Class 12th - 02.10.2023

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Will these included or Not while calculated National income? Explain with reason.

Q.1 Rent received by Indian residents on their buildings rented out to foreigners in India.
Q2. Construction of a New House.
Q3 Purchases by foreign tourists
Q.4 Winning or lottery prize and windfall gains
Q5 Profits earned by the branches of a foreign bank in India
Q.6 increase in the prices of Stocks lying with a trader.
07 Rent free house given to an employee by an employer,
Q.8 National debt interest (Interest on public debt)
Q. 9 Payment of fees to a lawyer engaged by a firm. (Expenditure by a firm on payment of fees to a chartered accountant).
Q. 10 Royalty
Q 11 Free medical facilities by the employer (free boarding and lodging provided to a domestic servant).
Q. 12 Purchase of a machinery by a factory.
Q. 13 Purchase of Taxi by a taxi driver.
Q. 14 Free boarding and lodging provided to a domestic servant.
Q. 15 Financial help received by flood victims.
Q. 16 Gifts received by employer.
Q. 17 Receipts from sale of land.
Q. 18 Profits of Reliance Industries from its chemicals business in Australia.
Q. 19 Expenditure on advertisement by the firm.
Q. 20 Salaries received by Indian residents working in Russian Embassy in India.
Q. 21 Commodities used in scientific research.
Q. 22. Subsidized lunch served to workers in a factory.
Q. 23. Firm incurred expenditure on medical treatment of employees family.
Q. 24. Earnings of shareholders from the sale of shares.
Q. 25. Old Age pension.
Q. 26. Profits earned by an Indian bank from its branches abroad.
Q. 27. Durable goods purchase by a household.
Q. 28. Purchase of a car by Household.
Q. 29. Commission of sale of second hand goods (Brokerage payment on sale of shares).
Q30. Insurance premium paid by an household.
Q. 31. Dividend received by an Indian from his investment in shares of a foreign company.
Q. 32. Expenditure by government in providing free education.
Q. 33. Expenditure on free services, free education, police services by government. Ans:- Yes, it will be included as it is the part
of government final consumption expenditure.
Q. 34. Purchase of raw materials by a production unit.
Q. 35. Milk Purchased by a sweet shop to make milk cake. Ans:- No, it will not be included as it is the part of intermediate
consumption expenditure.
Q. 36. Services rendered by family members to each other.
Q. 37. Earnings of a self employed doctor having a clinic at his own residence.
Q. 39. Money received from sale of second hand goods.
Q.40. Commission received by a dealer from the buyer and seller of a house.
Q. 41. Imputed rent of self occupied houses.
Q. 42. Expenditure on the construction of a flyover by the government.
Q. 43. contribution to provident fund by employer.
Q. 44. Value of interest foregone on loans provided by employer to employee.
Q. 45, wheat grown by a farmer but used entirely for family's consumption.
Q. 46. Fees Received from students.
Q. 48. Mineral wealth of a nation.
Q.49 Receipt from sale of property, inherited from a relative.
Q. 50. Value of wood purchased for manufacturing a table.
Q 51. Expenditures on the purchase of cold drinks by a school canteen from the manufacturer.
Q. 52. Transport expenses by a firm.
Q. 53. Earning from a part-time job in McDonald's by a student.
Q. 54. Purchase of equipment for installation in a factory.
Q. 55. Direct purchase made abroad by the government.
Q. 56. Payment of Interest tax.
Q. 57. Payment of Death duty.
Q. 58. Purchase of a truck to carry goods by a production unit.
Q. 59. Goods and services tax received by the government
Q. 60. HP uses its own new laptops in its office for self-consumption.

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