NATIONAL INCOME ACCOUNTING
Q. Will the following be a part of
domestic factor income of India? Give reasons for your answer.
1. Old age pension by government.
2. Factor income from abroad.
3. Salaries to India resident working in Russian embassy in India.
4. Profit earned by a company in
India, which is owned by a non -resident.
5. Profit earned by a foreign bank
from its branch in India.
6. Scholarship given by government of
India.
7. Profit earned by resident of India
from his company in Singapore.
8. Salaries received by Indian
working in American embassy in India.
9. Profit earned by Indian bank from its bank from its bank
abroad.
10. Compensation of employee given to
resident of China working in Indian embassy.
11. Remittances from non -residents
Indians to their family in India.
12.
Rent paid by embassy of Japan in India to a resident Indian.
13. Profit earned by branches of
foreign banks in India.
14. Dividend received by a foreign
from investment in shares of an Indian company.
15. Profit earned by a branch of
Indian bank in Canada.
16. Scholarship given to Indian
students studying in Indian by a foreign company.
Give reasons, state whether the following are including in
National Income : -
i. Transport expenses by a firm.
ii. Gift received from employer.
iii. Purchase of machinery by a
factory.
iv. Interest paid on loan taken to
buy a personal car.
v. Wheat grown by a farmer but used
entirely for families.
vi. Earning of the shareholders from the
sale of shares.
vii. Expenditure by government on
providing free education.
viii. Imputed rent of self occupied
houses.
ix. Interest received on debentures.
x. Financial help received by floods
victims.
xi. Capital gain on sale of a house.
xii. Prize won in a lottery ,
xiii. Interest on public debt.
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