BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not included in National Income Accounts?
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Second hand goods
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Transaction in stock markets
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Transfer payments
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All of the above
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Explanation:
Detailed explanation-1: -Some of the items that are not included in the measurement of National Income are as follows: Services of housewives (Care Economy) Black money. Capital gains.
Detailed explanation-2: -National income accounting is a government bookkeeping system that measures a country’s economic activity-offering insight into how an economy is performing. Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies.
Detailed explanation-3: -Because corporate tax is merely a transfer payment from the firm to the government, it is not included in national income.
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