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Which out of the following is not included in estimation of NI ?
Subsidized Lunch
Old-age Pension
Free Medical facilities
Construction of a house
- Subsidized Lunch: Government spending on providing meals at reduced prices in schools. It is a transfer payment, not part of National Income.
- Old-age Pension: Payments made to retirees, a form of social security transfer. Not included in National Income as they are transfer payments.
- Free Medical Facilities: Provision of health services without direct payment. It is a government transfer, not part of National Income.
- Construction of a House: Represents tangible production activity that contributes to the Gross Domestic Product, included in National Income estimation.
The correct answer is Old-age Pension, since it is not included in the estimation of National Income.
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