Question : Which of the following are factor income?

1. Compensation received from employer.
2. Birthday gift received from parents.
3. Claim received from Insurance company.
4. Pension received by the resident.

Option 1: 1&3

Option 2: 2&4

Option 3: 1&2

Option 4: 3&4

Question : Which of the following are factor income?

1. Compensation received from employer.
2. Birthday gift received from parents.
3. Claim received from Insurance company.
4. Pension received by the resident.

Option 1: 1&3

Option 2: 2&4

Option 3: 1&2

Option 4: 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 : Which of the following are the part of national income?

1. Payment of interest by a government firms.
2. Winning of a lottery prize.
3. Internet on public debt.
4. Gifts received from employer.

Option 1: Only 1

Option 2: Only 1&2

Option 3: 1,2&3

Option 4: 1,2,3&4

Question : Which of the following are not included in national income?

1. Income from sale of property, inherited from a relative.
2. GST received by government.
3. Direct purchases made abroad by government.
4. Purchase of equipments for installation in a factory.

Option 1: Only 1&2

Option 2: Only 2&3

Option 3: Only 3&4

Option 4: 1&3

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

1. Interest received on debentures
2. Payment of bonus by a firm.
3. Winning of a lottery prize.
4. Internet on public debt.

Option 1: 2&3

Option 2: 1&2

Option 3: 1&3

Option 4: 3&4