Question : Which of the following are not included in the national income?
Option 1: Capital loss
Option 2: Capital formation
Option 3: Brokers commission
Option 4: Expenditure incurred by a foreign tourist.
Correct Answer: Capital loss
Solution :
Option 1: Capital gain
Option 3: Interest on loan paid by the commercial bank
Option 4: All of the above.
Question : Which of the following or not included in the national income?
Option 1: Sale and purchase of financial assets
Option 2: Payment of bonus
Option 3: Free services by government
Option 4: Capital formation
Question : _____________________ is the expenditure incurred by the central government on various administrative services.
Option 1: Private final consumption expenditure.
Option 2: Government final consumption expenditure.
Option 3: Gross domestic capital formation.
Option 4: Net exports
Question : Which of the following is included in national income based on the expenditure method?
Option 1:
Social Security benefits
Option 2: Capital investments by businesses
Option 3: Foreign aid received by the country
Option 4: Personal income taxes
Question : ____________ refers to the total expenditure incurred by all private firms on capital goods.
Option 3: Investment expenditure.
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