BANKING GENERAL KNOWLEDGE
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Question
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Which of the following is not included in the estimates of National Income?
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Sale of collector’s items
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Addition to inventory, but not sale of the company’s products
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Market rent of self owned house
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Cost of government services
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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: -Undistributed profits Was this answer helpful?
Detailed explanation-3: -The Income Method measures national income from the side of payments made to the primary factors of production in the form of rent, wages, interest, and profit for their productive services in an accounting year.
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