Question : Which of the following is not one of the methods of national income estimation?
Option 1: Banking method
Option 2: Expenditure method
Option 3: Product method
Option 4: Income method
Correct Answer: Banking method
Solution : The correct option is the Banking method .
The banking method is not a direct method of estimating national income. National income, which represents the total value of goods and services produced within a country's borders over a specific period, is typically estimated using three primary methods: the production or output method, the income method, and the expenditure method. The banking method is not one of these standard methods.
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