Question : _________________ refers to the transfers made out of the current income of the payer and added to the current income of the recipient. 

Option 1: Current transfers

Option 2: Current expenditure.

Option 3: Factor income

Option 4: Factor transfer.

Question : Subsidies are ____________ income. Profit is _________ income.

Option 1: Factor, transfer.

Option 2: Transfer, factor.

Option 3: Transfer, transfer

Option 4: Factor, factor.

Question : Which of the following is correct regarding Private Income?

Option 1: Private Income = Factor income from net domestic product accruing to the private sector + National debt interest – Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world

Option 2: Private Income = Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad – Current transfers from government + Other net transfers from the rest of the world

Option 3: Private Income = Factor income from net domestic product accruing to the private sector + National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world

Option 4: Private Income = Factor income from net domestic product accruing to the private sector - National debt interest + Net factor income from abroad + Current transfers from government + Other net transfers from the rest of the world

Question : _________________ measures national income from the perspective of factor income.

Option 1: Value added method.

Option 2: Income method.

Option 3: Expenditure method.

Option 4: All of the above.

Question : The expenditure incurred on purchase or construction of owner- occupied houses is treated as __________________________. 

Option 1: Current transfer

Option 2: Capital formation

Option 3: Transfer income

Option 4: Mixed income.

Question : Transfer receipts includes ____________________.
 

Option 1: Current transfers
 

Option 2: Capital transfers
 

Option 3: Both A and B
 

Option 4: Neither A nor B