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Will the following be included in National Income of India? Give reassons for your answer. (i) Financial help given to flood victims. (ii) Profits earned by an Indian bank from its branches abroad. (iii) Salareis paid to non-resident Indians working in Indian emabassy in America. (iv) Interest received try an individual from banks. |
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Answer» (II) Profit earned by an INDIAN bank from its branches abroad is factor income from abroad, and so included in national income. (iii) Salaries paid to NRI's working in INdian EMBASSY in America is factor income paid to abroad. it is deducted from India's national income. (iv) INTEREST recieved by an individual from bank is a factor payment by a productive enterprise. it is included in national income. |
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