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How will you treat the following while estimating national income of India? Give reason for your answer.

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(i) Dividend received a foreigner from investment in shares of an Indian company- Not included separately. It is a part of profit & profit is calculated in National Income before the distribution of dividend. 

(ii) Profits earned by a branch of an Indian Bank in Canada- Included as a part of factor income from abroad. 

(iii)scholarship given to Indian students studying in India by a foreign company- Transfer payment- not includedno services are rendered by students against the payment.  

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