Which of the following transaction is not included in national income? Option 1: Brokerage for facilitating sale of old car. Option 2: Interest paid by production units to households. Option 3: Payment of GST by firms to the government. Option 4: Interest paid by banks on deposits by individuals.

The answer is 'Payment of GST by firms to the government.'. View full solution:

CUET Economics - Which of the following transaction is not included in national income? | PYQs + Solutions

CUET Economics 2025 30 May Shift 1

Macro

Medium

Brokerage for facilitating sale of old car.

Interest paid by production units to households.

Payment of GST by firms to the government.

Interest paid by banks on deposits by individuals.

✅ Correct Option: 3

Related questions:

21st May Shift 1

Why the services performed by women at home are not included in GDP?

14 May Shift 1

There are two firms in an economy. Firm A gives Rs. 20 to the workers as wages, and keeps the remaining 30 as its profits. Similarly, firm B gives 60 as wages and keeps 90 as profits. Calculate GDP?

Rs. 200
Rs. 120
Rs. 50
Rs. 150

14 May Shift 1

Match List-I with List-II

List–I	List–II
(A) Gross Domestic Product at Market Prices (GDPₘₚ)	(I) All the economic output produced by a nation’s normal residents, whether they are located within the national boundary or abroad.
(B) Net Domestic Product at Market Prices (NDPcₘₚ)	(II) Sum of income earned by all factors in the production in the form of wages, profits, rent and interest, etc., belonging to a country during a year.
(C) Gross National Product at Market Prices (GNPₘₚ)	(III) All production done by the national residents or the non-residents in a country gets included, regardless of whether that production is owned by a local company or a foreign entity.
(D) National Income (NI)	(IV) Income earned by the factors in the form of wages, profits, rent, interest, etc., within the domestic territory of a country.

Choose the correct answer from the options given below: |

CUET Economics 2025 30 May Shift 1 PYQs

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