Question :

Factors responsible for depreciation of assets are-

1. Expected obsolescene.
2. Passage of time.
3. Normal wear and tear.
4. Capital loss

Option 1: 1,2&3

Option 2: 2,3&4

Option 3: 1,3&4

Option 4: 1,2,3&4

Question :

1. They have derived demand.
2. They donot loose their identitiy in the production process.
3. They have life span of years.
4. They satisfy the wants of consumers.

Option 1: 2&3

Option 2: 2&4

Option 3: 1,2&3

Option 4: 2,3&4

Question : Which of the following are the part of national income?

1. Purchase of car by a household.
2. Gifts received from employer
3.  Royalty
4. Government expenditure on street lightning.

Option 1: 1,3&4

Option 2: 2,3&4

Option 3: 1,2,3&4

Option 4: 1,2&3

Question :

1. Free boarding provided to a domestic servant.
2. Subsidised lunch served to workers in a factory.
3. Earnings of a self-employed doctor having a clinic at his own residence.
4. Internet on public debt.

Option 1: 1,2&3

Option 2: 1,2&4

Option 3: 2,3&4

Option 4: 1,2,3&4

Question :

1. Planes operated by Russian Airways between China and USA.
2. Political frontier by Russia.
3. Japanese Embassy in Russia.
4. Russian Embassy in Canada.

Option 1: 1,2&3

Option 2: 1,2,4

Option 3: 2,3&4

Option 4: 1,3&4

Question : Which of the following are the part of national income?

1. Imputed rent of self occupied houses.
2. Free medical facilities by employer.
3. Purchase of taxi by taxi driver.
4. Transport expenses by a firm.

Option 1: 1,2&3

Option 2: 2,3&4

Option 3: 1,3&4

Option 4: 1,2,3&4