Question : Income of a doctor running a clinic at his residence is an example of ______________________.
Option 1: Mixed income
Option 2: Compensation of employees
Option 3: Income from property
Option 4: Income from entrepreneurship
Correct Answer: Mixed income
Solution : Mixed income is the income generated by own account workers. Example- Income of a doctor running a clinic at his residence. Hence, Option A is correct.
Question : Which of the following is correct?
Option 1: Operating surplus = Compensation of employees + profit + interest.
Option 2: Operating surplus = Compensation of employees + rent+ interest.
Option 3: Operating surplus = Rent and royalty + profit + interest.
Option 4: Operating surplus = Compensation of employees + profit + mixed income.
Question : The components of income method includes-
Option 1: Compensation of employees
Option 2: Operating surplus
Option 3: Mixed income
Option 4: All of the above.
Question : Which of the following is a part of compensation of employees?
Option 1: Employers contributionn to social security scheme.
Option 2: Employees contribution to social security scheme.
Option 3: Mixed Income
Question : It is the outcome of a dynamic process of interaction between a person and his environment.
Option 1: Entrepreneurship
Option 2: Entrepreneurship development
Option 3: Entrepreneur
Option 4: None of the above
Question : Mixed income is a feature pertaining to the economies of
Option 1: India
Option 2: China
Option 3: Pakistan
Option 4: Pakistan and India
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