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Brokerage paid to the broker for sale an...

Brokerage paid to the broker for sale and purchase of shares is included in national income because :

A

it is operating surplus

B

it is C.O.E.

C

it is mixed income of self employed

D

broker is rendering productive serices

Text Solution

Verified by Experts

The correct Answer is:
D
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Knowledge Check

  • National income includes :

    A
    Transfer income
    B
    Factor income
    C
    Both (a) and (b)
    D
    Neither (a) nor (b)

  • Broker's commission on sale and purchase of second hand goods is included in national income because :

    A
    It is a part of compensation of employees
    B
    It is a part of gross domestic capital formation
    C
    It is an income earned for rendering productive services.
    D
    None of these

  • Which one is included in National Income ?

    A
    Winning from Lottery
    B
    Milk purchase by a dairy shop
    C
    National Debt Interest
    D
    None of these

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    Teaching by a teacher to his son will be included in national income.

    Out of factor income and transfer income , which one is included in the national income ?

    Following will be included in national income

    Purely financial transactions, not included in national income :

    Which of the following is not included in National income account?

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