The correct answer is Option 4: 1,2 and 3
Purely financial transactions are excluded from the calculation of National income.
All the given transactions listed are excluded from the calculation of national income:
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Sale of mutual funds, shares of Reliance Industries: These transactions are considered financial transactions, not part of the production of goods and services. They do not contribute to the current production of goods and services.
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Old age pension payments, donations: These are transfer payments and do not reflect current production or income generation. They are redistributions of existing income rather than new income creation.
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Pocket money given to children by their parents: This is a personal transfer and does not involve the production of goods or services. It is not included in national income calculations.
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