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:

13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Net National Product at Market Prices (NNP_MP)	(I) GNP_MP - Net Product Taxes - Net Production Taxes
(B) Gross National Product at Market Prices (GNP_MP)	(II) GDP at market prices
(C) Gross National Product at Factor Cost (GNP_FC)	(III) GNP_MP - Depreciation
(D) GVA at Market Prices	(IV) GDP_MP + NFIA

Choose the correct answer from the options given below:

30 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Capital consumption	(I) Value added
(B) Part of raw material which gets used up	(II) Intermediate consumption
(C) A stock variable	(III) Depriciation
(D) A flow variable	(IV) Inventory

Choose the correct answer from the options given below:

31 May Shift 1

Calculate Net Domestic Product at factor cost (NDP $_{FC}$ ).