased participation in international economic diplomacy.Statement-II:India's GNP is consistently lower than GDP due to the negative balance in Income from Abroad, reflecting the nation's dependence on global markets.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
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