Question : Which of the following incomes will not be included in the National Income Calculation?
Option 1: Commission income of a share broker
Option 2: Individual's income from share broker sale of shares
Option 3: Income of a joker in a circus company
Option 4: Income of a commercial artist
Correct Answer: Individual's income from share broker sale of shares
Solution : The correct answer is the Individual's income from the sale of shares by a broker.
National income only includes economic activity that is measurable and estimable in monetary terms. A housewife's revenue from selling shares through a broker is not included in the National Income until depreciation seeks to account for the entire amount of finished goods and services produced by ordinary citizens in a given fiscal year, as the labour of a homemaker is intangible. It represents the Net National Product (NNP) at factor cost (FC).
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Get Updates Brochure
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
