Which among the following does not form the part of national income of India?

financial help given to flood victims

The correct answer is Option 1: financial help given to flood victims

Let's analyze each option:

1. Financial help given to flood victims: This type of financial assistance is a transfer payment and does not represent production or income earned from productive activities. Therefore, it is not included in national income.

2. Profits earned by an Indian bank from its branches abroad: Profits earned by Indian entities from their operations abroad are included in national income because they represent income earned by Indian entities, regardless of where it is earned.

3. Salaries paid to resident Indians working in the Indian Embassy in America: This represents income earned by Indian citizens but working abroad. Such income is included in national income.

4. Interest received by an individual from banks: Interest income earned by individuals from banks is included in national income because it represents income earned within the country's borders. This is income earned by a resident Indian from capital invested within India.