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1) Article 112 defines Budget or Annual financial statement as a statement of estimated receipts and expenditure of the Government of India has to be laid before Parliament in respect of every financial year.
2) Department is Revenue is entrusted with the responsibility of preparation and presentation of Union Budget.
Which of the statements given above is/are correct?
1) Transfer payment
2) Goods produced for self-consumption
3) Windfall gains
4) Work done by housewives
5) Estimated rent of the self-occupied property
Which of the items given above are not included while estimating the National income?
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