National Income Reasoning Questions

How will the following be treated while calculating national income/domestic income?
1. Free medical facilities to employees.
2. Interest on debentures.
3. Expenditure on purchase of a second hand car.
4. Sale of shares.
5. Gifts received from abroad.
6. Dividend received on shares.
7. Services of a housewife.
8. Expenditure on feeding beggars.
9. Sale of an old house.
10. Services of owner occupied house.
11. Free meals given to employees.
12. Purchase of a new house by consumer household.
13. Brokerage on sale of shares.
14. Pension to old age persons.
15. Contribution to provident fund by employers.
16. Production for self-consumption by farmer.
17. Income from smuggling.
18. Employer’s contribution towards social security schemes.
19. Old-age pension.
20. Expenses of a firm on medical treatment of families of employees.
21. Entertainment allowance to an employee for entertaining business clients.
22. Rent-free accommodation to employees.
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23. Bonus received from employees.
24. Free uniforms to employees.
25. Free ration to defence personnel.
26. Travelling expenses paid to salesman by the employer.
27. Interest on national debt.
28. Construction of a new floor of an old building.
29. Intermediate goods.
30. Profit earned by a foreign bank in India.
31. Government transfers.
32. Change in stocks.
33. Purchase of medicines by a patient.
34. Construction of a new house.
35. Winning a lottery prize.
36. Increase in the price of stocks lying with a trader.
37. Earnings of shareholders from the sale of shares.
38. Durable goods purchased by a household.
39. Expenditure on advertisement by a firm.
40. Value of wood purchased for manufacturing a table.
41. Retirement pension.
42.Net Indirect taxes.
43. Rent of an owner-occupied house.
44. Wealth tax.
45. Services rendered by family members to each other.
46. Cash relief given to earthquake victims.
47. Expenditure by the government on scholarships to students.
48. Insurance premium paid by employees.
49. Profits earned by an Indian companies from their branches abroad.
50. Rent received by Indian residents on their buildings rented out to foreigners in India.
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51. Subsidised lunch provided to workers in a factory.
52. Gifts received from abroad.
53. Profits earned by foreign banks in India.
54. Royalty.
55. Free meals to employees.
56. Growing vegetables in a kitchen garden of the house.
57. Free medical facilities provided to employees.
58. Value of machine purchased by a factory.
59. Purchase of table by a household.
60. Income from theft.
61. Commission on sale of second hand goods.
62. Contribution to provident fund by employer.
63. Purchase of raw materials by a production unit.
64. Wages received by Indian employees working in Pakistan Embassy.
65. Interest received by a household from a commercial bank.
66. Government expenditure on defence.
67. Free treatment of the poor in hospitals.
68. Expenditure on advertisement by a firm
69. Windfall gains.
70. Expenditure on commodities used in scientific research.
71. Payment of interest on borrowings by general government.
72. Factor income from abroad
73. Family members working fee on the farm owned by the family.
74. Interest paid by an individual on a loan taken to buy a car.
75. Profits earned by branches of foreign bank of India.
76. Remittances from non-resident Indians to their families in India.
77. Scholarships given by the Government of India.
78. Services rendered by housewife.

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79. Payment of fees to a lawyer engaged by a firm.
80. Rent-free house to an employee by an employer.
AMIT ARORA

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