Macro

National Income

Medium

Which of the following is NOT included in estimation of national income ?

Commission of an agent from sale of a second hand car.

Wheat kept for self consumption by a farmer

Shares sold in stock market

Services of a lawyer hired by a firm

✅ Correct Option: 3

Commission on second-hand car (1), wheat for self-consumption (2), and lawyer services (4) are included in national income. Sale of shares is merely a transfer of financial asset, not a production activity, hence NOT included in national income.

2025: 3 June Shift 2

When goods and services are evaluated at some constant set of prices, it can also be defined as.

2025: 31 May Shift 1

Which of the following constitutes as 'leakages' from the circular flow of income.

(A) Domestic Savings.

(B) Imports.

(D) Investment.

Choose the correct answer from the options given below:

(A), (B) and (C) only
(A), (B), (C) and (D)
(B), (C) and (D) only
(A), (B) and (D) only

2022: 19 July Shift 2

Identify the items which will be classified as stock items.

(A) Production

(B) Money supply

(D) Savings

(E) Capital stock in a Country

Choose the correct answer from the options given below :

2025: 13 May Shift 2

The benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalized) is referred to as .........

2026: 11 May Shift 2

The tea leaves purchased by the consumer, are brewed to make drinkable tea. This is an example of:

2025: 21 May Shift 1

Which of the following are stock variable(s)?

(A) Population

(B) Capital formation

(D) Change in inventories

Choose the correct answer from the options given below:

Which of the following is NOT included in estimation of national income ?

Solution

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CUET Economics Past Year Questions (Topic-Wise)